State Energy Group International Assets Holdings (HKSE:00918) Receivables Turnover : 0.50 (As of Sep. 2023)

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What is State Energy Group International Assets 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. State Energy Group International Assets Holdings's Revenue for the six months ended in Sep. 2023 was HK$92.0 Mil. State Energy Group International Assets Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$185.5 Mil. Hence, State Energy Group International Assets Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 0.50.

State Energy Group International Assets Holdings Receivables Turnover Historical Data

The historical data trend for State Energy Group International Assets 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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State Energy Group International Assets Holdings Receivables Turnover Chart

State Energy Group International Assets Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.22

3.32

2.29

1.30

1.12

State Energy Group International Assets Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.67	0.54	0.69	0.39	0.50

Competitive Comparison of State Energy Group International Assets Holdings's Receivables Turnover

For the Apparel Manufacturing subindustry, State Energy Group International Assets 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.

State Energy Group International Assets Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, State Energy Group International Assets Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where State Energy Group International Assets Holdings's Receivables Turnover falls into.

State Energy Group International Assets Holdings Receivables Turnover Calculation

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

State Energy Group International Assets 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 )
=	213.661	/ (	(163.619	+	219.355)	/	2 )
=	213.661	/	191.487
=	1.12

State Energy Group International Assets 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 )
=	92.024	/ (	(219.355	+	151.625)	/	2 )
=	92.024	/	185.49
=	0.50

State Energy Group International Assets Holdings (HKSE:00918) 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.

State Energy Group International Assets Holdings Receivables Turnover Related Terms

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State Energy Group International Assets Holdings (HKSE:00918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » State Energy Group International Assets Holdings Ltd (HKSE:00918) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 13, 5th Floor, Tower 1, Harbour Centre, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.seiah.com/en/companyInfo

State Energy Group International Assets Holdings Ltd is an investment holding company. It is principally engaged in the sourcing, subcontracting, marketing, and selling of outerwear garments and sportswear products, property investment, and provision of marketing services. The company's operating segment includes Garment business; Property investment and Marketing services. Revenue mainly represents the consideration of goods sold, rental income received and receivable and marketing services provided. It generates maximum revenue from the Garment business segment.

Executives

Zhang Jinbing	2101 Beneficial owner
Always Profit Development Limited	2101 Beneficial owner
Golden Bold Holdings Limited	2101 Beneficial owner
Wang Yuelai	2201 Interest of corporation controlled by you
Chong Kin Group Holdings Ltd.	2106 Person having a security interest in shares
State Energy Hk Limited	2101 Beneficial owner
Shang Hai Zhong She Gu Quan Tou Zi Ji Jin You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Guo Ming Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Quan Hui	2201 Interest of corporation controlled by you
Guo Neng Shang Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Niu Fang	2201 Interest of corporation controlled by you
Hu Zhang Cui	2202 Interest of your spouse

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