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SFHG (Samfine Creation Holdings Group) Receivables Turnover : 2.08 (As of Jun. 2024)


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What is Samfine Creation Holdings 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. Samfine Creation Holdings Group's Revenue for the six months ended in Jun. 2024 was $10.49 Mil. Samfine Creation Holdings Group's average Accounts Receivable for the six months ended in Jun. 2024 was $5.05 Mil. Hence, Samfine Creation Holdings Group's Receivables Turnover for the six months ended in Jun. 2024 was 2.08.

Samfine Creation Holdings Group Receivables Turnover Historical Data

The historical data trend for Samfine Creation Holdings 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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Samfine Creation Holdings Group Receivables Turnover Chart

Samfine Creation Holdings Group Annual Data
Trend Dec21 Dec22 Dec23
Receivables Turnover
2.93 3.45 4.57

Samfine Creation Holdings Group Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial 1.21 3.15 2.19 2.28 2.08

Competitive Comparison of Samfine Creation Holdings Group's Receivables Turnover

For the Specialty Business Services subindustry, Samfine Creation Holdings 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.

Samfine Creation Holdings Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Samfine Creation Holdings Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Samfine Creation Holdings Group's Receivables Turnover falls into.


Samfine Creation Holdings Group Receivables Turnover Calculation

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

Samfine Creation Holdings Group'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 )
=15.015 / ((2.521 + 4.055) / 2 )
=15.015 / 3.288
=4.57

Samfine Creation Holdings Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=10.491 / ((4.055 + 6.041) / 2 )
=10.491 / 5.048
=2.08

* 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.

Samfine Creation Holdings Group  (NAS:SFHG) 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.

Samfine Creation Holdings Group Receivables Turnover Related Terms

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Samfine Creation Holdings Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Samfine Creation Holdings Group Ltd (NAS:SFHG) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
436-446 Kwun Tong Road, Flat B, 8/F, Block 4, Kwun Tong Industrial Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Website
Samfine Creation Holdings Group Ltd operates through its subsidiaries. It is an established one-stop printing service provider which principally provides printing services in Hong Kong and the PRC. It offers a wide range of printed products such as (i) book products, which mainly include children's books, educational books, art books, notebooks, diaries and journals; and (ii) novelty and packaging products, which mainly include handcraft products, book sets, pop-up books, stationery products, products with assembly parts and other specialized products, shopping bags and package boxes.