Hang Tai Yue Group Holdings (HKSE:08081) Receivables Turnover : 5.67 (As of Dec. 2023)

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What is Hang Tai Yue Group 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. Hang Tai Yue Group Holdings's Revenue for the three months ended in Dec. 2023 was HK$19.44 Mil. Hang Tai Yue Group Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$3.43 Mil. Hence, Hang Tai Yue Group Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 5.67.

Hang Tai Yue Group Holdings Receivables Turnover Historical Data

The historical data trend for Hang Tai Yue Group 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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Hang Tai Yue Group Holdings Receivables Turnover Chart

Hang Tai Yue Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.75

6.11

12.34

26.74

20.14

Hang Tai Yue Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															6.38	6.71	9.64	7.37	5.67

Competitive Comparison of Hang Tai Yue Group Holdings's Receivables Turnover

For the Information Technology Services subindustry, Hang Tai Yue Group 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.

Hang Tai Yue Group Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Hang Tai Yue Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hang Tai Yue Group Holdings's Receivables Turnover falls into.

Hang Tai Yue Group Holdings Receivables Turnover Calculation

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

Hang Tai Yue Group Holdings'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 )
=	64.587	/ (	(2.989	+	3.426)	/	2 )
=	64.587	/	3.2075
=	20.14

Hang Tai Yue Group Holdings'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	19.44	/ (	(0	+	3.426)	/	1 )
=	19.44	/	3.426
=	5.67

Hang Tai Yue Group Holdings (HKSE:08081) 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.

Hang Tai Yue Group Holdings Receivables Turnover Related Terms

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Hang Tai Yue Group Holdings (HKSE:08081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hang Tai Yue Group Holdings Ltd (HKSE:08081) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 241-243 Nathan Road, 9th Floor, HKHC Tower, Kowloon, Hong Kong, HKG

Website

https://www.hangtaiyue.com

Hang Tai Yue Group Holdings Ltd is an investment holding company mainly engaged in the mobile internet cultural business and provision of information technology (IT) services. The Company operates its business through four segments. The Mobile Internet Cultural Business and Provision of IT Services segment is engaged in the provision of enterprise software applications and platform, as well as mobile internet applications and platform development outsourcing services, mainframe downsizing, application localization and systems integration. The Provision of Hospitality and Related Services in Australia segment is engaged in the hospitality business through its granges and resorts in Australia. The Money lending Business segment is engaged in the money lending business in Hong Kong.

Executives

King's Group Capital Limited	2101 Beneficial owner
Ng Ting Kit	2101 Beneficial owner

Hang Tai Yue Group Holdings (HKSE:08081) Headlines

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