Fire Rock Holdings (HKSE:01909) Receivables Turnover : 3.41 (As of Dec. 2023)

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What is Fire Rock 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. Fire Rock Holdings's Revenue for the six months ended in Dec. 2023 was HK$70.4 Mil. Fire Rock Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$20.6 Mil. Hence, Fire Rock Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.41.

Fire Rock Holdings Receivables Turnover Historical Data

The historical data trend for Fire Rock 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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Fire Rock Holdings Receivables Turnover Chart

Fire Rock Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.94

4.39

17.25

11.83

8.85

Fire Rock Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial														19.19	5.99	7.08	6.56	3.41

Competitive Comparison of Fire Rock Holdings's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Fire Rock 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.

Fire Rock Holdings's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Fire Rock Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fire Rock Holdings's Receivables Turnover falls into.

Fire Rock Holdings Receivables Turnover Calculation

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

Fire Rock 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 )
=	134.927	/ (	(9.832	+	20.645)	/	2 )
=	134.927	/	15.2385
=	8.85

Fire Rock 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 )
=	70.387	/ (	(0	+	20.645)	/	1 )
=	70.387	/	20.645
=	3.41

Fire Rock Holdings (HKSE:01909) 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.

Fire Rock Holdings Receivables Turnover Related Terms

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Fire Rock Holdings (HKSE:01909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Fire Rock Holdings Ltd (HKSE:01909) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Science Park Road, Unit 02–25 Teletech Park, Singapore, SGP, 117674

Website

http://www.firerock.hk

Fire Rock Holdings Ltd is an investment holding company engaged in the development of browser and mobile games. It is also involved in game design, programming, and graphics and licensing game products to other game operators. Its segments are Game & software development and Game operation. The company offers games in different language versions. The games of the company include g-game, number drop, kings and legends, heroines of three kingdoms and hero's crown, and much more. Its geographical segments are the People's Republic of China, Europe, Asia Pacific, and North America.

Executives

Zhang Yan	2201 Interest of corporation controlled by you
Sulfulon International Limited	2101 Beneficial owner
Hu Po	2101 Beneficial owner
Zhang Xiongfeng	2101 Beneficial owner

Fire Rock Holdings (HKSE:01909) Headlines

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