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Soho Holly (SHSE:600128) Receivables Turnover : 1.70 (As of Mar. 2024)


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What is Soho Holly 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. Soho Holly's Revenue for the three months ended in Mar. 2024 was ¥1,673 Mil. Soho Holly's average Accounts Receivable for the three months ended in Mar. 2024 was ¥983 Mil. Hence, Soho Holly's Receivables Turnover for the three months ended in Mar. 2024 was 1.70.


Soho Holly Receivables Turnover Historical Data

The historical data trend for Soho Holly'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.

* Premium members only.

Soho Holly Receivables Turnover Chart

Soho Holly Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.30 9.13 8.80 8.15 7.67

Soho Holly Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.40 1.86 2.18 2.79 1.70

Competitive Comparison of Soho Holly's Receivables Turnover

For the Specialty Retail subindustry, Soho Holly'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.


Soho Holly's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Soho Holly's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Soho Holly's Receivables Turnover falls into.



Soho Holly Receivables Turnover Calculation

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

Soho Holly'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 )
=6719.531 / ((815.265 + 937.969) / 2 )
=6719.531 / 876.617
=7.67

Soho Holly's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1673.162 / ((937.969 + 1028.154) / 2 )
=1673.162 / 983.0615
=1.70

* 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.


Soho Holly  (SHSE:600128) 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.


Soho Holly Receivables Turnover Related Terms

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Soho Holly (SHSE:600128) Business Description

Traded in Other Exchanges
N/A
Address
No. 50 Zhonghua Road, Hongye Building, Nanjing, Jiangsu, CHN, 210001
Jiangsu Holly Corp is engaged in the trade and export clothing, toys, fishing gear, shoes and hats, medical equipment, chemicals, building materials, household goods, and resources and energy.
Executives
Gu Ming Rong senior management
Ge Meng Director
Zhang Fa Song senior management
Liu Sui Zhi Director
Qian Jing Qi Director
Wu Ting Chang Director
Pu Xue Nian Supervisors

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