Wanjia Group Holdings (HKSE:00401) Receivables Turnover : 1.89 (As of Sep. 2023)

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What is Wanjia Group Holdings 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. Wanjia Group Holdings's Revenue for the six months ended in Sep. 2023 was HK$93.4 Mil. Wanjia Group Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$49.5 Mil. Hence, Wanjia Group Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 1.89.

Wanjia Group Holdings Receivables Turnover Historical Data

The historical data trend for Wanjia Group Holdings'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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Wanjia Group Holdings Receivables Turnover Chart

Wanjia Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.71

6.34

8.95

4.85

3.82

Wanjia Group Holdings 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															2.32	1.79	1.78	1.77	1.89

Competitive Comparison of Wanjia Group Holdings's Receivables Turnover

For the Medical Distribution subindustry, Wanjia Group Holdings'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.

Wanjia Group Holdings's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Wanjia Group Holdings's Receivables Turnover distribution charts can be found below:

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

Wanjia Group Holdings Receivables Turnover Calculation

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

Wanjia Group Holdings'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 )
=	173.702	/ (	(48.868	+	42.11)	/	2 )
=	173.702	/	45.489
=	3.82

Wanjia Group Holdings'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 )
=	93.373	/ (	(42.11	+	56.901)	/	2 )
=	93.373	/	49.5055
=	1.89

Wanjia Group Holdings (HKSE:00401) 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.

Wanjia Group Holdings Receivables Turnover Related Terms

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Wanjia Group Holdings (HKSE:00401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Wanjia Group Holdings Ltd (HKSE:00401) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Canton Road, Harbour City, Suite 1801, 18th Floor, Tower 1, The Gateway, Kowloon, Hong Kong, HKG

Website

https://www.wanjia-gp.com

Wanjia Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the company operates in principal activities of Pharmaceutical wholesale and distribution business, and Hemodialysis treatment and consultancy service business. The company generates key revenue from the Hemodialysis treatment and consultancy service business.

Executives

Wang Jia Jun	2101 Beneficial owner
Expert Wealth Investments Limited	2201 Interest of corporation controlled by you
Grand Harbour Finance Limited	2106 Person having a security interest in shares
Yung Ka Lai	2101 Beneficial owner
Ng Kwok Fai	2201 Interest of corporation controlled by you
Wei Yang Tou Zi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Li Wei	2202 Interest of your spouse
Liu Chang	2201 Interest of corporation controlled by you
Liu Yonghao	2201 Interest of corporation controlled by you
Nan Fang Xi Wang Shi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Xi Wang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Xi Zang Heng Ye Feng Shi Ye You Xian Gong Si	2201 Interest of corporation controlled by you

Wanjia Group Holdings (HKSE:00401) Headlines

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