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China Kingstone Mining Holdings (HKSE:01380) Receivables Turnover : 1.00 (As of Dec. 2023)


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What is China Kingstone Mining 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. China Kingstone Mining Holdings's Revenue for the six months ended in Dec. 2023 was HK$47.52 Mil. China Kingstone Mining Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$47.36 Mil. Hence, China Kingstone Mining Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.00.


China Kingstone Mining Holdings Receivables Turnover Historical Data

The historical data trend for China Kingstone Mining 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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China Kingstone Mining Holdings Receivables Turnover Chart

China Kingstone Mining Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.08 1.01 1.01 1.30

China Kingstone Mining 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.42 0.80 0.23 1.00

Competitive Comparison of China Kingstone Mining Holdings's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, China Kingstone Mining 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.


China Kingstone Mining Holdings's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Kingstone Mining Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Kingstone Mining Holdings's Receivables Turnover falls into.



China Kingstone Mining Holdings Receivables Turnover Calculation

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

China Kingstone Mining 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 )
=63.976 / ((71.81 + 26.259) / 2 )
=63.976 / 49.0345
=1.30

China Kingstone Mining 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 )
=47.523 / ((68.468 + 26.259) / 2 )
=47.523 / 47.3635
=1.00

* 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.


China Kingstone Mining Holdings  (HKSE:01380) 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.


China Kingstone Mining Holdings Receivables Turnover Related Terms

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China Kingstone Mining Holdings (HKSE:01380) Business Description

Traded in Other Exchanges
N/A
Address
Zhangjiaba Mine, Zhenjiang Village, Xiangshui County, Sichuan Province, Jiangyou, CHN, 510623
China Kingstone Mining Holdings Ltd is involved in the industrial metals and mining business sector. The company is engaged in the production of marble and produces various products like marble blocks, marble slabs, and marble slags. In terms of revenue, the marble slab product generates maximum revenue for the company. The group's revenue is majorly derived from the PRC.

China Kingstone Mining Holdings (HKSE:01380) Headlines

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