Xtep International Holdings (HKSE:01368) Receivables Turnover : 1.89 (As of Dec. 2023)

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What is Xtep 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. Xtep International Holdings's Revenue for the six months ended in Dec. 2023 was HK$8,557 Mil. Xtep International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$4,531 Mil. Hence, Xtep International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.89.

Xtep International Holdings Receivables Turnover Historical Data

The historical data trend for Xtep 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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Xtep International Holdings Receivables Turnover Chart

Xtep International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.57

3.14

3.45

3.57

3.41

Xtep International Holdings 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															2.17	1.75	2.02	1.70	1.89

Competitive Comparison of Xtep International Holdings's Receivables Turnover

For the Apparel Retail subindustry, Xtep 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.

Xtep International Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Xtep International Holdings's Receivables Turnover distribution charts can be found below:

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

Xtep International Holdings Receivables Turnover Calculation

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

Xtep International 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 )
=	15690.814	/ (	(4254.055	+	4942.132)	/	2 )
=	15690.814	/	4598.0935
=	3.41

Xtep International 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 )
=	8556.71	/ (	(4119.007	+	4942.132)	/	2 )
=	8556.71	/	4530.5695
=	1.89

Xtep International Holdings (HKSE:01368) 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.

Xtep International Holdings Receivables Turnover Related Terms

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Xtep International Holdings (HKSE:01368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Xtep International Holdings Ltd (HKSE:01368) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

XTEPY:USA 4QI:Germany

Address

No. 89 Jiayi Road, Xiamen Xtep Tower, Guanyinshan Siming District, Fujian Province, Xiamen, CHN, 361008

Website

https://www.xtep.com.hk

Xtep International Holdings Ltd owns the Chinese sportswear brand XTEP. The company markets its brand as a stylish professional sports brand with a focus on running gear. Footwear accounts for more than half of the company's revenue. The remaining revenue comes from apparel sales. The company has thousands of XTEP retail stores in China that are primarily operated by the company's distributors or authorized retailers. It also sells online through its website and third-party e-commerce platforms. In addition to China, Xtep has distributors in the Middle East, Europe, and Southeast Asia.

Xtep International Holdings (HKSE:01368) Headlines

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