Sterling Group Holdings (HKSE:01825) Receivables Turnover : 2.17 (As of Sep. 2024)

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What is Sterling Group 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. Sterling Group Holdings's Revenue for the six months ended in Sep. 2024 was HK$273.6 Mil. Sterling Group Holdings's average Accounts Receivable for the six months ended in Sep. 2024 was HK$126.0 Mil. Hence, Sterling Group Holdings's Receivables Turnover for the six months ended in Sep. 2024 was 2.17.

Sterling Group Holdings Receivables Turnover Historical Data

The historical data trend for Sterling Group 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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Sterling Group Holdings Receivables Turnover Chart

Sterling Group Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.07

2.65

3.42

5.60

5.15

Sterling Group Holdings Semi-Annual Data
	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												2.90	2.76	3.15	2.17	2.17

Competitive Comparison of Sterling Group Holdings's Receivables Turnover

For the Apparel Manufacturing subindustry, Sterling Group 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.

Sterling Group Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sterling Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sterling Group Holdings's Receivables Turnover falls into.

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Sterling Group Holdings Receivables Turnover Calculation

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

Sterling Group 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 )
=	571.391	/ (	(98.306	+	123.631)	/	2 )
=	571.391	/	110.9685
=	5.15

Sterling Group 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 )
=	273.587	/ (	(123.631	+	128.429)	/	2 )
=	273.587	/	126.03
=	2.17

Sterling Group Holdings (HKSE:01825) 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.

Sterling Group Holdings Receivables Turnover Related Terms

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Sterling Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sterling Group Holdings Ltd (HKSE:01825) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Sheung Hei Street, 18th - 19th Floor, Win Plaza, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.sterlingapparel.com.hk

Sterling Group Holdings Ltd is an apparel manufacturer headquartered in Hong Kong providing a one-stop apparel manufacturing solution for its customers. Its products include outerwear, tops, bottoms, dresses, suits, gowns, scarf, jumpsuits, and vests among others. The company operates through two segments: Manufacturing and trading of apparel products and Licensing of trademarks for licensing income. It generates the majority of its revenue from the Manufacturing and trading of apparel products. Its geographic areas are Hong Kong, the United States, Italy, and Others.

Executives

Fetar Investment Limited	2101 Beneficial owner
Zhenda Investment Limited	2101 Beneficial owner
Moonlight Global Holdings Limited	2101 Beneficial owner
Siu Chi Wai	2201 Interest of corporation controlled by you
Wong Mei Wai Alice	2202 Interest of your spouse
Sesame Capital	2102 Investment manager

Sterling Group Holdings Headlines

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