LH Group (HKSE:01978) Receivables Turnover : 63.28 (As of Jun. 2024)

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What is LH 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. LH Group's Revenue for the six months ended in Jun. 2024 was HK$523 Mil. LH Group's average Accounts Receivable for the six months ended in Jun. 2024 was HK$8 Mil. Hence, LH Group's Receivables Turnover for the six months ended in Jun. 2024 was 63.28.

LH Group Receivables Turnover Historical Data

The historical data trend for LH 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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LH Group Receivables Turnover Chart

LH Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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104.76

144.42

176.31

142.74

136.47

LH Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial												62.79	88.89	89.31	75.03	63.28

Competitive Comparison of LH Group's Receivables Turnover

For the Restaurants subindustry, LH 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.

LH Group's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, LH Group's Receivables Turnover distribution charts can be found below:

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

LH Group Receivables Turnover Calculation

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

LH 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 )
=	1276.771	/ (	(8.538	+	10.174)	/	2 )
=	1276.771	/	9.356
=	136.47

LH Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	522.61	/ (	(10.174	+	6.344)	/	2 )
=	522.61	/	8.259
=	63.28

LH Group (HKSE:01978) 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.

LH Group Receivables Turnover Related Terms

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LH Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » LH Group Ltd (HKSE:01978) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Wang Chiu Road, Unit 03, L22, Tower 1, Enterprise Square Five, Kowloon Bay, Kowloon, HKG

Website

https://www.lhgroup.com.hk

LH Group Ltd is engaged as full-service restaurants operator serving Asian cuisine, including Japanese, Korean, Cantonese and Shanghainese cuisine in Hong Kong. Its segments include Cantonese cuisine - self-owned brands, Asian cuisine - franchised brands, Asian cuisine - self-owned brands, and Sale of food ingredients & others. The majority of its revenue comes from the Asian cuisine - franchised brands segment, which operation of Asian cuisine restaurants under the franchised Gyu-Kaku, On-Yasai, Gyu-Kaku Jinan-Bou and Yoogane brands. It operates primarily in Hong Kong.

Executives

Chan Wai Chun
Lam Kwan Ying
Ko Cheuk Kuen
Ko Sau Chee Grace
Hop Kwan Holdings Limited
Lhg Holdings Limited
Lau Kwong Kwan
Liu Cheung
Liu Chi Hung Peter
Wong Kit Lung Simon
Wong Yiu Hung

LH Group Headlines

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