Texwinca Holdings (STU:TXW) Receivables Turnover : 4.34 (As of Sep. 2023)

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What is Texwinca 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. Texwinca Holdings's Revenue for the six months ended in Sep. 2023 was €316.5 Mil. Texwinca Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was €72.9 Mil. Hence, Texwinca Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 4.34.

Texwinca Holdings Receivables Turnover Historical Data

The historical data trend for Texwinca 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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Texwinca Holdings Receivables Turnover Chart

Texwinca Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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10.09

10.51

8.85

9.24

8.38

Texwinca Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															4.04	3.84	4.33	3.87	4.34

Competitive Comparison of Texwinca Holdings's Receivables Turnover

For the Textile Manufacturing subindustry, Texwinca 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.

Texwinca Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Texwinca Holdings's Receivables Turnover falls into.

Texwinca Holdings Receivables Turnover Calculation

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

Texwinca Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	720.995	/ (	(105.224	+	66.923)	/	2 )
=	720.995	/	86.0735
=	8.38

Texwinca Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	316.5	/ (	(66.923	+	78.868)	/	2 )
=	316.5	/	72.8955
=	4.34

Texwinca Holdings (STU:TXW) 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.

Texwinca Holdings Receivables Turnover Related Terms

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Texwinca Holdings (STU:TXW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Texwinca Holdings Ltd (STU:TXW) » Definitions » Receivables Turnover

Traded in Other Exchanges

TXWHY:USA 00321:Hong Kong TXW:Germany

Address

223 Hing Fong Road, 16th Floor, Metroplaza, Tower II, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.texwinca.com

Texwinca Holdings Ltd is a Hong Kong-based company. The company is principally engaged in the textile business, which refers to production, dyeing, and sale of knitted fabric and yarn garments, and the retail & distribution of casual apparel and accessories business, which means retailing and distribution of casual apparel and accessories. The textile business and the retail and distribution business jointly account for majority of the company's total revenue. The company is also involved in providing repair and maintenance services for motor vehicles, offering franchise services, and others. The company generates its revenue from Mainland China, the United States, Japan, Hong Kong, and other areas, with Mainland China being the largest revenue contributor.

Texwinca Holdings (STU:TXW) Headlines

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