LFG Investment Holdings (HKSE:03938) Receivables Turnover : 0.47 (As of Sep. 2023)

View and export this data going back to 2019. Start your Free Trial

What is LFG Investment 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. LFG Investment Holdings's Revenue for the six months ended in Sep. 2023 was HK$63.61 Mil. LFG Investment Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$136.05 Mil. Hence, LFG Investment Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 0.47.

LFG Investment Holdings Receivables Turnover Historical Data

The historical data trend for LFG Investment 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.

LFG Investment Holdings Receivables Turnover Chart

LFG Investment Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

8.92

1.36

0.82

0.60

0.35

LFG Investment Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial								0.36	0.20	0.18	0.19	0.47

Competitive Comparison of LFG Investment Holdings's Receivables Turnover

For the Capital Markets subindustry, LFG Investment 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.

LFG Investment Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, LFG Investment Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where LFG Investment Holdings's Receivables Turnover falls into.

LFG Investment Holdings Receivables Turnover Calculation

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

LFG Investment 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 )
=	46.873	/ (	(128.925	+	137.607)	/	2 )
=	46.873	/	133.266
=	0.35

LFG Investment 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 )
=	63.607	/ (	(137.607	+	134.485)	/	2 )
=	63.607	/	136.046
=	0.47

LFG Investment Holdings (HKSE:03938) 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.

LFG Investment Holdings Receivables Turnover Related Terms

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

LFG Investment Holdings (HKSE:03938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LFG Investment Holdings Ltd (HKSE:03938) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Queen’s Road Central, Room 1601, 16th Floor China Building, Hong Kong, HKG

Website

https://www.legogroup.hk/en/index.php

LFG Investment Holdings Ltd is a financial services provider in Hong Kong, that engages in the provision of corporate finance advisory services; underwriting services; securities dealing and brokerage services; securities financing services; and asset management services. The company generates maximum revenue from Corporate finance advisory services.

Executives

Mui Ho Cheung Gary	2101 Beneficial owner
Ki Sin Yee Cindy
Lego Financial Group Limited	2101 Beneficial owner
Wong Wing Shing	2101 Beneficial owner

LFG Investment Holdings (HKSE:03938) Headlines

No Headlines