Twintek Investment Holdings (HKSE:06182) Receivables Turnover : 3.06 (As of Sep. 2024)

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What is Twintek 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. Twintek Investment Holdings's Revenue for the six months ended in Sep. 2024 was HK$68.7 Mil. Twintek Investment Holdings's average Accounts Receivable for the six months ended in Sep. 2024 was HK$22.4 Mil. Hence, Twintek Investment Holdings's Receivables Turnover for the six months ended in Sep. 2024 was 3.06.

Twintek Investment Holdings Receivables Turnover Historical Data

The historical data trend for Twintek 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.

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Twintek Investment Holdings Receivables Turnover Chart

Twintek Investment Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.50

13.34

10.67

3.83

2.09

Twintek Investment Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial													2.89	1.20	1.41	2.13	3.06

Competitive Comparison of Twintek Investment Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Twintek 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.

Twintek Investment Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Twintek Investment Holdings's Receivables Turnover distribution charts can be found below:

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

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Twintek Investment Holdings Receivables Turnover Calculation

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

Twintek Investment Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	102.54	/ (	(68.063	+	30.29)	/	2 )
=	102.54	/	49.1765
=	2.09

Twintek Investment Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	68.709	/ (	(30.29	+	14.595)	/	2 )
=	68.709	/	22.4425
=	3.06

Twintek Investment Holdings (HKSE:06182) 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.

Twintek Investment Holdings Receivables Turnover Related Terms

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Twintek Investment Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Twintek Investment Holdings Ltd (HKSE:06182) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1065 King's Road, Quarry Bay, Room 806, 8th Floor, Eastern Centre, Hong Kong, HKG

Website

https://www.kwantaieng.com

Twintek Investment Holdings Ltd is a building materials contractor. The company offers building materials and relevant installation services mainly in Hong Kong. Its products include timber flooring products; interior wall-fill materials, in particular, gypsum block, plasterboard and drywall partition products, interior composite panel lining, in particular, SPC wall panels, demountable partition system, and roof tiles. The Group's revenue was generated from two segments of Construction contracts including the provision of construction and engineering services, Sales of building materials including trading of building materials. A majority of revenue is generated from the Construction contract segment. The group's operations are located in Hong Kong.

Executives

Helios Enterprise Holding Limited	2101 Beneficial owner
Fung Pik Mei	2202 Interest of your spouse
Lo Wing Cheung	2201 Interest of corporation controlled by you

Twintek Investment Holdings Headlines

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