Shunten International (Holdings) (HKSE:00932) Receivables Turnover : 2.41 (As of Sep. 2024)

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What is Shunten International (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. Shunten International (Holdings)'s Revenue for the six months ended in Sep. 2024 was HK$103.0 Mil. Shunten International (Holdings)'s average Accounts Receivable for the six months ended in Sep. 2024 was HK$42.8 Mil. Hence, Shunten International (Holdings)'s Receivables Turnover for the six months ended in Sep. 2024 was 2.41.

Shunten International (Holdings) Receivables Turnover Historical Data

The historical data trend for Shunten International (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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Shunten International (Holdings) Receivables Turnover Chart

Shunten International (Holdings) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.99

4.98

4.88

5.44

4.54

Shunten International (Holdings) Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.68	2.10	2.41	2.33	2.41

Competitive Comparison of Shunten International (Holdings)'s Receivables Turnover

For the Packaged Foods subindustry, Shunten International (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.

Shunten International (Holdings)'s Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shunten International (Holdings)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shunten International (Holdings)'s Receivables Turnover falls into.

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Shunten International (Holdings) Receivables Turnover Calculation

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

Shunten International (Holdings)'s Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	235.586	/ (	(58.78	+	45.033)	/	2 )
=	235.586	/	51.9065
=	4.54

Shunten International (Holdings)'s Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	102.996	/ (	(45.033	+	40.577)	/	2 )
=	102.996	/	42.805
=	2.41

Shunten International (Holdings) (HKSE:00932) 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.

Shunten International (Holdings) Receivables Turnover Related Terms

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Shunten International (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shunten International (Holdings) Ltd (HKSE:00932) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Kwai Cheong Road, Unit D, 7th Floor, KC100, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.shunten.com.hk

Shunten International (Holdings) Ltd is an investment holding company. The company's segments are Health and beauty supplements and products business and products and property investment. It generates maximum revenue from Health and beauty supplements and products.

Executives

Leung Lisa	2201 Interest of corporation controlled by you
Cheung Siu Fai
Leading Virtue Holdings Limited	2101 Beneficial owner
Hammer Capital Ventures Limited	2501 Other
Prosper Rich Investments Limited	2101 Beneficial owner
Hammer Capital Private Investments Limited	2106 Person having a security interest in shares
Tsang Ling Kay Rodney	2201 Interest of corporation controlled by you
Able Island Group Limited	2101 Beneficial owner
Cosmo Group Holdings Limited	2101 Beneficial owner
Symphony Holdings Limited	2201 Interest of corporation controlled by you
Chan Yan Tak	2201 Interest of corporation controlled by you
Altair Asia Investments Limited	2101 Beneficial owner
Ardon Maroon Fund Management Limited	2201 Interest of corporation controlled by you

Shunten International (Holdings) Headlines

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