Da Yu Financial Holdings (HKSE:01073) Receivables Turnover : 16.89 (As of Dec. 2023)

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What is Da Yu Financial 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. Da Yu Financial Holdings's Revenue for the six months ended in Dec. 2023 was HK$22.21 Mil. Da Yu Financial Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1.32 Mil. Hence, Da Yu Financial Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 16.89.

Da Yu Financial Holdings Receivables Turnover Historical Data

The historical data trend for Da Yu Financial 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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Da Yu Financial Holdings Receivables Turnover Chart

Da Yu Financial Holdings Annual Data

Trend

Jun11

Jun12

Jun13

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.01

11.54

26.30

25.62

Da Yu Financial Holdings Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.56	15.09	23.09	21.87	16.89

Competitive Comparison of Da Yu Financial Holdings's Receivables Turnover

For the Capital Markets subindustry, Da Yu Financial 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.

Da Yu Financial Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Da Yu Financial Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Da Yu Financial Holdings's Receivables Turnover falls into.

Da Yu Financial Holdings Receivables Turnover Calculation

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

Da Yu Financial Holdings'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 )
=	43.36	/ (	(1.344	+	2.041)	/	2 )
=	43.36	/	1.6925
=	25.62

Da Yu Financial Holdings'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 )
=	22.213	/ (	(0.59	+	2.041)	/	2 )
=	22.213	/	1.3155
=	16.89

Da Yu Financial Holdings (HKSE:01073) 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.

Da Yu Financial Holdings Receivables Turnover Related Terms

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Da Yu Financial Holdings (HKSE:01073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Da Yu Financial Holdings Ltd (HKSE:01073) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

138 Gloucester Road, Room 1801, 18th Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG

Website

http://www.chinagrotech.com

Da Yu Financial Holdings Ltd is an investment holding company and is engaged in providing financial advisory services. It operates in four segments. The corporate finance advisory services include services incidental to financial advisory, compliance advisory services, placing agency and underwriting services, investment business, and others. The Asset management services include investment advisory services and sundry income derived from the provision of the services. The Securities and related services include the provision of securities broking, underwriting, and placing of securities and investment in securities. The money lending business includes the provision of loan financing and related services. The group mainly has operations located in Hong Kong.

Executives

Victory Gain Ventures Limited	2101 Beneficial owner
Asm Connaught House General Partner V Limited	2201 Interest of corporation controlled by you
Asm Connaught House (master) Fund V Lp	2101 Beneficial owner
Chan Kin	2201 Interest of corporation controlled by you
Argyle Street Management Limited	2201 Interest of corporation controlled by you
Xu Haohao	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Lee Seng Huang	2201 Interest of corporation controlled by you
Beyond Global Enterprises Limited	2201 Interest of corporation controlled by you
First Steamship Company Limited	2101 Beneficial owner
Argyle Street Management Holdings Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2201 Interest of corporation controlled by you
Allied Group Limited	2201 Interest of corporation controlled by you
Cheung Kit Shan Susanna	2202 Interest of your spouse
Lee Wa Lun Warren	2101 Beneficial owner

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