Kingkey Financial International (Holdings) (HKSE:01468) Receivables Turnover : 0.92 (As of Sep. 2023)

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What is Kingkey Financial 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. Kingkey Financial International (Holdings)'s Revenue for the six months ended in Sep. 2023 was HK$282.4 Mil. Kingkey Financial International (Holdings)'s average Accounts Receivable for the six months ended in Sep. 2023 was HK$306.0 Mil. Hence, Kingkey Financial International (Holdings)'s Receivables Turnover for the six months ended in Sep. 2023 was 0.92.

Kingkey Financial International (Holdings) Receivables Turnover Historical Data

The historical data trend for Kingkey Financial 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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Kingkey Financial International (Holdings) Receivables Turnover Chart

Kingkey Financial International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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0.33

0.46

0.56

0.45

1.11

Kingkey Financial International (Holdings) Semi-Annual Data
	Mar14	Sep14	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															0.22	0.20	0.30	0.75	0.92

Competitive Comparison of Kingkey Financial International (Holdings)'s Receivables Turnover

For the Conglomerates subindustry, Kingkey Financial 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.

Kingkey Financial International (Holdings)'s Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kingkey Financial International (Holdings)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kingkey Financial International (Holdings)'s Receivables Turnover falls into.

Kingkey Financial International (Holdings) Receivables Turnover Calculation

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

Kingkey Financial 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 )
=	331.313	/ (	(309.955	+	284.62)	/	2 )
=	331.313	/	297.2875
=	1.11

Kingkey Financial 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 )
=	282.423	/ (	(284.62	+	327.462)	/	2 )
=	282.423	/	306.041
=	0.92

Kingkey Financial International (Holdings) (HKSE:01468) 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.

Kingkey Financial International (Holdings) Receivables Turnover Related Terms

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Kingkey Financial International (Holdings) (HKSE:01468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kingkey Financial International (Holdings) Ltd (HKSE:01468) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Hok Cheung Street, Hunghom, 902, Harbour Centre, Tower 2, Kowloon, Hong Kong, HKG

Website

https://www.kkgroup.com.hk

Kingkey Financial International (Holdings) Ltd is engaged in the trade of fur skins, fur skins brokerage, mink farming, provision of securities brokerage services, and provision of wealth management services. The operating segments are Securities which involves the operation of securities brokerage, margin financing, underwriting, placing and consultancy services; Insurance brokerage which includes the provision of insurance brokerage and wealth management services; Fur comprising the provision of breeding, farming and sale of livestock and pelted skin, fur skin brokerage and financing services, Asset Management engaged in provision and arrangement of fund management services and assets management services, and Money lending engaged in provision and arrangement of money lending services.

Executives

Kingkey Holdings (international) Limited	2101 Beneficial owner
Chen Jiajun	2201 Interest of corporation controlled by you
Great Return Group Limited	2101 Beneficial owner
East Treasure Enterprises Corporation	2201 Interest of corporation controlled by you
Fong Chu Pong	2201 Interest of corporation controlled by you
Eternity Star Development Limited	2201 Interest of corporation controlled by you
Renhe Holdings Limited	2201 Interest of corporation controlled by you
Chen Jiajun	2201 Interest of corporation controlled by you
Chang Tat Joel	2201 Interest of corporation controlled by you
Lee Cho Man Joe	2201 Interest of corporation controlled by you

Kingkey Financial International (Holdings) (HKSE:01468) Headlines

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