NVC International Holdings (HKSE:02222) Receivables Turnover : 2.30 (As of Dec. 2023)

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What is NVC 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. NVC International Holdings's Revenue for the six months ended in Dec. 2023 was HK$913 Mil. NVC International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$398 Mil. Hence, NVC International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.30.

NVC International Holdings Receivables Turnover Historical Data

The historical data trend for NVC 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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NVC International Holdings Receivables Turnover Chart

NVC International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.65

4.48

4.86

4.51

5.00

NVC International Holdings Semi-Annual Data
	Jun14	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															2.58	2.47	2.45	2.44	2.30

Competitive Comparison of NVC International Holdings's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, NVC 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.

NVC International Holdings's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, NVC International Holdings's Receivables Turnover distribution charts can be found below:

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

NVC International Holdings Receivables Turnover Calculation

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

NVC International 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 )
=	1842.941	/ (	(352.126	+	384.383)	/	2 )
=	1842.941	/	368.2545
=	5.00

NVC International 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 )
=	913.309	/ (	(410.927	+	384.383)	/	2 )
=	913.309	/	397.655
=	2.30

NVC International Holdings (HKSE:02222) 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.

NVC International Holdings Receivables Turnover Related Terms

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NVC International Holdings (HKSE:02222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » NVC International Holdings Ltd (HKSE:02222) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase 3, Hong Kong Science Park, Unit 705, 7th Floor, Building 20E, Pak Shek Kok, Hong Kong, HKG

Website

https://www.nvc-international.com

NVC International Holdings Ltd is engaged in the lighting industry. Its segment includes NVC brand lighting products - international market, Non-NVC brand lighting products - domestic market, and Non-NVC brand lighting products - international market It offers lighting solutions to hospitality, commercial, and corporate projects across varied industries sectors. The products offered by the company include LED Floodlights, LED Inground lights, LED Under canopy lighting, and LED Linear lighting among others. majority of the revenue of the company is generated from the United States.

Executives

Harbour Faith Enterprises Limited	2101 Beneficial owner
Chan Sin Wa Carrie	2201 Interest of corporation controlled by you
Gold Interact Investment Limited	2106 Person having a security interest in shares
Su Lixin	2101 Beneficial owner
Ye Yong
Canopy Capital Limited	2101 Beneficial owner
Harker Hall Capital Ltd.	2201 Interest of corporation controlled by you
Leap Gain Limited	2201 Interest of corporation controlled by you
Oneworld Legend Limited	2201 Interest of corporation controlled by you
Wang Keven Dun	2201 Interest of corporation controlled by you
Elec-tech International (hk) Co Ltd	2101 Beneficial owner
An Hui De Hao Run Da Dian Qi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Su Lixin	2101 Beneficial owner
Zhao Yu
Cai Sheng You Xian Gong Si

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