China Starch Holdings (HKSE:03838) Receivables Turnover : 37.37 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is China Starch 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. China Starch Holdings's Revenue for the six months ended in Dec. 2023 was HK$6,544 Mil. China Starch Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$175 Mil. Hence, China Starch Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 37.37.

China Starch Holdings Receivables Turnover Historical Data

The historical data trend for China Starch 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.

* Premium members only.

China Starch Holdings Receivables Turnover Chart

China Starch Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

61.22

53.97

69.04

77.83

82.66

China Starch 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															34.45	33.66	35.38	35.02	37.37

Competitive Comparison of China Starch Holdings's Receivables Turnover

For the Packaged Foods subindustry, China Starch 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.

China Starch Holdings's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Starch Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Starch Holdings's Receivables Turnover falls into.

China Starch Holdings Receivables Turnover Calculation

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

China Starch 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 )
=	12903.894	/ (	(162.587	+	149.626)	/	2 )
=	12903.894	/	156.1065
=	82.66

China Starch 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 )
=	6544.31	/ (	(200.643	+	149.626)	/	2 )
=	6544.31	/	175.1345
=	37.37

China Starch Holdings (HKSE:03838) 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.

China Starch Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of China Starch Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Starch Holdings (HKSE:03838) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Starch Holdings Ltd (HKSE:03838) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

39 Gloucester Road, Harcourt House, Room 1101-1104, 11th Floor, Wanchai, Hong Kong, HKG

Website

http://www.chinastarch.com.hk

China Starch Holdings Ltd is an investment holding company. It is principally engaged in the manufacturing and sale of cornstarch, lysine, starch-based sweetener, modified starch and ancillary corn-based and corn-refined products. The company's segments are Upstream products which is engaged in the manufacture and sale of cornstarch and ancillary corn-refined products and Fermented and downstream products which is engaged in the manufacture and sale of lysine, starch-based sweetener, modified starch, and other products.

Executives

Merry Boom Group Limited
Tian Qixiang

China Starch Holdings (HKSE:03838) Headlines

No Headlines