High Fashion International (HKSE:00608) Receivables Turnover : 2.77 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is High Fashion International 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. High Fashion International's Revenue for the six months ended in Dec. 2023 was HK$1,694 Mil. High Fashion International's average Accounts Receivable for the six months ended in Dec. 2023 was HK$611 Mil. Hence, High Fashion International's Receivables Turnover for the six months ended in Dec. 2023 was 2.77.

High Fashion International Receivables Turnover Historical Data

The historical data trend for High Fashion International'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.

* Premium members only.

High Fashion International Receivables Turnover Chart

High Fashion International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.01

4.36

5.95

6.58

5.58

High Fashion International 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															3.43	3.12	2.87	2.83	2.77

Competitive Comparison of High Fashion International's Receivables Turnover

For the Apparel Manufacturing subindustry, High Fashion International'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.

High Fashion International's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, High Fashion International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where High Fashion International's Receivables Turnover falls into.

High Fashion International Receivables Turnover Calculation

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

High Fashion International'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 )
=	3306.882	/ (	(551.374	+	633.289)	/	2 )
=	3306.882	/	592.3315
=	5.58

High Fashion International'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 )
=	1694.443	/ (	(589.705	+	633.289)	/	2 )
=	1694.443	/	611.497
=	2.77

High Fashion International (HKSE:00608) 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.

High Fashion International Receivables Turnover Related Terms

Thank you for viewing the detailed overview of High Fashion International's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

High Fashion International (HKSE:00608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » High Fashion International Ltd (HKSE:00608) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG

Website

https://www.highfashion.com.hk

High Fashion International Ltd is an investment holding company. It is engaged in the manufacture and trading of garments, as well as property investment and development.. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company operates in the United States, Greater China, Europe, and Other countries. It generates majority of the revenue from China.

Executives

Lam Foo Wah	2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited	2101 Beneficial owner
Leung Shuk Bing	2202 Interest of your spouse
Hinton Company Limited	2101 Beneficial owner

High Fashion International (HKSE:00608) Headlines

No Headlines