Altus Holdings (HKSE:08149) Receivables Turnover : 3.62 (As of Sep. 2023)

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What is Altus 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. Altus Holdings's Revenue for the three months ended in Sep. 2023 was HK$12.98 Mil. Altus Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$3.58 Mil. Hence, Altus Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 3.62.

Altus Holdings Receivables Turnover Historical Data

The historical data trend for Altus 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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Altus Holdings Receivables Turnover Chart

Altus Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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11.38

9.72

11.65

11.75

13.21

Altus 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															10.62	13.68	3.23	4.03	3.62

Competitive Comparison of Altus Holdings's Receivables Turnover

For the Conglomerates subindustry, Altus 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.

Altus Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Altus Holdings's Receivables Turnover distribution charts can be found below:

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

Altus Holdings Receivables Turnover Calculation

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

Altus 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 )
=	47.791	/ (	(4.148	+	3.088)	/	2 )
=	47.791	/	3.618
=	13.21

Altus 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 )
=	12.977	/ (	(0	+	3.581)	/	1 )
=	12.977	/	3.581
=	3.62

Altus Holdings (HKSE:08149) 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.

Altus Holdings Receivables Turnover Related Terms

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Altus Holdings (HKSE:08149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Altus Holdings Ltd (HKSE:08149) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Wing Wo Street, Central, Hong Kong, HKG

Website

https://www.altus.com.hk

Altus Holdings Ltd is an investment holding company. It operates in two segments namely Advisory and consulting and Proprietary investments. The company generates maximum revenue from the Proprietary investments segment. The Proprietary investments segment includes leasing of investment properties for residential and commercial use and derives rental income therefrom as well as holding of a portfolio of securities for dividend income and aims for capital gain.

Executives

Flying Castle Limited	2101 Beneficial owner
Kinley-hecico Holdings Limited	2201 Interest of corporation controlled by you
Landmark Trust Switzerland Sa	2201 Interest of corporation controlled by you
Ho Shuk Yee Samantha	2202 Interest of your spouse
Ip Arnold Tin Chee	2501 Other
Chan Kit Lai Cecilia	2307 Founder of a discretionary trust who can infl
Lam Ip Tin Wai Chyvette	2501 Other

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