International Housewares Retail Co (HKSE:01373) Receivables Turnover : 87.81 (As of Oct. 2023)

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What is International Housewares Retail Co 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. International Housewares Retail Co's Revenue for the six months ended in Oct. 2023 was HK$1,322 Mil. International Housewares Retail Co's average Accounts Receivable for the six months ended in Oct. 2023 was HK$15 Mil. Hence, International Housewares Retail Co's Receivables Turnover for the six months ended in Oct. 2023 was 87.81.

International Housewares Retail Co Receivables Turnover Historical Data

The historical data trend for International Housewares Retail Co'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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International Housewares Retail Co Receivables Turnover Chart

International Housewares Retail Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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57.23

240.48

247.09

251.25

149.81

International Housewares Retail Co Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															88.26	93.65	105.53	79.45	87.81

Competitive Comparison of International Housewares Retail Co's Receivables Turnover

For the Specialty Retail subindustry, International Housewares Retail Co'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.

International Housewares Retail Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where International Housewares Retail Co's Receivables Turnover falls into.

International Housewares Retail Co Receivables Turnover Calculation

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

International Housewares Retail Co's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	2825.994	/ (	(13.888	+	23.839)	/	2 )
=	2825.994	/	18.8635
=	149.81

International Housewares Retail Co's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	1322.485	/ (	(23.839	+	6.283)	/	2 )
=	1322.485	/	15.061
=	87.81

International Housewares Retail Co (HKSE:01373) 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.

International Housewares Retail Co Receivables Turnover Related Terms

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International Housewares Retail Co (HKSE:01373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » International Housewares Retail Co Ltd (HKSE:01373) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southmark, 11 Yip Hing Street, 20th Floor, Tower B, Wong Chuk Hang, Hong Kong, HKG

Website

http://www.ihr.com.hk

International Housewares Retail Co Ltd and its subsidiaries are houseware retail chains in Hong Kong, Singapore, and Macau. The group offers houseware products through a retail network comprising stores in Hong Kong, Singapore, Macau, Cambodia, East Malaysia, Saudi Arabia and Australia under brands including Japan Home Centre, City Life, Epo gifts and stationery, 123 by ELLA, and Japan Home. The group has reportable operating segments namely Retail, Wholesales, Licensing and others. Hong Kong is the key market of the group, accounting for majorly of its total revenue. It generates the majority of its revenue from the Retail segment.

International Housewares Retail Co (HKSE:01373) Headlines

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