China Fortune Investments (Holding) (STU:NLY5) Receivables Turnover : 3.70 (As of Jun. 2021)

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What is China Fortune Investments (Holding) 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. China Fortune Investments (Holding)'s Revenue for the three months ended in Jun. 2021 was €0.41 Mil. China Fortune Investments (Holding)'s average Accounts Receivable for the three months ended in Jun. 2021 was €0.11 Mil. Hence, China Fortune Investments (Holding)'s Receivables Turnover for the three months ended in Jun. 2021 was 3.70.

China Fortune Investments (Holding) Receivables Turnover Historical Data

The historical data trend for China Fortune Investments (Holding)'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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China Fortune Investments (Holding) Receivables Turnover Chart

China Fortune Investments (Holding) Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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24.49

3.73

2.23

0.83

1.55

China Fortune Investments (Holding) Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Receivables Turnover	Get a 7-Day Free Trial															0.12	0.20	88.82	102.00	3.70

Competitive Comparison of China Fortune Investments (Holding)'s Receivables Turnover

For the Specialty Retail subindustry, China Fortune Investments (Holding)'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.

China Fortune Investments (Holding)'s Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Fortune Investments (Holding)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Fortune Investments (Holding)'s Receivables Turnover falls into.

China Fortune Investments (Holding) Receivables Turnover Calculation

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

China Fortune Investments (Holding)'s Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	2.473	/ (	(3.189	+	0.011)	/	2 )
=	2.473	/	1.6
=	1.55

China Fortune Investments (Holding)'s Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

	Receivables Turnover (Q: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2021 )	/ (	(Accounts Receivable (Q: Mar. 2021 )	+	Accounts Receivable (Q: Jun. 2021 ))	/	count )
=	0.411	/ (	(0	+	0.111)	/	1 )
=	0.411	/	0.111
=	3.70

China Fortune Investments (Holding) (STU:NLY5) 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.

China Fortune Investments (Holding) Receivables Turnover Related Terms

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China Fortune Investments (Holding) (STU:NLY5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Fortune Investments (Holding) Ltd (STU:NLY5) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Shops 212-213, 2nd Floor, Shun tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.cfihk.com.hk

China Fortune Investments (Holding) Ltd is an investment holding company, engages in the wholesale and retail of wines and cigars and golf products in Hong Kong. The company offers red wines, white wines, champagnes, whiskeys and other liquors and spirits; and golf-related products, such as golf clubs, balls, shoes, gloves, clothing and other accessories of various brands. It operates through the following segments: Sale of Wine and Cigar; Sale of Golf Products; Sale of Watch and Jewellery; Provision of Money Lending Services, and Others. The firm's Wine and Cigar segment generate major revenue for the firm.

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