Kingston Financial Group (Kingston Financial Group) Receivables Turnover : 22.15 (As of Sep. 2022)

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What is Kingston Financial 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. Kingston Financial Group's Revenue for the six months ended in Sep. 2022 was $119.8 Mil. Kingston Financial Group's average Accounts Receivable for the six months ended in Sep. 2022 was $5.4 Mil. Hence, Kingston Financial Group's Receivables Turnover for the six months ended in Sep. 2022 was 22.15.

Kingston Financial Group Receivables Turnover Historical Data

The historical data trend for Kingston Financial 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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Kingston Financial Group Receivables Turnover Chart

Kingston Financial Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

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31.12

25.35

23.55

32.24

43.87

Kingston Financial Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Receivables Turnover	Get a 7-Day Free Trial															6.71	7.85	20.82	25.01	22.15

Competitive Comparison of Kingston Financial Group's Receivables Turnover

For the Capital Markets subindustry, Kingston Financial 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.

Kingston Financial Group's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Kingston Financial Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kingston Financial Group's Receivables Turnover falls into.

Kingston Financial Group Receivables Turnover Calculation

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

Kingston Financial Group's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	252.228	/ (	(5.968	+	5.531)	/	2 )
=	252.228	/	5.7495
=	43.87

Kingston Financial Group's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	119.784	/ (	(5.531	+	5.284)	/	2 )
=	119.784	/	5.4075
=	22.15

Kingston Financial Group (GREY:KNGTF) 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.

Kingston Financial Group Receivables Turnover Related Terms

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Kingston Financial Group (Kingston Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kingston Financial Group Ltd (GREY:KNGTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

99 Queen’s Road Central, 72th Floor, Central, Hong Kong, HKG

Website

https://www.kingston.com.hk

Kingston Financial Group Ltd is a financial services company operating primarily in Hong Kong and Macau. It provides a wide range of solutions, including securities brokerages, underwriting, and placements, margin and initial public offering financing, corporate finance advisory services, futures brokerages, and asset management services. The Group also provides gaming and hospitality services in Macau. Business activities for the group include undertaking the origination, structuring, and marketing of placements of equity and debt securities. Most of the company's diverse revenue mix comes increasingly from margin and IPO financing and secondarily from its security brokerage, underwriting, and placements segment.

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