Lvji Technology Holdings (HKSE:01745) Receivables Turnover : 7.08 (As of Dec. 2023)

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What is Lvji Technology 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. Lvji Technology Holdings's Revenue for the six months ended in Dec. 2023 was HK$407.3 Mil. Lvji Technology Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$57.5 Mil. Hence, Lvji Technology Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 7.08.

Lvji Technology Holdings Receivables Turnover Historical Data

The historical data trend for Lvji Technology 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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Lvji Technology Holdings Receivables Turnover Chart

Lvji Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.69

9.07

11.27

8.46

13.92

Lvji Technology Holdings 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									4.58	3.19	5.41	5.32	7.08

Competitive Comparison of Lvji Technology Holdings's Receivables Turnover

For the Travel Services subindustry, Lvji Technology 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.

Lvji Technology Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lvji Technology Holdings's Receivables Turnover distribution charts can be found below:

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

Lvji Technology Holdings Receivables Turnover Calculation

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

Lvji Technology Holdings'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 )
=	640.293	/ (	(32.284	+	59.745)	/	2 )
=	640.293	/	46.0145
=	13.92

Lvji Technology Holdings'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 )
=	407.337	/ (	(55.316	+	59.745)	/	2 )
=	407.337	/	57.5305
=	7.08

Lvji Technology Holdings (HKSE:01745) 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.

Lvji Technology Holdings Receivables Turnover Related Terms

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Lvji Technology Holdings (HKSE:01745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lvji Technology Holdings Inc (HKSE:01745) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 501, 238 Gaotang Road, Tianhe District, Guangzhou, CHN

Website

https://www.lvji.cn

Lvji Technology Holdings Inc is an online tour guide provider. The company deploys software on its cloud system to provide online tour guides with proprietary contents, which include illustrated maps of tourist attractions, editorial contents and voice-over commentaries of points of interest in the tourist attractions and are implemented to include functions such as real time navigation. It generates revenue from sales of online tour guides through OTAs.

Executives

Lu Jia Technology Holdings Limited
Zang Weizhong	2101 Beneficial owner
Mithaq Capital	2201 Interest of corporation controlled by you
Mithaq Capital Spc	2101 Beneficial owner
Mithaq Global	2201 Interest of corporation controlled by you
Zang Weizhong	2101 Beneficial owner
Fan Bao Guo	2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Chun Hua Yong Tai Qi Ye Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Dong Ying Ling Long Jin Shan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Dong Ying Chun Hua Zi Xun Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Sunrise Boulevard Investments Limited	2101 Beneficial owner
Fu Zhekuan	2201 Interest of corporation controlled by you
Shen Zhen Shi Qi Fu Zi Ben Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Qian Fu Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Shi Jie Ming Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you

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