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China Oriented International Holdings (HKSE:01871) Receivables Turnover : 193.69 (As of Dec. 2024)


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What is China Oriented 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. China Oriented International Holdings's Revenue for the six months ended in Dec. 2024 was HK$15.11 Mil. China Oriented International Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was HK$0.08 Mil. Hence, China Oriented International Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 193.69.


China Oriented International Holdings Receivables Turnover Historical Data

The historical data trend for China Oriented 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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China Oriented International Holdings Receivables Turnover Chart

China Oriented International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 183.52 196.00 522.60 793.16 599.70

China Oriented International Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.49 210.02 163.66 307.65 193.69

Competitive Comparison of China Oriented International Holdings's Receivables Turnover

For the Education & Training Services subindustry, China Oriented 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.


China Oriented International Holdings's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Oriented International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Oriented International Holdings's Receivables Turnover falls into.


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China Oriented International Holdings Receivables Turnover Calculation

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

China Oriented International Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=34.483 / ((0.043 + 0.072) / 2 )
=34.483 / 0.0575
=599.70

China Oriented International Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=15.108 / ((0.084 + 0.072) / 2 )
=15.108 / 0.078
=193.69

* 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.


China Oriented International Holdings  (HKSE:01871) 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.


China Oriented International Holdings Receivables Turnover Related Terms

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China Oriented International Holdings Business Description

Traded in Other Exchanges
N/A
Address
Baililiu Village, Zhutang Township, Suiping Count, Henan Province, Zhumadian, CHN
China Oriented International Holdings Ltd is engaged in providing driving training services. It has two driving schools, namely, Shun Da School and Tong Tai School. Shun Da School offers driving training services for preparation for Driving Tests of small manual cars and Tong Tai School is a qualified level I driving school offering driving training services for preparation for driving tests of both Large Vehicles and Small Vehicles. The Group's operation is regarded as one reportable and operating segment which is provision of driving training services. All of the group's revenue is derived from the PRC.
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