Affluent Foundation Holdings (HKSE:01757) Receivables Turnover : 2.23 (As of Sep. 2024)

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What is Affluent Foundation 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. Affluent Foundation Holdings's Revenue for the six months ended in Sep. 2024 was HK$125.4 Mil. Affluent Foundation Holdings's average Accounts Receivable for the six months ended in Sep. 2024 was HK$56.3 Mil. Hence, Affluent Foundation Holdings's Receivables Turnover for the six months ended in Sep. 2024 was 2.23.

Affluent Foundation Holdings Receivables Turnover Historical Data

The historical data trend for Affluent Foundation 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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Affluent Foundation Holdings Receivables Turnover Chart

Affluent Foundation Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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18.47

16.00

16.73

8.07

3.14

Affluent Foundation Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial													3.72	2.53	2.06	1.19	2.23

Competitive Comparison of Affluent Foundation Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Affluent Foundation 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.

Affluent Foundation Holdings's Receivables Turnover Distribution in the Construction Industry

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

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

Affluent Foundation Holdings Receivables Turnover Calculation

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

Affluent Foundation Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	199.344	/ (	(66.842	+	60.129)	/	2 )
=	199.344	/	63.4855
=	3.14

Affluent Foundation Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	125.442	/ (	(60.129	+	52.483)	/	2 )
=	125.442	/	56.306
=	2.23

Affluent Foundation Holdings (HKSE:01757) 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.

Affluent Foundation Holdings Receivables Turnover Related Terms

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Affluent Foundation Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Affluent Foundation Holdings Ltd (HKSE:01757) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Sha Tsui Road, Unit 903-905, 9th Floor, The Octagon, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.hcho.com.hk

Affluent Foundation Holdings Ltd is a subcontractor engaged in services related to foundation works including excavation and lateral support works, pile caps construction, and other services, such as demolition works, underground drainage works, earthworks, and structural steelworks. It is also engaged in leasing machinery to other construction companies. Geographically the group operates in Hong Kong. It generates revenue through the provision of contracting services.

Executives

Oriental Castle Group Limited	2101 Beneficial owner
Chan Siu Cheong	2201 Interest of corporation controlled by you
Chu Wai Ling	2202 Interest of your spouse

Affluent Foundation Holdings Headlines

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