TAOHY (Tao Heung Holdings) Receivables Turnover : 24.37 (As of Jun. 2024)

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What is Tao Heung 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. Tao Heung Holdings's Revenue for the six months ended in Jun. 2024 was $164.61 Mil. Tao Heung Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was $6.76 Mil. Hence, Tao Heung Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 24.37.

Tao Heung Holdings Receivables Turnover Historical Data

The historical data trend for Tao Heung 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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Tao Heung Holdings Receivables Turnover Chart

Tao Heung Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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90.59

68.55

67.47

46.20

57.40

Tao Heung Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															20.38	29.10	35.08	30.51	24.37

Competitive Comparison of Tao Heung Holdings's Receivables Turnover

For the Restaurants subindustry, Tao Heung 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.

Tao Heung Holdings's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tao Heung Holdings's Receivables Turnover distribution charts can be found below:

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

Tao Heung Holdings Receivables Turnover Calculation

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

Tao Heung 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 )
=	377.649	/ (	(5.991	+	7.168)	/	2 )
=	377.649	/	6.5795
=	57.40

Tao Heung Holdings'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: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	164.606	/ (	(7.168	+	6.343)	/	2 )
=	164.606	/	6.7555
=	24.37

Tao Heung Holdings (OTCPK:TAOHY) 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.

Tao Heung Holdings Receivables Turnover Related Terms

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Tao Heung Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tao Heung Holdings Ltd (OTCPK:TAOHY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

00573:Hong Kong BVI:Germany

Address

Number 18 Dai Fat Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.taoheung.com.hk

Tao Heung Holdings Ltd is a Hong Kong-based company engaged in the provision of food catering services through a chain of restaurants. It is also engaged in chilled and packaged food, bakery operations, production, sale and distribution of food products and other items related to restaurant operations and provision of poultry farm operations. Group operates restaurants under Tao heung, Tao Square, and Tai Cheong Bakery brands. The company operates businesses in Hong Kong and Mainland China of which Hong Kong accounts for a larger share of the company revenue.

Tao Heung Holdings Headlines

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