King International Investment (HKSE:00928) Receivables Turnover : 0.74 (As of Sep. 2023)

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What is King International Investment 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. King International Investment's Revenue for the six months ended in Sep. 2023 was HK$83.4 Mil. King International Investment's average Accounts Receivable for the six months ended in Sep. 2023 was HK$112.8 Mil. Hence, King International Investment's Receivables Turnover for the six months ended in Sep. 2023 was 0.74.

King International Investment Receivables Turnover Historical Data

The historical data trend for King International Investment'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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King International Investment Receivables Turnover Chart

King International Investment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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101.82

2.67

3.45

5.21

3.16

King International Investment 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															2.12	0.11	2.30	2.36	0.74

Competitive Comparison of King International Investment's Receivables Turnover

For the Diagnostics & Research subindustry, King International Investment'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.

King International Investment's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, King International Investment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where King International Investment's Receivables Turnover falls into.

King International Investment Receivables Turnover Calculation

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

King International Investment'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 )
=	223.853	/ (	(24.219	+	117.333)	/	2 )
=	223.853	/	70.776
=	3.16

King International Investment'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 )
=	83.427	/ (	(117.333	+	108.34)	/	2 )
=	83.427	/	112.8365
=	0.74

King International Investment (HKSE:00928) 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.

King International Investment Receivables Turnover Related Terms

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King International Investment (HKSE:00928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » King International Investment Ltd (HKSE:00928) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Room 6307-08, 63rd Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.lifehealthcare.com

King International Investment Ltd formerly Life Healthcare Group Ltd is an investment holding company. The company's operating segment includes the Healthcare products and services business and Money lending business. It generates maximum revenue from the Healthcare products and services business segment. Geographically, it derives a majority of revenue from PRC. The group is primarily a provider of genetic testing and health data analysis services.

Executives

Wei Yan	2101 Beneficial owner
Wang Mengyao	2101 Beneficial owner
Wong Yat Fung	2101 Beneficial owner
Zhou Chun Yan	2101 Beneficial owner
Pioneer Environmental International Industries Company Limited	2101 Beneficial owner
Liu Na	2201 Interest of corporation controlled by you
Wang Wen	2101 Beneficial owner
Pang Zhen	2101 Beneficial owner

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