FIT Hon Teng (HKSE:06088) Receivables Turnover : 3.39 (As of Dec. 2023)

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What is FIT Hon Teng 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. FIT Hon Teng's Revenue for the six months ended in Dec. 2023 was HK$18,833 Mil. FIT Hon Teng's average Accounts Receivable for the six months ended in Dec. 2023 was HK$5,560 Mil. Hence, FIT Hon Teng's Receivables Turnover for the six months ended in Dec. 2023 was 3.39.

FIT Hon Teng Receivables Turnover Historical Data

The historical data trend for FIT Hon Teng'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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FIT Hon Teng Receivables Turnover Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.68

4.77

4.73

5.16

5.50

FIT Hon Teng Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											2.95	2.33	3.23	2.68	3.39

Competitive Comparison of FIT Hon Teng's Receivables Turnover

For the Electronic Components subindustry, FIT Hon Teng'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.

FIT Hon Teng's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FIT Hon Teng's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where FIT Hon Teng's Receivables Turnover falls into.

FIT Hon Teng Receivables Turnover Calculation

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

FIT Hon Teng'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 )
=	32766.406	/ (	(5605.519	+	6304.711)	/	2 )
=	32766.406	/	5955.115
=	5.50

FIT Hon Teng'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 )
=	18833.098	/ (	(4815.752	+	6304.711)	/	2 )
=	18833.098	/	5560.2315
=	3.39

FIT Hon Teng (HKSE:06088) 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.

FIT Hon Teng Receivables Turnover Related Terms

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FIT Hon Teng (HKSE:06088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (HKSE:06088) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FITGF:USA 0FJ:Germany

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

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