Jiu Rong Holdings (HKSE:02358) Receivables Turnover : 0.90 (As of Jun. 2023)

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What is Jiu Rong 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. Jiu Rong Holdings's Revenue for the six months ended in Jun. 2023 was HK$353.4 Mil. Jiu Rong Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$392.5 Mil. Hence, Jiu Rong Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 0.90.

Jiu Rong Holdings Receivables Turnover Historical Data

The historical data trend for Jiu Rong 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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Jiu Rong Holdings Receivables Turnover Chart

Jiu Rong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.00

2.02

2.04

3.10

1.85

Jiu Rong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															1.99	0.50	0.79	0.90	0.90

Competitive Comparison of Jiu Rong Holdings's Receivables Turnover

For the Consumer Electronics subindustry, Jiu Rong 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.

Jiu Rong Holdings's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiu Rong Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiu Rong Holdings's Receivables Turnover falls into.

Jiu Rong Holdings Receivables Turnover Calculation

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

Jiu Rong Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	837.897	/ (	(477.215	+	428.649)	/	2 )
=	837.897	/	452.932
=	1.85

Jiu Rong Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	353.372	/ (	(428.649	+	356.39)	/	2 )
=	353.372	/	392.5195
=	0.90

Jiu Rong Holdings (HKSE:02358) 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.

Jiu Rong Holdings Receivables Turnover Related Terms

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Jiu Rong Holdings (HKSE:02358) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

1 Harbour Road, Flat 8, 49th Floor, Office Tower, Convention Plaza, Wanchai, Hong Kong, HKG

Website

http://www.jiurongkg.com

Jiu Rong Holdings Ltd is an investment holding company. Its Digital Video business segment, which is the key revenue driver, carries out the manufacturing and sales of digital television (TV), high definition liquid crystal display TV, and set-top boxes as well as provision of application of solutions regarding the integration of telecommunication, TV, and internet in the digital audiovisual industry. The other segments of the group are the New energy vehicles business; Cloud Ecological Big Data Business; Properties development, Properties investment and, General Trading. The group has a business presence in the PRC, Hong Kong, and Cuba, of which a majority of revenue is generated from the PRC.

Jiu Rong Holdings (HKSE:02358) Headlines

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