CTR Holdings (HKSE:01416) Receivables Turnover : 5.97 (As of Aug. 2023)

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What is CTR 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. CTR Holdings's Revenue for the six months ended in Aug. 2023 was HK$351.5 Mil. CTR Holdings's average Accounts Receivable for the six months ended in Aug. 2023 was HK$58.8 Mil. Hence, CTR Holdings's Receivables Turnover for the six months ended in Aug. 2023 was 5.97.

CTR Holdings Receivables Turnover Historical Data

The historical data trend for CTR 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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CTR Holdings Receivables Turnover Chart

CTR Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Receivables Turnover

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12.73

13.18

6.66

13.38

9.47

CTR Holdings Semi-Annual Data
	Feb17	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Receivables Turnover	Get a 7-Day Free Trial							7.66	7.60	4.01	5.68	5.97

Competitive Comparison of CTR Holdings's Receivables Turnover

For the Engineering & Construction subindustry, CTR 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.

CTR Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, CTR Holdings's Receivables Turnover distribution charts can be found below:

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

CTR Holdings Receivables Turnover Calculation

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

CTR Holdings's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	528.766	/ (	(59.78	+	51.86)	/	2 )
=	528.766	/	55.82
=	9.47

CTR Holdings's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	351.459	/ (	(51.86	+	65.822)	/	2 )
=	351.459	/	58.841
=	5.97

CTR Holdings (HKSE:01416) 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.

CTR Holdings Receivables Turnover Related Terms

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CTR Holdings (HKSE:01416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CTR Holdings Ltd (HKSE:01416) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Woodlands Close No. 08-11/12, Primz Bizhub, Singapore, SGP, 737854

Website

https://www.ctrholdings.com

CTR Holdings Ltd is an investment holding company. The company focuses on the provision of structural engineering works and wet architectural works services. The company generates maximum revenue from Structural engineering works. Geographically, the company derives revenue from Singapore. The Structural engineering works services of the company include reinforced concrete works which include steel reinforcement works, formwork erection and concrete works, and Precast installation works while the Wet architectural works services include Masonry building works; Plastering and screeding works; Tiling works and Waterproofing works.

Executives

Brave Ocean Limited	2101 Beneficial owner
Gou Shuzhen	2103 Interests held jointly with another person
Le Thi Minh Tam	2202 Interest of your spouse
Lin Qingling	2202 Interest of your spouse
Xu Junjie	2202 Interest of your spouse
Xu Tiancheng	2201 Interest of corporation controlled by you
Xu Xuping	2201 Interest of corporation controlled by you

CTR Holdings (HKSE:01416) Headlines

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