Carote (HKSE:02549) Receivables Turnover : 3.99 (As of Mar. 2024)

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What is Carote 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. Carote's Revenue for the three months ended in Mar. 2024 was HK$317.0 Mil. Carote's average Accounts Receivable for the three months ended in Mar. 2024 was HK$79.4 Mil. Hence, Carote's Receivables Turnover for the three months ended in Mar. 2024 was 3.99.

Carote Receivables Turnover Historical Data

The historical data trend for Carote'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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Carote Receivables Turnover Chart

Carote Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

10.61

12.29

24.30

Carote Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Receivables Turnover	-	-	9.27	-	3.99

Competitive Comparison of Carote's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Carote'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.

Carote's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Carote's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Carote's Receivables Turnover falls into.

Carote Receivables Turnover Calculation

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

Carote'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 )
=	1731.542	/ (	(61.762	+	80.78)	/	2 )
=	1731.542	/	71.271
=	24.30

Carote's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	317.014	/ (	(80.78	+	77.994)	/	2 )
=	317.014	/	79.387
=	3.99

Carote (HKSE:02549) 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.

Carote Receivables Turnover Related Terms

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Carote Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Carote Ltd (HKSE:02549) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shanshui Shidai Building, 21st Floor, Tower 2, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

https://www.mycarote.com

Carote Ltd is a brand for kitchenware products. Its products are built to emphasize Better for Use and Better for Value, aiming to provide its customers with practical, well-designed, and reasonably priced items that promote a modern cooking lifestyle. The company offers a wide range of kitchenware products to consumers. From essential pots and pans to well-designed tableware and beverage containers, its offerings aim to meet the varied needs of different kitchen scenarios and enhance the culinary experience of its customers.

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