E Lighting Group Holdings (HKSE:08222) Receivables Turnover : 4.32 (As of Sep. 2023)

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What is E Lighting 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. E Lighting Group Holdings's Revenue for the three months ended in Sep. 2023 was HK$19.65 Mil. E Lighting Group Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$4.55 Mil. Hence, E Lighting Group Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 4.32.

E Lighting Group Holdings Receivables Turnover Historical Data

The historical data trend for E Lighting 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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E Lighting Group Holdings Receivables Turnover Chart

E Lighting Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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111.88

106.45

160.76

232.39

269.38

E Lighting Group 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															62.61	64.77	67.15	89.35	4.32

Competitive Comparison of E Lighting Group Holdings's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, E Lighting 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.

E Lighting Group Holdings's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, E Lighting Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where E Lighting Group Holdings's Receivables Turnover falls into.

E Lighting Group Holdings Receivables Turnover Calculation

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

E Lighting Group 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 )
=	78.927	/ (	(0.367	+	0.219)	/	2 )
=	78.927	/	0.293
=	269.38

E Lighting Group 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 )
=	19.648	/ (	(0	+	4.546)	/	1 )
=	19.648	/	4.546
=	4.32

E Lighting Group Holdings (HKSE:08222) 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.

E Lighting Group Holdings Receivables Turnover Related Terms

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E Lighting Group Holdings (HKSE:08222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » E Lighting Group Holdings Ltd (HKSE:08222) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Wanchai Road, 10th Floor, Tiffan Tower, Wanchai, Hong Kong, HKG

Website

http://www.elighting.asia

E Lighting Group Holdings Ltd is an investment holding company. The group is engaged in retail chain business in lighting, designer label furniture and household products, and wholesale of tableware and giftware. It is organized into two main reportable segments, the Lighting and furniture business and Tableware, giftware and other business. It operates in the following principal geographical areas - Hong Kong, and North America. The group generates most of its revenue from Hong Kong. It derives the majority of its revenue from the Lighting and furniture business segment.

E Lighting Group Holdings (HKSE:08222) Headlines

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