Vertical International Holdings (HKSE:08375) Receivables Turnover : 0.84 (As of Dec. 2023)

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What is Vertical International 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. Vertical International Holdings's Revenue for the three months ended in Dec. 2023 was HK$21.83 Mil. Vertical International Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$26.10 Mil. Hence, Vertical International Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 0.84.

Vertical International Holdings Receivables Turnover Historical Data

The historical data trend for Vertical International 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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Vertical International Holdings Receivables Turnover Chart

Vertical International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.67

3.11

3.73

3.12

3.46

Vertical International 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															0.89	0.78	0.80	0.99	0.84

Competitive Comparison of Vertical International Holdings's Receivables Turnover

For the Electronic Components subindustry, Vertical International 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.

Vertical International Holdings's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Vertical International Holdings's Receivables Turnover distribution charts can be found below:

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

Vertical International Holdings Receivables Turnover Calculation

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

Vertical International 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 )
=	84.262	/ (	(22.667	+	26.102)	/	2 )
=	84.262	/	24.3845
=	3.46

Vertical International 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 )
=	21.829	/ (	(0	+	26.102)	/	1 )
=	21.829	/	26.102
=	0.84

Vertical International Holdings (HKSE:08375) 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.

Vertical International Holdings Receivables Turnover Related Terms

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Vertical International Holdings (HKSE:08375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vertical International Holdings Ltd (HKSE:08375) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Wing Hong Street, Unit 2212, 22 Floor, Global Gateway Tower, Cheung Sha Wan, Hong Kong, HKG

Website

http://www.verticaltech.com.cn

Vertical International Holdings Ltd is an investment holding company. It company, with its subsidiaries, is in the Sales of manufactured aluminum electrolytic capacitors and Trading of electronic components segments. It derives key revenue from the sales of manufactured aluminum electrolytic capacitors business which involves the manufacturing and selling of aluminum electrolytic capacitors and represents the manufacturing and selling of chip-type and radial lead-type aluminum electrolytic capacitors in the PRC. Geographically, the group has a business presence in Hong Kong, PRC, Japan, and Other Asian regions.

Executives

Boon Ho Yin Henry	2101 Beneficial owner
Sun Koon Kwan	2202 Interest of your spouse
Vertical Technology Investment Limited	2101 Beneficial owner

Vertical International Holdings (HKSE:08375) Headlines

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