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Arta TechFin (HKSE:00279) Receivables Turnover : 2.24 (As of Sep. 2023)


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What is Arta TechFin Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Arta TechFin's Revenue for the six months ended in Sep. 2023 was HK$6.22 Mil. Arta TechFin's average Accounts Receivable for the six months ended in Sep. 2023 was HK$2.78 Mil. Hence, Arta TechFin's Receivables Turnover for the six months ended in Sep. 2023 was 2.24.


Arta TechFin Receivables Turnover Historical Data

The historical data trend for Arta TechFin's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Arta TechFin Receivables Turnover Chart

Arta TechFin Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.43 0.26 0.44 1.12

Arta TechFin Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.35 0.55 0.43 2.24

Competitive Comparison of Arta TechFin's Receivables Turnover

For the Capital Markets subindustry, Arta TechFin's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Arta TechFin's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Arta TechFin's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Arta TechFin's Receivables Turnover falls into.



Arta TechFin Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Arta TechFin's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=12.752 / ((21.524 + 1.27) / 2 )
=12.752 / 11.397
=1.12

Arta TechFin's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=6.221 / ((1.27 + 4.286) / 2 )
=6.221 / 2.778
=2.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Arta TechFin  (HKSE:00279) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Arta TechFin Receivables Turnover Related Terms

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Arta TechFin (HKSE:00279) Business Description

Traded in Other Exchanges
N/A
Address
Units 1-2, 728 King’s Road, Level 9, K11 ATELIER King's Road, Quarry Bay, Hong Kong, CHN
Arta TechFin Corp Ltd is an investment holding company that operates in three segments; Global markets business, which includes brokerage and investment banking businesses, Asset management business, Insurance brokerage business. Majority of its revenue is generated from Global markets business segment. Geographically, the business is carried out in Hong Kong.

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