Lam Soon (Hong Kong) (HKSE:00411) Receivables Turnover : 8.09 (As of Dec. 2024)

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What is Lam Soon (Hong Kong) 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. Lam Soon (Hong Kong)'s Revenue for the six months ended in Dec. 2024 was HK$2,681 Mil. Lam Soon (Hong Kong)'s average Accounts Receivable for the six months ended in Dec. 2024 was HK$331 Mil. Hence, Lam Soon (Hong Kong)'s Receivables Turnover for the six months ended in Dec. 2024 was 8.09.

Lam Soon (Hong Kong) Receivables Turnover Historical Data

The historical data trend for Lam Soon (Hong Kong)'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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Lam Soon (Hong Kong) Receivables Turnover Chart

Lam Soon (Hong Kong) Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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15.52

19.17

20.11

16.54

15.73

Lam Soon (Hong Kong) Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															8.20	7.42	8.26	6.66	8.09

Competitive Comparison of Lam Soon (Hong Kong)'s Receivables Turnover

For the Packaged Foods subindustry, Lam Soon (Hong Kong)'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.

Lam Soon (Hong Kong)'s Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lam Soon (Hong Kong)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lam Soon (Hong Kong)'s Receivables Turnover falls into.

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Lam Soon (Hong Kong) Receivables Turnover Calculation

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

Lam Soon (Hong Kong)'s Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	4837.585	/ (	(302.746	+	312.317)	/	2 )
=	4837.585	/	307.5315
=	15.73

Lam Soon (Hong Kong)'s Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	2680.504	/ (	(312.317	+	350.091)	/	2 )
=	2680.504	/	331.204
=	8.09

Lam Soon (Hong Kong) (HKSE:00411) 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.

Lam Soon (Hong Kong) Receivables Turnover Related Terms

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Lam Soon (Hong Kong) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lam Soon (Hong Kong) Ltd (HKSE:00411) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Dai Fu Street, Lam Soon Building, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.lamsoon.com

Lam Soon (Hong Kong) Ltd is an investment holding company. It is engaged in the manufacturing of food and detergent products. The company's business segments, which are based on its activities are Food and Home Care. The food segment includes the manufacturing and distribution of food products including flour, edible oils, and vegetable fats. The Home Care segment includes the manufacturing and distribution of household cleaning products including liquid dishwashing detergent, laundry powder, liquid laundry detergent, fabric softener, floor cleaner, and industrial marble cleanser. It generates the majority of the revenue from the Food segment activities. It has operations in Hong Kong, and international countries, of which the majority of the revenue is derived from Mainland China.

Executives

Davos Investment Holdings Private Limited
Guoline Capital Assets Limited
Hong Leong Investment Holdings Pte. Ltd.
Kwek Leng Kee
Quek Leng Chan
Whang Sun Tze	2101 Beneficial owner

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