Fu Shou Yuan International Group (HKSE:01448) Receivables Turnover : 8.39 (As of Dec. 2023)

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What is Fu Shou Yuan International Group 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. Fu Shou Yuan International Group's Revenue for the six months ended in Dec. 2023 was HK$1,207 Mil. Fu Shou Yuan International Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$144 Mil. Hence, Fu Shou Yuan International Group's Receivables Turnover for the six months ended in Dec. 2023 was 8.39.

Fu Shou Yuan International Group Receivables Turnover Historical Data

The historical data trend for Fu Shou Yuan International Group'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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Fu Shou Yuan International Group Receivables Turnover Chart

Fu Shou Yuan International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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51.72

32.55

27.43

16.92

18.78

Fu Shou Yuan International Group 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															12.13	7.35	9.11	11.52	8.39

Competitive Comparison of Fu Shou Yuan International Group's Receivables Turnover

For the Personal Services subindustry, Fu Shou Yuan International Group'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.

Fu Shou Yuan International Group's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Fu Shou Yuan International Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fu Shou Yuan International Group's Receivables Turnover falls into.

Fu Shou Yuan International Group Receivables Turnover Calculation

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

Fu Shou Yuan International Group'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 )
=	2874.483	/ (	(153.967	+	152.159)	/	2 )
=	2874.483	/	153.063
=	18.78

Fu Shou Yuan International Group'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 )
=	1206.971	/ (	(135.54	+	152.159)	/	2 )
=	1206.971	/	143.8495
=	8.39

Fu Shou Yuan International Group (HKSE:01448) 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.

Fu Shou Yuan International Group Receivables Turnover Related Terms

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Fu Shou Yuan International Group (HKSE:01448) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Fu Shou Yuan International Group Ltd (HKSE:01448) » Definitions » Receivables Turnover

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FSHUF:USA

Address

No. 88 Cao Xi Road North, Room 1306, Sheng Ai Building, Xuhui District, Shanghai, CHN, 200030

Website

https://www.fsygroup.com

Fu Shou Yuan International Group Ltd is a personal services company that provides burial, funeral, and auxiliary services throughout China. The company derives the vast majority of its revenue from the provision of burial services. Within this business activity, Fu Shou Yuan generates most of its revenue from the sale of primarily customized, artistic, and traditional burial plots. The company also provides cemetery maintenance services for its portfolio of cemeteries within its burial services segment. The majority of Fu Shou Yuan's sales come from the Shanghai region, while the Liaoning province also contributes a sizable percentage of total revenue. Fu Shou Yuan's other divisions are involved in the acquisition and operation of funeral homes and the building of cremation machines.

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