Capital Industrial Financial Services Group (HKSE:00730) Receivables Turnover : 47.86 (As of Dec. 2023)

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What is Capital Industrial Financial Services Group 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. Capital Industrial Financial Services Group's Revenue for the six months ended in Dec. 2023 was HK$119.3 Mil. Capital Industrial Financial Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2.5 Mil. Hence, Capital Industrial Financial Services Group's Receivables Turnover for the six months ended in Dec. 2023 was 47.86.

Capital Industrial Financial Services Group Receivables Turnover Historical Data

The historical data trend for Capital Industrial Financial Services Group'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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Capital Industrial Financial Services Group Receivables Turnover Chart

Capital Industrial Financial Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.36

56.07

15.93

26.43

Capital Industrial Financial Services Group 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															35.03	4.77	13.54	10.84	47.86

Competitive Comparison of Capital Industrial Financial Services Group's Receivables Turnover

For the Credit Services subindustry, Capital Industrial Financial Services Group'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.

Capital Industrial Financial Services Group's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Capital Industrial Financial Services Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Capital Industrial Financial Services Group's Receivables Turnover falls into.

Capital Industrial Financial Services Group Receivables Turnover Calculation

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

Capital Industrial Financial Services Group'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 )
=	219.285	/ (	(15.033	+	1.558)	/	2 )
=	219.285	/	8.2955
=	26.43

Capital Industrial Financial Services Group'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 )
=	119.265	/ (	(3.426	+	1.558)	/	2 )
=	119.265	/	2.492
=	47.86

Capital Industrial Financial Services Group (HKSE:00730) 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.

Capital Industrial Financial Services Group Receivables Turnover Related Terms

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Capital Industrial Financial Services Group (HKSE:00730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Capital Industrial Financial Services Group Ltd (HKSE:00730) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

http://www.capital-ifs.com

Capital Industrial Financial Services Group Ltd is an investment holding company engaged in the provision of sale and leaseback arrangements services, property leasing services, supply chain management business, assets management, and consultancy services. Its operating divisions are sale and leaseback arrangements services, property leasing services, assets management, and consultancy services, and supply chain management business.

Executives

Shougang Group Co., Ltd.	2201 Interest of corporation controlled by you
Mak Siu Hang Viola	2201 Interest of corporation controlled by you
Vms Investment Group Limited	2101 Beneficial owner
Hy Holding Limited
Yip Wang Ngai

Capital Industrial Financial Services Group (HKSE:00730) Headlines

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