Shenzhou International Group Holdings (HKSE:02313) Receivables Turnover : 2.76 (As of Dec. 2024)

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What is Shenzhou International Group 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. Shenzhou International Group Holdings's Revenue for the six months ended in Dec. 2024 was HK$16,749 Mil. Shenzhou International Group Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was HK$6,072 Mil. Hence, Shenzhou International Group Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 2.76.

Shenzhou International Group Holdings Receivables Turnover Historical Data

The historical data trend for Shenzhou International Group 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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Shenzhou International Group Holdings Receivables Turnover Chart

Shenzhou International Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.07

6.33

6.28

4.93

5.07

Shenzhou International Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.83	2.39	2.79	2.52	2.76

Competitive Comparison of Shenzhou International Group Holdings's Receivables Turnover

For the Textile Manufacturing subindustry, Shenzhou International Group 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.

Shenzhou International Group Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shenzhou International Group Holdings's Receivables Turnover distribution charts can be found below:

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

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Shenzhou International Group Holdings Receivables Turnover Calculation

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

Shenzhou International Group 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 )
=	30602.618	/ (	(5494.746	+	6567.604)	/	2 )
=	30602.618	/	6031.175
=	5.07

Shenzhou International Group 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 )
=	16748.536	/ (	(5577.322	+	6567.604)	/	2 )
=	16748.536	/	6072.463
=	2.76

Shenzhou International Group Holdings (HKSE:02313) 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.

Shenzhou International Group Holdings Receivables Turnover Related Terms

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Shenzhou International Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhou International Group Holdings Ltd (HKSE:02313) » Definitions » Receivables Turnover

Traded in Other Exchanges

SHZHY:USA S6L:Germany

Address

No. 8 Cheung Yue Street, Unit 2708, 27th Floor, Billion Plaza, Kowloon, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.shenzhouintl.com

Shenzhou is the largest vertically integrated knitwear manufacturer in the world. The group mainly produces sportswear (75% of 2022 revenue), casual wear (21% of revenue), and lingerie (3% of revenue) for international clients such as Nike, Adidas, Puma, and Uniqlo. Mainland China is its largest market, accounting for 26% of sales in 2022. This is followed by Europe, US, and Japan. Shenzhou currently operates manufacturing plants in China, Cambodia, and Vietnam.

Executives

Splendid Steed Investments Limited	2201 Interest of corporation controlled by you
Ma Jianrong	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Schroders Plc	2102 Investment manager
Schroders Plc	2102 Investment manager
Keep Glory Limited	2101 Beneficial owner

Shenzhou International Group Holdings Headlines

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