Bison Finance Group (HKSE:00888) Receivables Turnover : 0.60 (As of Dec. 2023)

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What is Bison Finance 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. Bison Finance Group's Revenue for the six months ended in Dec. 2023 was HK$9.29 Mil. Bison Finance Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$15.36 Mil. Hence, Bison Finance Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.60.

Bison Finance Group Receivables Turnover Historical Data

The historical data trend for Bison Finance 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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Bison Finance Group Receivables Turnover Chart

Bison Finance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.10

0.71

1.22

0.05

1.68

Bison Finance 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															0.52	0.54	-	1.21	0.60

Competitive Comparison of Bison Finance Group's Receivables Turnover

For the Financial Conglomerates subindustry, Bison Finance 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.

Bison Finance Group's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Bison Finance Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bison Finance Group's Receivables Turnover falls into.

Bison Finance Group Receivables Turnover Calculation

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

Bison Finance 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 )
=	30.341	/ (	(20.15	+	16.013)	/	2 )
=	30.341	/	18.0815
=	1.68

Bison Finance 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 )
=	9.286	/ (	(14.708	+	16.013)	/	2 )
=	9.286	/	15.3605
=	0.60

Bison Finance Group (HKSE:00888) 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.

Bison Finance Group Receivables Turnover Related Terms

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Bison Finance Group (HKSE:00888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bison Finance Group Ltd (HKSE:00888) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

18 King Wah Road, 6th Floor, North Point, Hong Kong, HKG

Website

https://www.bison.com.hk

Bison Finance Group Ltd is an investment holding company. The company's operating segment includes Financial services which comprise loan financing services and licensed businesses including the provision of investment advisory services, advisory services on corporate finance, securities brokerage services, external asset management services and fund management services.

Executives

Wan Hiu Yeung	2201 Interest of corporation controlled by you
Jong Yat Kit (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Dong Xing Zheng Quan Xiang Gang Jin Rong Kong Gu You Xian Gong Si	2106 Person having a security interest in shares
Dong Xing Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Su Li Hong	2201 Interest of corporation controlled by you
Xin Ze Mao Yi You Xian Gong Si	2101 Beneficial owner
Tan Bin
Jiang Feng Yun
Deng Xianzi
Cruiser Determined Limited
China Orient Asset Management Co., Ltd.	2106 Person having a security interest in shares
Bliss Chance Global Limited
Bison Capital Financial Holdings Limited
Xu Peixin
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Bison Finance Group (HKSE:00888) Headlines

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