Lee Kee Holdings (HKSE:00637) Receivables Turnover : 4.71 (As of Sep. 2023)

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What is Lee Kee 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. Lee Kee Holdings's Revenue for the six months ended in Sep. 2023 was HK$845 Mil. Lee Kee Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$179 Mil. Hence, Lee Kee Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 4.71.

Lee Kee Holdings Receivables Turnover Historical Data

The historical data trend for Lee Kee 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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Lee Kee Holdings Receivables Turnover Chart

Lee Kee Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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12.37

12.81

11.23

9.58

9.16

Lee Kee Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.26	5.51	4.75	4.71	4.69

Competitive Comparison of Lee Kee Holdings's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Lee Kee 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.

Lee Kee Holdings's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lee Kee Holdings's Receivables Turnover distribution charts can be found below:

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

Lee Kee Holdings Receivables Turnover Calculation

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

Lee Kee 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 )
=	2204.673	/ (	(277.598	+	182.589)	/	2 )
=	2204.673	/	230.0935
=	9.58

Lee Kee 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 )
=	844.579	/ (	(182.589	+	176.181)	/	2 )
=	844.579	/	179.385
=	4.71

Lee Kee Holdings (HKSE:00637) 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.

Lee Kee Holdings Receivables Turnover Related Terms

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Lee Kee Holdings (HKSE:00637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lee Kee Holdings Ltd (HKSE:00637) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Dai Fat Street, Tai Po Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.leekeegroup.com

Lee Kee Holdings Ltd is involved in the production and distribution of metals, along with quality assurance and testing, technical consultancy, and futures brokerage services. The company is engaged in the trading of zinc, zinc alloy, nickel, nickel-related products, aluminum, aluminum alloy, stainless steel, and other electroplating chemical products. Geographically, it derives a majority of its revenue from Mainland China and also has a presence in Hong Kong.

Executives

Chan Ka Chun Patrick	2501 Other
Okusako Chan Pui Shan Lillian	2501 Other

Lee Kee Holdings (HKSE:00637) Headlines

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