Celestial Asia Securities Holdings (STU:CKDR) Receivables Turnover : 3.07 (As of Dec. 2023)

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What is Celestial Asia Securities 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. Celestial Asia Securities Holdings's Revenue for the six months ended in Dec. 2023 was €59.6 Mil. Celestial Asia Securities Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was €19.4 Mil. Hence, Celestial Asia Securities Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.07.

Celestial Asia Securities Holdings Receivables Turnover Historical Data

The historical data trend for Celestial Asia Securities 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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Celestial Asia Securities Holdings Receivables Turnover Chart

Celestial Asia Securities Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1,070.47

168.82

57.55

10.97

6.22

Celestial Asia Securities Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															22.98	26.47	5.62	2.58	3.07

Competitive Comparison of Celestial Asia Securities Holdings's Receivables Turnover

For the Department Stores subindustry, Celestial Asia Securities 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.

Celestial Asia Securities Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Celestial Asia Securities Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Celestial Asia Securities Holdings's Receivables Turnover falls into.

Celestial Asia Securities Holdings Receivables Turnover Calculation

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

Celestial Asia Securities Holdings'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 )
=	119.345	/ (	(23.018	+	15.359)	/	2 )
=	119.345	/	19.1885
=	6.22

Celestial Asia Securities Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	59.609	/ (	(23.496	+	15.359)	/	2 )
=	59.609	/	19.4275
=	3.07

Celestial Asia Securities Holdings (STU:CKDR) 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.

Celestial Asia Securities Holdings Receivables Turnover Related Terms

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Celestial Asia Securities Holdings (STU:CKDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Celestial Asia Securities Holdings Ltd (STU:CKDR) » Definitions » Receivables Turnover

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Traded in Other Exchanges

01049:Hong Kong CE0:Germany

Address

23 Wang Tai Road, 28th Floor, Manhattan Place, Kowloon Bay, Hong Kong, HKG

Website

https://www.cash.com.hk

Celestial Asia Securities Holdings Ltd is an investment holding company. The reportable segments of the company are as follows: 1) Retailing segment includes sales of furniture and household goods and electrical appliances; 2) Asset Management segment includes the provision of asset management services to the fund investors; 3) Financial Services segment includes the provision of broking, investment banking and wealth management services under the business operations of CFSG. The company's operations are located in Hong Kong and the People's Republic of China.

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