Auto Italia Holdings (HKSE:00720) Receivables Turnover : 2.01 (As of Dec. 2023)

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What is Auto Italia 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. Auto Italia Holdings's Revenue for the six months ended in Dec. 2023 was HK$21.77 Mil. Auto Italia Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$10.83 Mil. Hence, Auto Italia Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.01.

Auto Italia Holdings Receivables Turnover Historical Data

The historical data trend for Auto Italia 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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Auto Italia Holdings Receivables Turnover Chart

Auto Italia Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.11

0.31

5.61

6.52

5.68

Auto Italia 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															102.11	-	3.15	3.80	2.01

Competitive Comparison of Auto Italia Holdings's Receivables Turnover

For the Real Estate Services subindustry, Auto Italia 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.

Auto Italia Holdings's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Auto Italia Holdings's Receivables Turnover distribution charts can be found below:

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

Auto Italia Holdings Receivables Turnover Calculation

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

Auto Italia 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 )
=	47.504	/ (	(4.315	+	12.404)	/	2 )
=	47.504	/	8.3595
=	5.68

Auto Italia 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 )
=	21.767	/ (	(9.248	+	12.404)	/	2 )
=	21.767	/	10.826
=	2.01

Auto Italia Holdings (HKSE:00720) 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.

Auto Italia Holdings Receivables Turnover Related Terms

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Auto Italia Holdings (HKSE:00720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Auto Italia Holdings Ltd (HKSE:00720) » Definitions » Receivables Turnover

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Address

8 Connaught Place, 49th Floor, One Exchange Square, Central, Hong Kong, HKG

Website

http://www.autoitalia.com.hk

Auto Italia Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in the provision of financing and property investment. The company's activities include the trading of cars and related accessories and the provision of after-sales and pre-delivery inspection services. The group's geographical markets include Hong Kong, Macau, and Mainland China.

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