Ying Hai Group Holdings Co (HKSE:08668) Receivables Turnover : 1.29 (As of Dec. 2023)

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What is Ying Hai Group Holdings Co 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. Ying Hai Group Holdings Co's Revenue for the three months ended in Dec. 2023 was HK$31.51 Mil. Ying Hai Group Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was HK$24.48 Mil. Hence, Ying Hai Group Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.29.

Ying Hai Group Holdings Co Receivables Turnover Historical Data

The historical data trend for Ying Hai Group Holdings Co'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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Ying Hai Group Holdings Co Receivables Turnover Chart

Ying Hai Group Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.40

1.51

4.02

4.69

7.21

Ying Hai Group Holdings Co 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															0.57	8.63	2.18	2.83	1.29

Competitive Comparison of Ying Hai Group Holdings Co's Receivables Turnover

For the Travel Services subindustry, Ying Hai Group Holdings Co'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.

Ying Hai Group Holdings Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ying Hai Group Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ying Hai Group Holdings Co's Receivables Turnover falls into.

Ying Hai Group Holdings Co Receivables Turnover Calculation

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

Ying Hai Group Holdings Co'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 )
=	94.709	/ (	(1.78	+	24.483)	/	2 )
=	94.709	/	13.1315
=	7.21

Ying Hai Group Holdings Co'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 )
=	31.511	/ (	(0	+	24.483)	/	1 )
=	31.511	/	24.483
=	1.29

Ying Hai Group Holdings Co (HKSE:08668) 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.

Ying Hai Group Holdings Co Receivables Turnover Related Terms

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Ying Hai Group Holdings Co (HKSE:08668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ying Hai Group Holdings Co Ltd (HKSE:08668) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 506, 5th Floor, Peninsula Centre, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.yinghaiholding.com

Ying Hai Group Holdings Co Ltd is engaged in the sales and distribution of air tickets and hotel rooms, the sales and provision of ancillary travel-related products and services, the provision of car rental services in Macau, cross-border car rental services between Macau and Hong Kong and investment in concert. The firm's operating segments include the Travel business, Vehicle business, and Concert business. It generates a majority of its revenue from the Travel business segment. Geographically, the company generates a majority of its revenue from Macau.

Executives

Choi Wai Chan	2201 Interest of corporation controlled by you
Silver Esteem Limited	2101 Beneficial owner
Wong Pui Keng	2202 Interest of your spouse

Ying Hai Group Holdings Co (HKSE:08668) Headlines

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