Feiyang International Holdings Group (HKSE:01901) Receivables Turnover : 0.37 (As of Dec. 2023)

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What is Feiyang International Holdings Group 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. Feiyang International Holdings Group's Revenue for the six months ended in Dec. 2023 was HK$61.0 Mil. Feiyang International Holdings Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$165.3 Mil. Hence, Feiyang International Holdings Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.37.

Feiyang International Holdings Group Receivables Turnover Historical Data

The historical data trend for Feiyang International Holdings Group'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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Feiyang International Holdings Group Receivables Turnover Chart

Feiyang International Holdings Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.14

1.54

3.60

4.67

4.86

Feiyang International Holdings Group 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									2.11	0.63	5.08	7.98	0.37

Competitive Comparison of Feiyang International Holdings Group's Receivables Turnover

For the Travel Services subindustry, Feiyang International Holdings Group'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.

Feiyang International Holdings Group's Receivables Turnover Distribution in the Travel & Leisure Industry

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

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

Feiyang International Holdings Group Receivables Turnover Calculation

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

Feiyang International Holdings Group'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 )
=	584.409	/ (	(20.581	+	219.927)	/	2 )
=	584.409	/	120.254
=	4.86

Feiyang International Holdings Group'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 )
=	60.971	/ (	(110.625	+	219.927)	/	2 )
=	60.971	/	165.276
=	0.37

Feiyang International Holdings Group (HKSE:01901) 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.

Feiyang International Holdings Group Receivables Turnover Related Terms

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Feiyang International Holdings Group (HKSE:01901) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Feiyang International Holdings Group Ltd (HKSE:01901) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

(1-140) 30 Dashani Street, Haishu District, Zhejiang, Ningbo, CHN

Website

https://www.iflying.com

Feiyang International Holdings Group Ltd is a travel service provider. It is principally engaged in the design, development and sales of outbound travel package tours; the design, development and sales of FIT Products; and the provision of other ancillary travel-related products and services. The company derives maximum revenue from Sales of package tours. Geographically, it generates a majority of revenue from China.

Executives

He Binfeng	2101 Beneficial owner
Qian Jie	2202 Interest of your spouse
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Qian Jie	2202 Interest of your spouse

Feiyang International Holdings Group (HKSE:01901) Headlines

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