Zhejiang United Investment Holdings Group (HKSE:08366) Receivables Turnover : 3.06 (As of Oct. 2023)

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What is Zhejiang United Investment Holdings Group 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. Zhejiang United Investment Holdings Group's Revenue for the three months ended in Oct. 2023 was HK$78.1 Mil. Zhejiang United Investment Holdings Group's average Accounts Receivable for the three months ended in Oct. 2023 was HK$25.6 Mil. Hence, Zhejiang United Investment Holdings Group's Receivables Turnover for the three months ended in Oct. 2023 was 3.06.

Zhejiang United Investment Holdings Group Receivables Turnover Historical Data

The historical data trend for Zhejiang United Investment Holdings Group'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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Zhejiang United Investment Holdings Group Receivables Turnover Chart

Zhejiang United Investment Holdings Group Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Receivables Turnover

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6.07

4.25

7.70

7.01

8.71

Zhejiang United Investment Holdings Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Apr24
Receivables Turnover	Get a 7-Day Free Trial															5.01	1.88	1.40	3.06	-

Competitive Comparison of Zhejiang United Investment Holdings Group's Receivables Turnover

For the Engineering & Construction subindustry, Zhejiang United Investment Holdings Group'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.

Zhejiang United Investment Holdings Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang United Investment Holdings Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang United Investment Holdings Group's Receivables Turnover falls into.

Zhejiang United Investment Holdings Group Receivables Turnover Calculation

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

Zhejiang United Investment Holdings Group's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

	Receivables Turnover (A: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2024 )	/ (	(Accounts Receivable (A: Apr. 2023 )	+	Accounts Receivable (A: Apr. 2024 ))	/	count )
=	302.095	/ (	(41.717	+	27.648)	/	2 )
=	302.095	/	34.6825
=	8.71

Zhejiang United Investment Holdings Group's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	78.142	/ (	(0	+	25.565)	/	1 )
=	78.142	/	25.565
=	3.06

Zhejiang United Investment Holdings Group (HKSE:08366) 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.

Zhejiang United Investment Holdings Group Receivables Turnover Related Terms

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Zhejiang United Investment Holdings Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

489-491 Castle Peak Road, Unit A6-D, 12th Floor, Block A, Hong Kong Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.zjuv8366.com

Zhejiang United Investment Holdings Group Ltd is a Hong Kong-based investment holding company principally engaged in the building contractor business. The company is principally engaged in undertaking slope works, foundation works and other general building works. Geographically, it operates and derives revenue from Hong Kong. The company's slope works generally refer to landslip preventive and remedial works for improving the stability of slopes and retaining walls. Its foundation works include the construction of foundations. The company's general building works comprise of the general construction of buildings.

Executives

Zhang Yan	2101 Beneficial owner
Albert Yeung Capital Holdings Limited	2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag	2301 Trustee
Emperor Capital Group Limited	2201 Interest of corporation controlled by you
Emperor Securities Limited	2101 Beneficial owner
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Zhang Yan	2101 Beneficial owner
United Financial Holdings Group Limited	2101 Beneficial owner
Zhou Ying	2201 Interest of corporation controlled by you
Century Investment Holdings Limited	2201 Interest of corporation controlled by you

Zhejiang United Investment Holdings Group Headlines

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