Tongda Hong Tai Holdings (HKSE:02363) Receivables Turnover : 0.97 (As of Jun. 2024)

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What is Tongda Hong Tai 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. Tongda Hong Tai Holdings's Revenue for the six months ended in Jun. 2024 was HK$21.18 Mil. Tongda Hong Tai Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$21.90 Mil. Hence, Tongda Hong Tai Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 0.97.

Tongda Hong Tai Holdings Receivables Turnover Historical Data

The historical data trend for Tongda Hong Tai 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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Tongda Hong Tai Holdings Receivables Turnover Chart

Tongda Hong Tai Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.98

1.83

1.33

2.06

1.97

Tongda Hong Tai Holdings Semi-Annual Data
	Dec14	Dec15	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														1.05	0.95	1.20	0.97	1.92

Competitive Comparison of Tongda Hong Tai Holdings's Receivables Turnover

For the Electronic Components subindustry, Tongda Hong Tai 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.

Tongda Hong Tai Holdings's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Tongda Hong Tai Holdings's Receivables Turnover falls into.

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Tongda Hong Tai Holdings Receivables Turnover Calculation

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

Tongda Hong Tai 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 )
=	91.259	/ (	(56.681	+	31.885)	/	2 )
=	91.259	/	44.283
=	2.06

Tongda Hong Tai Holdings's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	21.181	/ (	(31.885	+	11.913)	/	2 )
=	21.181	/	21.899
=	0.97

Tongda Hong Tai Holdings (HKSE:02363) 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.

Tongda Hong Tai Holdings Receivables Turnover Related Terms

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Tongda Hong Tai Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tongda Hong Tai Holdings Ltd (HKSE:02363) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Room 1203, 12th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.tongdahongtai.com

Tongda Hong Tai Holdings Ltd is an investment holding company. The group is involved in the manufacture and sale of casings of laptop and tablets. Geographically, all the activities are carried out through the region of Mainland China.

Executives

Landmark Worldwide Holdings Limited	2101 Beneficial owner
Dashing Vision Limited	2101 Beneficial owner
Wang Ya Nan	2201 Interest of corporation controlled by you
Wong Ah Yeung	2201 Interest of corporation controlled by you
Wong Ah Yu	2201 Interest of corporation controlled by you
Wang Ya Hua	2201 Interest of corporation controlled by you
E-growth Resources Limited	2101 Beneficial owner

Tongda Hong Tai Holdings Headlines

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