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Jiahua Stores Holdings (HKSE:00602) Receivables Turnover : 8.62 (As of Dec. 2023)


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What is Jiahua Stores 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. Jiahua Stores Holdings's Revenue for the six months ended in Dec. 2023 was HK$213.1 Mil. Jiahua Stores Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$24.7 Mil. Hence, Jiahua Stores Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 8.62.


Jiahua Stores Holdings Receivables Turnover Historical Data

The historical data trend for Jiahua Stores 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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Jiahua Stores Holdings Receivables Turnover Chart

Jiahua Stores Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.73 20.22 12.14 8.68 14.02

Jiahua Stores 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 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 4.85 4.81 9.37 9.17 8.62

Competitive Comparison of Jiahua Stores Holdings's Receivables Turnover

For the Department Stores subindustry, Jiahua Stores 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.


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

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

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



Jiahua Stores Holdings Receivables Turnover Calculation

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

Jiahua Stores Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=387.161 / ((21.866 + 33.376) / 2 )
=387.161 / 27.621
=14.02

Jiahua Stores 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 )
=213.068 / ((16.088 + 33.376) / 2 )
=213.068 / 24.732
=8.62

* 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.


Jiahua Stores Holdings  (HKSE:00602) 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.


Jiahua Stores Holdings Receivables Turnover Related Terms

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Jiahua Stores Holdings (HKSE:00602) Business Description

Traded in Other Exchanges
N/A
Address
Number 2146 Xinhu Road, 4th Floor, Jiahua Ming Yuan, Baoan Central District, Shenzhen, CHN, 518101
Jiahua Stores Holdings Ltd operates large scale chain stores. The company's main activity includes operation and management of retail stores and provision of financing services. It mainly operates retail stores in Guangdong and Guangxi of China.

Jiahua Stores Holdings (HKSE:00602) Headlines

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