Continental Holdings (HKSE:00513) Receivables Turnover : 3.10 (As of Dec. 2023)

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What is Continental 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. Continental Holdings's Revenue for the six months ended in Dec. 2023 was HK$200.2 Mil. Continental Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$64.7 Mil. Hence, Continental Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.10.

Continental Holdings Receivables Turnover Historical Data

The historical data trend for Continental 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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Continental Holdings Receivables Turnover Chart

Continental Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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3.89

4.05

5.57

5.79

5.26

Continental Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.09	2.37	2.74	2.43	3.10

Competitive Comparison of Continental Holdings's Receivables Turnover

For the Luxury Goods subindustry, Continental 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.

Continental Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Continental Holdings's Receivables Turnover distribution charts can be found below:

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

Continental Holdings Receivables Turnover Calculation

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

Continental Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	455.608	/ (	(108.755	+	64.591)	/	2 )
=	455.608	/	86.673
=	5.26

Continental Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	200.183	/ (	(64.591	+	64.718)	/	2 )
=	200.183	/	64.6545
=	3.10

Continental Holdings (HKSE:00513) 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.

Continental Holdings Receivables Turnover Related Terms

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Continental Holdings (HKSE:00513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Continental Holdings Ltd (HKSE:00513) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

11 Hok Yuen Street, Flats M & N, 1st Floor, Kaiser Estate, Phase III, Hunghom, Kowloon, Hong Kong, HKG

Website

https://www.continental.com.hk

Continental Holdings Ltd is a Hong Kong-based investment holding company principally engaged in jewelry and diamond businesses. Business activities are carried out in various segments namely Jewellery Business, Property investment and development, Mining operation and Investment. The company generates maximum revenue from Jewellery Business segment. Geographically the company's business presence is seen across the regions of Hong Kong, North America, Europe, the Middle East and various other countries.

Executives

Cheng Siu Yin Shirley	2201 Interest of corporation controlled by you
Chan Sing Chuk Charles

Continental Holdings (HKSE:00513) Headlines

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