EFT Solutions Holdings (HKSE:08062) Receivables Turnover : 0.87 (As of Sep. 2023)

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What is EFT Solutions 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. EFT Solutions Holdings's Revenue for the three months ended in Sep. 2023 was HK$29.2 Mil. EFT Solutions Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$33.5 Mil. Hence, EFT Solutions Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 0.87.

EFT Solutions Holdings Receivables Turnover Historical Data

The historical data trend for EFT Solutions 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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EFT Solutions Holdings Receivables Turnover Chart

EFT Solutions Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.75

2.65

3.01

2.86

3.25

EFT Solutions Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.70	0.84	0.95	0.83	0.87

Competitive Comparison of EFT Solutions Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, EFT Solutions 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.

EFT Solutions Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, EFT Solutions Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where EFT Solutions Holdings's Receivables Turnover falls into.

EFT Solutions Holdings Receivables Turnover Calculation

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

EFT Solutions Holdings'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 )
=	111.347	/ (	(39.757	+	28.847)	/	2 )
=	111.347	/	34.302
=	3.25

EFT Solutions Holdings'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: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	29.174	/ (	(0	+	33.473)	/	1 )
=	29.174	/	33.473
=	0.87

EFT Solutions Holdings (HKSE:08062) 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.

EFT Solutions Holdings Receivables Turnover Related Terms

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EFT Solutions Holdings (HKSE:08062) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EFT Solutions Holdings Ltd (HKSE:08062) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

28-36 Kwai Fung Crescent, Workshops B1 & B3, 11th Floor, Yip Fung Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.eftsolutions.com

EFT Solutions Holdings Ltd is engaged in the sourcing of electronic fund transfer point-of-sale (EFT-POS) solution providers focusing on the sourcing of EFT-POS terminals and peripheral devices and the provision of EFT-POS system support services in Hong Kong. Its segments consist of Sales of hardware devices, System support and software solution services. The majority of the revenue is derived from the provision of system support, software solution services, POS software solutions services and embedded system solution services.

Executives

Lam Ching Man	2202 Interest of your spouse
Lo Chun Kit Andrew	2101 Beneficial owner
Lck Group Limited	2101 Beneficial owner

EFT Solutions Holdings (HKSE:08062) Headlines

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