Sinofortune Financial Holdings (HKSE:08123) Receivables Turnover : 175.47 (As of Dec. 2023)

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What is Sinofortune Financial 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. Sinofortune Financial Holdings's Revenue for the three months ended in Dec. 2023 was HK$59.7 Mil. Sinofortune Financial Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$0.3 Mil. Hence, Sinofortune Financial Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 175.47.

Sinofortune Financial Holdings Receivables Turnover Historical Data

The historical data trend for Sinofortune Financial 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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Sinofortune Financial Holdings Receivables Turnover Chart

Sinofortune Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.68

2.90

2.69

77.26

116.91

Sinofortune Financial 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															16.63	22.59	32.06	27.98	175.47

Competitive Comparison of Sinofortune Financial Holdings's Receivables Turnover

For the Capital Markets subindustry, Sinofortune Financial 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.

Sinofortune Financial Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sinofortune Financial Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sinofortune Financial Holdings's Receivables Turnover falls into.

Sinofortune Financial Holdings Receivables Turnover Calculation

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

Sinofortune Financial 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 )
=	166.537	/ (	(2.509	+	0.34)	/	2 )
=	166.537	/	1.4245
=	116.91

Sinofortune Financial 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 )
=	59.661	/ (	(0	+	0.34)	/	1 )
=	59.661	/	0.34
=	175.47

Sinofortune Financial Holdings (HKSE:08123) 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.

Sinofortune Financial Holdings Receivables Turnover Related Terms

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Sinofortune Financial Holdings (HKSE:08123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sinofortune Financial Holdings Ltd (HKSE:08123) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64-66 Connaught Road, 16th Floor, CMA Building, Central, Hong Kong, HKG

Website

http://www.sinofortune.hk

Sinofortune Financial Holdings Ltd along with its subsidiaries is an integrated financial service and parallel-imported motor vehicles supplier in Hong Kong and the People's Republic of China. The Group is engaged in the provision of securities and futures contracts trading services in Hong Kong, trading of listed securities in Hong Kong, and sales of motor vehicles, provision of agency services and accessories sourcing in the PRC.

Executives

Wang Jiawei

2101 Beneficial owner

Sinofortune Financial Holdings (HKSE:08123) Headlines

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