Hop Fung Group Holdings (HKSE:02320) Receivables Turnover : 3.26 (As of Dec. 2023)

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What is Hop Fung 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. Hop Fung Group Holdings's Revenue for the six months ended in Dec. 2023 was HK$118.1 Mil. Hop Fung Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$36.2 Mil. Hence, Hop Fung Group Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.26.

Hop Fung Group Holdings Receivables Turnover Historical Data

The historical data trend for Hop Fung 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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Hop Fung Group Holdings Receivables Turnover Chart

Hop Fung Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.45

6.19

5.19

5.59

5.10

Hop Fung Group 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															2.57	2.78	2.98	2.51	3.26

Competitive Comparison of Hop Fung Group Holdings's Receivables Turnover

For the Packaging & Containers subindustry, Hop Fung 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.

Hop Fung Group Holdings's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hop Fung Group Holdings's Receivables Turnover distribution charts can be found below:

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

Hop Fung Group Holdings Receivables Turnover Calculation

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

Hop Fung Group 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 )
=	224.357	/ (	(50.22	+	37.828)	/	2 )
=	224.357	/	44.024
=	5.10

Hop Fung Group 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 )
=	118.125	/ (	(34.532	+	37.828)	/	2 )
=	118.125	/	36.18
=	3.26

Hop Fung Group Holdings (HKSE:02320) 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.

Hop Fung Group Holdings Receivables Turnover Related Terms

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Hop Fung Group Holdings (HKSE:02320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hop Fung Group Holdings Ltd (HKSE:02320) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 57 Sha Tsui Road and Nos. 30-38 Tai Chung Road, Workshops E, F and H, 22nd Floor, Superluck Industrial Centre (Phase 2), Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.hopfunggroup.com

Hop Fung Group Holdings Ltd is principally engaged in the business of manufacturing and sale of corrugated paperware products. The company operates through two segments namely Containerboard and Corrugated packaging. Its Containerboard segment offers corrugating medium and liner board. The Corrugated packaging segment is involved in the production and marketing of corrugated paper boards and carton boxes. It generates key revenue from the Corrugated packaging segment. Geographically, it derives a majority of its revenue from the PRC.

Hop Fung Group Holdings (HKSE:02320) Headlines

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