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Guangzhou Holike Creative Home Co (SHSE:603898) Receivables Turnover : 2.83 (As of Jun. 2024)


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What is Guangzhou Holike Creative Home 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. Guangzhou Holike Creative Home Co's Revenue for the three months ended in Jun. 2024 was ¥520 Mil. Guangzhou Holike Creative Home Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥184 Mil. Hence, Guangzhou Holike Creative Home Co's Receivables Turnover for the three months ended in Jun. 2024 was 2.83.


Guangzhou Holike Creative Home Co Receivables Turnover Historical Data

The historical data trend for Guangzhou Holike Creative Home 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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Guangzhou Holike Creative Home Co Receivables Turnover Chart

Guangzhou Holike Creative Home Co 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 105.08 23.87 19.67 16.87 14.46

Guangzhou Holike Creative Home Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 4.03 3.82 3.79 2.38 2.83

Competitive Comparison of Guangzhou Holike Creative Home Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Guangzhou Holike Creative Home 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.


Guangzhou Holike Creative Home Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangzhou Holike Creative Home Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangzhou Holike Creative Home Co's Receivables Turnover falls into.



Guangzhou Holike Creative Home Co Receivables Turnover Calculation

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

Guangzhou Holike Creative Home Co'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 )
=2264.833 / ((146.224 + 167.001) / 2 )
=2264.833 / 156.6125
=14.46

Guangzhou Holike Creative Home Co'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: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=520.438 / ((171.982 + 195.607) / 2 )
=520.438 / 183.7945
=2.83

* 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.


Guangzhou Holike Creative Home Co  (SHSE:603898) 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.


Guangzhou Holike Creative Home Co Receivables Turnover Related Terms

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Guangzhou Holike Creative Home Co Business Description

Traded in Other Exchanges
N/A
Address
Cyberport, No. 20 Keyun Road, 3rd Floor, Tianhe District, Guangzhou, CHN
Guangzhou Holike Creative Home Co Ltd is engaged in research and development, design, production and sales of panel furniture, synchronous development and sales of finished furniture and soft furnishings.
Executives
Shen Han Biao Director
Lin Chang Sheng senior management
Deng Tao senior management
Zhou Yi senior management

Guangzhou Holike Creative Home Co Headlines

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