Hywin Holdings (Hywin Holdings) Receivables Turnover : 1.75 (As of Dec. 2022)

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What is Hywin 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. Hywin Holdings's Revenue for the six months ended in Dec. 2022 was $148.6 Mil. Hywin Holdings's average Accounts Receivable for the six months ended in Dec. 2022 was $84.7 Mil. Hence, Hywin Holdings's Receivables Turnover for the six months ended in Dec. 2022 was 1.75.

Hywin Holdings Receivables Turnover Historical Data

The historical data trend for Hywin 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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Hywin Holdings Receivables Turnover Chart

Hywin Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.85

3.66

3.82

3.28

4.11

Hywin Holdings Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial					1.72	1.67	2.01	1.75	2.06

Competitive Comparison of Hywin Holdings's Receivables Turnover

For the Asset Management subindustry, Hywin 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.

Hywin Holdings's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hywin Holdings's Receivables Turnover distribution charts can be found below:

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

Hywin Holdings Receivables Turnover Calculation

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

Hywin Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	292.088	/ (	(84.295	+	57.968)	/	2 )
=	292.088	/	71.1315
=	4.11

Hywin Holdings's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	148.598	/ (	(84.295	+	85.177)	/	2 )
=	148.598	/	84.736
=	1.75

Hywin Holdings (NAS:HYW) 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.

Hywin Holdings Receivables Turnover Related Terms

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Hywin Holdings (Hywin Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hywin Holdings Ltd (NAS:HYW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Yincheng Mid. Road, F3, Hywin Financial Centre, Pudong New District, Shanghai, CHN, 200120

Website

http://www.hywinwealth.com

Hywin Holdings Ltd is a wealth management service provider in China. It primarily provide wealth management services, insurance brokerage services, asset management services and other services to clients.