Computime Group (HKSE:00320) Receivables Turnover : 3.49 (As of Sep. 2023)

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What is Computime Group 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. Computime Group's Revenue for the six months ended in Sep. 2023 was HK$2,047 Mil. Computime Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$586 Mil. Hence, Computime Group's Receivables Turnover for the six months ended in Sep. 2023 was 3.49.

Computime Group Receivables Turnover Historical Data

The historical data trend for Computime Group'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.

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Computime Group Receivables Turnover Chart

Computime Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.28

5.96

8.04

9.26

7.98

Computime Group 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															4.13	4.77	4.84	4.59	3.49

Competitive Comparison of Computime Group's Receivables Turnover

For the Consumer Electronics subindustry, Computime Group'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.

Computime Group's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Computime Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Computime Group's Receivables Turnover falls into.

Computime Group Receivables Turnover Calculation

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

Computime Group'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 )
=	4204.764	/ (	(499.151	+	555.236)	/	2 )
=	4204.764	/	527.1935
=	7.98

Computime Group'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 )
=	2046.848	/ (	(555.236	+	616.745)	/	2 )
=	2046.848	/	585.9905
=	3.49

Computime Group (HKSE:00320) 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.

Computime Group Receivables Turnover Related Terms

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Computime Group (HKSE:00320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Computime Group Ltd (HKSE:00320) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

20 Science Park East Avenue, 6th Floor, Building 20E, Phase 3, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.computime.com

Computime Group Ltd is engaged in research and development, design, manufacture, trading, and distribution of electronic control products. The company operates in business segments that include the Control Solutions Business provides design, engineering, technology, and manufacturing services, including Original Equipment Manufacturer (OEM) and Original Design Manufacturer; and the Branded Business segment, which offers smart home, energy management, and home solutions to professional installers, property developers, utility companies, and wholesaler. The company generates a vast majority of its revenue from the Control solutions segment. Geographically, the operations are spread throughout America, Europe, Oceania, and Asia.

Executives

Heung Lap Chi Eugene	2101 Beneficial owner
Leung Yee Li Lana	2202 Interest of your spouse
Yeoman 3-rights Value Asia Fund Vcc	2101 Beneficial owner
Lim Mee Hwa	2201 Interest of corporation controlled by you
Yeo Seng Chong	2201 Interest of corporation controlled by you
Yeoman Capital Management Pte Ltd	2201 Interest of corporation controlled by you
Auyang Ho
Tse Shuk Ming

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