Tu Yi Holding Co (HKSE:01701) Receivables Turnover : 6.61 (As of Dec. 2023)

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What is Tu Yi Holding Co 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. Tu Yi Holding Co's Revenue for the six months ended in Dec. 2023 was HK$71.7 Mil. Tu Yi Holding Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$10.8 Mil. Hence, Tu Yi Holding Co's Receivables Turnover for the six months ended in Dec. 2023 was 6.61.

Tu Yi Holding Co Receivables Turnover Historical Data

The historical data trend for Tu Yi Holding Co'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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Tu Yi Holding Co Receivables Turnover Chart

Tu Yi Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.80

1.83

13.21

22.27

12.00

Tu Yi Holding Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									14.38	9.23	12.38	8.83	6.61

Competitive Comparison of Tu Yi Holding Co's Receivables Turnover

For the Travel Services subindustry, Tu Yi Holding Co'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.

Tu Yi Holding Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tu Yi Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tu Yi Holding Co's Receivables Turnover falls into.

Tu Yi Holding Co Receivables Turnover Calculation

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

Tu Yi Holding Co'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 )
=	101.333	/ (	(0.957	+	15.936)	/	2 )
=	101.333	/	8.4465
=	12.00

Tu Yi Holding Co'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 )
=	71.675	/ (	(5.762	+	15.936)	/	2 )
=	71.675	/	10.849
=	6.61

Tu Yi Holding Co (HKSE:01701) 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.

Tu Yi Holding Co Receivables Turnover Related Terms

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Tu Yi Holding Co (HKSE:01701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tu Yi Holding Co Ltd (HKSE:01701) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1288 Wenyi West Road, Room 813, 8th Floor, Block 4, Cangqian Sub-district, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.tuyigroup.com

Tu Yi Holding Co Ltd is a travel service provider. Its businesses include the Selling of package tours and day tours, Margin income from sales of FIT products, Provision of visa application processing services, Selling of certain ancillary travel-related products and services, Hotel operation and Duty-free shop business. A majority of the income is generated from the sale of package tours and day tour products. The company operates in Mainland China, Taiwan and Japan, out of which Mainland China contributes to the majority of the revenue.

Executives

Pan Wei	2201 Interest of corporation controlled by you
Xu Jiong	2401 A concert party to an agreement to buy shares
Yu Dingxin	2401 A concert party to an agreement to buy shares
King Pan Co., Ltd.	2101 Beneficial owner
York Yu Co., Ltd.	2101 Beneficial owner
Jeffery Xu Co., Ltd.	2101 Beneficial owner
David Xu Co., Ltd.	2101 Beneficial owner

Tu Yi Holding Co (HKSE:01701) Headlines

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