Dapai International Holdings Co (SGX:FP1) Receivables Turnover : 0.48 (As of Jun. 2017)

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What is Dapai International 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. Dapai International Holdings Co's Revenue for the three months ended in Jun. 2017 was S$5.44 Mil. Dapai International Holdings Co's average Accounts Receivable for the three months ended in Jun. 2017 was S$11.21 Mil. Hence, Dapai International Holdings Co's Receivables Turnover for the three months ended in Jun. 2017 was 0.48.

Dapai International Holdings Co Receivables Turnover Historical Data

The historical data trend for Dapai International 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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Dapai International Holdings Co Receivables Turnover Chart

Dapai International Holdings Co Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Receivables Turnover

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4.36

7.23

5.47

4.18

2.76

Dapai International Holdings Co Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Receivables Turnover	Get a 7-Day Free Trial															1.04	0.27	0.56	0.19	0.48

Competitive Comparison of Dapai International Holdings Co's Receivables Turnover

For the Footwear & Accessories subindustry, Dapai International 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.

Dapai International Holdings Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Dapai International Holdings Co's Receivables Turnover falls into.

Dapai International Holdings Co Receivables Turnover Calculation

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

Dapai International Holdings Co's Receivables Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	30.333	/ (	(9.954	+	12.054)	/	2 )
=	30.333	/	11.004
=	2.76

Dapai International Holdings Co's Receivables Turnover for the quarter that ended in Jun. 2017 is calculated as

	Receivables Turnover (Q: Jun. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2017 )	/ (	(Accounts Receivable (Q: Mar. 2017 )	+	Accounts Receivable (Q: Jun. 2017 ))	/	count )
=	5.438	/ (	(11.295	+	11.13)	/	2 )
=	5.438	/	11.2125
=	0.48

Dapai International Holdings Co (SGX:FP1) 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.

Dapai International Holdings Co Receivables Turnover Related Terms

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Dapai International Holdings Co (SGX:FP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Dapai International Holdings Co Ltd (SGX:FP1) » Definitions » Receivables Turnover

Comparable Companies

SGX:FQ8

Traded in Other Exchanges

N/A

Address

Website

http://www.dapai-bag.com

Dapai International Holdings Co Ltd is backpack company in China. The group designs, manufactures and sells backpacks under the DAPAI brand. Its product collections are suited for sports, fashion, business, and leisure. The company's products are targeted at the mid-range mass market consumer segment and are sold by distributor-own concessionary retail outlets in different provinces, autonomous regions and municipalities located within department stores, supermarkets and hypermarkets in China. The group's business segments are Manufacturing and sales of the backpack to distributors and retailers and Manufacturing and sales of luggage to distributors and retailers. The majority of its revenue is generated from the sales of bagpacks worldwide.

Dapai International Holdings Co (SGX:FP1) Headlines

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