China Rongzhong Financial Holdings Co (HKSE:03963) Receivables Turnover : 7.34 (As of Sep. 2023)

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What is China Rongzhong Financial Holdings Co 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 Rongzhong Financial Holdings Co's Revenue for the six months ended in Sep. 2023 was HK$49.20 Mil. China Rongzhong Financial Holdings Co's average Accounts Receivable for the six months ended in Sep. 2023 was HK$6.70 Mil. Hence, China Rongzhong Financial Holdings Co's Receivables Turnover for the six months ended in Sep. 2023 was 7.34.

China Rongzhong Financial Holdings Co Receivables Turnover Historical Data

The historical data trend for China Rongzhong Financial Holdings Co'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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China Rongzhong Financial Holdings Co Receivables Turnover Chart

China Rongzhong Financial Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.20

14.73

China Rongzhong Financial Holdings Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial													1.15	4.12	6.83	6.93	7.34

Competitive Comparison of China Rongzhong Financial Holdings Co's Receivables Turnover

For the Credit Services subindustry, China Rongzhong Financial Holdings Co'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 Rongzhong Financial Holdings Co's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Rongzhong Financial Holdings Co's Receivables Turnover distribution charts can be found below:

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

China Rongzhong Financial Holdings Co Receivables Turnover Calculation

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

China Rongzhong Financial Holdings Co'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 )
=	84.833	/ (	(6.754	+	4.765)	/	2 )
=	84.833	/	5.7595
=	14.73

China Rongzhong Financial Holdings Co'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 )
=	49.197	/ (	(4.765	+	8.641)	/	2 )
=	49.197	/	6.703
=	7.34

China Rongzhong Financial Holdings Co (HKSE:03963) 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 Rongzhong Financial Holdings Co Receivables Turnover Related Terms

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China Rongzhong Financial Holdings Co (HKSE:03963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Rongzhong Financial Holdings Co Ltd (HKSE:03963) » Definitions » Receivables Turnover

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Address

89 Queensway, Unit 3901, 39th floor, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.chinarzfh.com

China Rongzhong Financial Holdings Co Ltd provides financial leasing services in the People's Republic of China. It operates in two segments Leasing services which include direct leasing and operating lease; and Debt collection and credit investigation services. It also provides advisory and consultancy services to its finance lease customers. Its revenue is derived from advisory income and interest income from the loan, government incentives, and bank interest income. The majority of the company's revenue from operations is derived from the People's Republic of China.

Executives

Goldbond Group Holdings Limited	2101 Beneficial owner
Wong Yu Lung, Charles	2301 Trustee
Wong Fang Pik Chun	2301 Trustee
Kwok Gareth Wing-sien	2202 Interest of your spouse
Wong Yatyee Michelle	2305 Beneficiary of a trust
Wong Jacqueline Yue Yee	2305 Beneficiary of a trust
Xie Xiaoqing
Yong Hua International Limited
Perfect Honour Limited	2101 Beneficial owner
Yeung Nam	2202 Interest of your spouse
Lee Cheuk Yin Dannis	2101 Beneficial owner
Zhao John Huan	2201 Interest of corporation controlled by you
Silver Creation Investments Limited	2101 Beneficial owner
Hony Managing Partners Limited	2201 Interest of corporation controlled by you
Hony Group Management Limited	2201 Interest of corporation controlled by you

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