Yoho Group Holdings (HKSE:02347) Receivables Turnover : 55.10 (As of Sep. 2023)

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What is Yoho 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. Yoho Group Holdings's Revenue for the six months ended in Sep. 2023 was HK$396.3 Mil. Yoho Group Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$7.2 Mil. Hence, Yoho Group Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 55.10.

Yoho Group Holdings Receivables Turnover Historical Data

The historical data trend for Yoho 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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Yoho Group Holdings Receivables Turnover Chart

Yoho Group Holdings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

38.30

70.31

106.37

115.54

116.20

Yoho Group Holdings Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			57.69	57.83	66.99	64.09	55.10

Competitive Comparison of Yoho Group Holdings's Receivables Turnover

For the Specialty Retail subindustry, Yoho 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.

Yoho Group Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Yoho Group Holdings's Receivables Turnover distribution charts can be found below:

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

Yoho Group Holdings Receivables Turnover Calculation

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

Yoho Group Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	855.076	/ (	(7.701	+	7.016)	/	2 )
=	855.076	/	7.3585
=	116.20

Yoho Group Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	396.278	/ (	(7.016	+	7.369)	/	2 )
=	396.278	/	7.1925
=	55.10

Yoho Group Holdings (HKSE:02347) 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.

Yoho Group Holdings Receivables Turnover Related Terms

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Yoho Group Holdings (HKSE:02347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yoho Group Holdings Ltd (HKSE:02347) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 Hung To Road, 9A, Bamboos Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.yohohongkong.com

Yoho Group Holdings Ltd is involved in the provision of both online and offline e-commerce retail services and offline wholesale and trading of consumer electronics and home appliances. Geographically the company earns the majority of its revenue from Hong Kong and also has a presence in the People's Republic of China.

Executives

Tsui Ka Wing	2101 Beneficial owner
Wu Faat Chi	2101 Beneficial owner
The Mearas Venture Limited	2101 Beneficial owner
The Wings Venture Limited	2101 Beneficial owner
Beyond I Capital Ltd	2201 Interest of corporation controlled by you
Beyond Ventures I Fund L.p.	2201 Interest of corporation controlled by you
Biz Cloud Investments Limited	2101 Beneficial owner

Yoho Group Holdings (HKSE:02347) Headlines

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