Edvance International Holdings (HKSE:01410) Receivables Turnover : 1.80 (As of Sep. 2023)

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What is Edvance 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. Edvance International Holdings's Revenue for the six months ended in Sep. 2023 was HK$290.7 Mil. Edvance International Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$161.9 Mil. Hence, Edvance International Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 1.80.

Edvance International Holdings Receivables Turnover Historical Data

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

Edvance International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.32

4.39

5.30

5.09

4.16

Edvance International Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial													2.84	2.38	2.19	2.01	1.80

Competitive Comparison of Edvance International Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, Edvance 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.

Edvance International Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Edvance International Holdings's Receivables Turnover distribution charts can be found below:

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

Edvance International Holdings Receivables Turnover Calculation

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

Edvance International Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	577.494	/ (	(138.751	+	138.751)	/	2 )
=	577.494	/	138.751
=	4.16

Edvance International Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	290.659	/ (	(138.751	+	185.058)	/	2 )
=	290.659	/	161.9045
=	1.80

Edvance International Holdings (HKSE:01410) 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.

Edvance International Holdings Receivables Turnover Related Terms

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Edvance International Holdings (HKSE:01410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edvance International Holdings Ltd (HKSE:01410) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 How Ming Street, 25th Floor, Tower 1, The Millennity, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.edvanceintl.com

Edvance International Holdings Ltd is an investment holding company. The company is engaged in the provision of information technology security products and services. Its Cybersecurity products segment includes network security products, system security products and application and data security products. The cybersecurity services segment is engaged in the provision of technical implementation, maintenance, and support services. Digital assets Financial services and investment business refers to the provision of financial services to customers, venture investment and securities trading by the Group. It generates maximum revenue from the Cybersecurity security products segment. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Liu Yui Ting Raymond	2101 Beneficial owner
Success Vision International Group Limited	2101 Beneficial owner
Earning Gear Inc.	2101 Beneficial owner
Mind Bright Limited	2101 Beneficial owner
Cheng Chui Ying	2202 Interest of your spouse
Lin Fai	2202 Interest of your spouse
Lo Wai Ho Ashley	2201 Interest of corporation controlled by you
Tang Sing Hing Kenny	2201 Interest of corporation controlled by you
Yip Lai Ching	2202 Interest of your spouse
Cheung Mo Chi	2202 Interest of your spouse
Von John	2201 Interest of corporation controlled by you

Edvance International Holdings (HKSE:01410) Headlines

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