Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Receivables Turnover : 6.73 (As of Jun. 2023)

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What is Neo-Concept International Group 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. Neo-Concept International Group Holdings's Revenue for the six months ended in Jun. 2023 was $9.95 Mil. Neo-Concept International Group Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was $1.48 Mil. Hence, Neo-Concept International Group Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 6.73.

Neo-Concept International Group Holdings Receivables Turnover Historical Data

The historical data trend for Neo-Concept International Group 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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Neo-Concept International Group Holdings Receivables Turnover Chart

Neo-Concept International Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

3.37

5.71

17.38

Neo-Concept International Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			1.34	5.64	6.67	8.19	6.73

Competitive Comparison of Neo-Concept International Group Holdings's Receivables Turnover

For the Apparel Manufacturing subindustry, Neo-Concept International Group 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.

Neo-Concept International Group Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Neo-Concept International Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Neo-Concept International Group Holdings's Receivables Turnover falls into.

Neo-Concept International Group Holdings Receivables Turnover Calculation

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

Neo-Concept International Group Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	44.629	/ (	(3.809	+	1.328)	/	2 )
=	44.629	/	2.5685
=	17.38

Neo-Concept International Group Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	9.947	/ (	(1.328	+	1.63)	/	2 )
=	9.947	/	1.479
=	6.73

Neo-Concept International Group Holdings (NAS:NCI) 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.

Neo-Concept International Group Holdings Receivables Turnover Related Terms

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Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th floor, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, HKG

Website

https://www.neo-ig.com

Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. They offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Headlines

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