BetterLife Holding (HKSE:06909) Receivables Turnover : 71.98 (As of Dec. 2024)

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What is BetterLife Holding 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. BetterLife Holding's Revenue for the six months ended in Dec. 2024 was HK$4,768 Mil. BetterLife Holding's average Accounts Receivable for the six months ended in Dec. 2024 was HK$66 Mil. Hence, BetterLife Holding's Receivables Turnover for the six months ended in Dec. 2024 was 71.98.

BetterLife Holding Receivables Turnover Historical Data

The historical data trend for BetterLife Holding'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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BetterLife Holding Receivables Turnover Chart

BetterLife Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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171.46

255.00

199.27

191.88

131.33

BetterLife Holding Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial							103.49	103.02	105.83	84.08	71.98

Competitive Comparison of BetterLife Holding's Receivables Turnover

For the Auto & Truck Dealerships subindustry, BetterLife Holding'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.

BetterLife Holding's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BetterLife Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BetterLife Holding's Receivables Turnover falls into.

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BetterLife Holding Receivables Turnover Calculation

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

BetterLife Holding's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	9337.903	/ (	(59.659	+	82.549)	/	2 )
=	9337.903	/	71.104
=	131.33

BetterLife Holding's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	4768.099	/ (	(49.944	+	82.549)	/	2 )
=	4768.099	/	66.2465
=	71.98

BetterLife Holding (HKSE:06909) 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.

BetterLife Holding Receivables Turnover Related Terms

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BetterLife Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BetterLife Holding Ltd (HKSE:06909) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Donghuan North Road, Beijing Economic and Technological Development Area, Beijing, CHN

Website

https://www.blchina.com

BetterLife Holding Ltd is an automobile dealership service provider in China focusing on luxury and ultra-luxury brands. The company operates dealership stores for the brands Porsche, Mercedes-Benz, BMW, Audi, Bentley, Jaguar-Land Rover, and Volvo. It offers a comprehensive range of automobile-related products and services, including the sale of automobiles consisting of mainly imported and domestically manufactured petroleum models, after-sales services which consist of repair and maintenance services, the sale of accessories and other automobile-related products, insurance agency services and automobile license plate registration services, and it also provides other automobile-related value-added services like automobile financing and pre-owned automobile brokerage services.

Executives

Chou Patrick Hsiao-po	2101 Beneficial owner
Red Dynasty Investments Limited	2101 Beneficial owner
Butterfield Trust (asia) Limited	2301 Trustee
Chou Patrick Hsiao-po	2101 Beneficial owner
Chou Dynasty Holding Co., Ltd	2101 Beneficial owner
Credit Suisse Trust Limited	2101 Beneficial owner
Xingtai Capital Management Limited	2102 Investment manager

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