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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 Come Ride New Energy Group's Revenue for the
six
months ended in Sep. 2024 was HK$15.51 Mil. China Come Ride New Energy Group's average Accounts Receivable for the
six
months ended in Sep. 2024 was HK$7.58 Mil.
Hence, China Come Ride New Energy Group's Receivables Turnover for the
six
months ended in Sep. 2024 was 2.05.
China Come Ride New Energy Group (HKSE:08039) 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 Come Ride New Energy Group Receivables Turnover Related Terms
China Come Ride New Energy Group Receivables Turnover Historical Data
* 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.
China Come Ride New Energy Group Receivables Turnover Chart
HKSE:08039 vs PWR, EME, FIX: Receivables Turnover Comparison
For the Engineering & Construction subindustry, China Come Ride New Energy Group'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 Come Ride New Energy Group Receivables Turnover vs Construction Industry
For the Construction industry and Industrials sector, China Come Ride New Energy Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where China Come Ride New Energy Group's Receivables Turnover falls into.
* 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.
China Come Ride New Energy Group (HKSE:08039) has a Receivables Turnover of 2.05 as of Sep. 2024. The accounts 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. View historical data on China Come Ride New Energy Group and its competitors.
Is China Come Ride New Energy Group's Receivables Turnover too high?
China Come Ride New Energy Group's current Receivables Turnover is 2.05. The Construction industry median Receivables Turnover is 4.80. China Come Ride New Energy Group's value of 2.05 is 57.3% below this industry median. Overall, China Come Ride New Energy Group has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does China Come Ride New Energy Group's Receivables Turnover compare to PWR and EME?
China Come Ride New Energy Group's Receivables Turnover of 2.05 can be compared against companies in the Construction industry. The industry median Receivables Turnover is 4.80. China Come Ride New Energy Group's value of 2.05 is 57.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Construction company?
The median Receivables Turnover among Construction companies is 4.80, based on 1,768 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Come Ride New Energy Group's current Receivables Turnover of 2.05 is 57.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on China Come Ride New Energy Group and its competitors. For the Construction industry, the median Receivables Turnover is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Come Ride New Energy Group's current Receivables Turnover is 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Come Ride New Energy Group stock overvalued right now?
China Come Ride New Energy Group (HKSE:08039) has a current Receivables Turnover of 2.05. The current Receivables Turnover is 2.05 and 57.3% below the Construction industry median of 4.80. China Come Ride New Energy Group's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For China Come Ride New Energy Group (HKSE:08039), the current Receivables Turnover is 2.05 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
China Come Ride New Energy Group Ltd is principally engaged in the provision of comprehensive architectural and structural engineering consultancy services. Its service portfolio comprises licensing consultancy, alteration and addition works and minor works consultancy, inspection and certification, and other architecture-related consultancies. The Company's revenue is generated from the contract revenue from the provision of comprehensive architectural and structural engineering consultancy services in Hong Kong, including licensing consultancy, alteration and addition works and minor works consultancy, inspection and certification, and other architectural-related consultancies.
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