HTCO (High-Trend International Group) Receivables Turnover : 12.62 (As of Oct. 2024)

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What is High-Trend International Group 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. High-Trend International Group's Revenue for the six months ended in Oct. 2024 was $73.3 Mil. High-Trend International Group's average Accounts Receivable for the six months ended in Oct. 2024 was $5.8 Mil. Hence, High-Trend International Group's Receivables Turnover for the six months ended in Oct. 2024 was 12.62.

High-Trend International Group Receivables Turnover Historical Data

The historical data trend for High-Trend International Group'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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High-Trend International Group Receivables Turnover Chart

High-Trend International Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

Receivables Turnover

32.40

23.81

31.46

38.57

25.25

High-Trend International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Receivables Turnover	Get a 7-Day Free Trial				9.65	21.47	55.61	13.89	12.62

Competitive Comparison of High-Trend International Group's Receivables Turnover

For the Marine Shipping subindustry, High-Trend International Group'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.

High-Trend International Group's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, High-Trend International Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where High-Trend International Group's Receivables Turnover falls into.

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High-Trend International Group Receivables Turnover Calculation

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

High-Trend International Group's Receivables Turnover for the fiscal year that ended in Oct. 2024 is calculated as

	Receivables Turnover (A: Oct. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Oct. 2024 )	/ (	(Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Oct. 2024 ))	/	count )
=	108.177	/ (	(0.984	+	7.583)	/	2 )
=	108.177	/	4.2835
=	25.25

High-Trend International Group's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

	Receivables Turnover (Q: Oct. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Oct. 2024 )	/ (	(Accounts Receivable (Q: Apr. 2024 )	+	Accounts Receivable (Q: Oct. 2024 ))	/	count )
=	73.321	/ (	(4.034	+	7.583)	/	2 )
=	73.321	/	5.8085
=	12.62

High-Trend International Group (NAS:HTCO) 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.

High-Trend International Group Receivables Turnover Related Terms

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High-Trend International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » High-Trend International Group (NAS:HTCO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17, Paya Lebar Square, Hong Kong, SGP, 409051

Website

http://www.htcointl.com/index.html

High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service. Majority of revenue is from providing shipping services for customers in Asia, principally in Singapore, Dubai, Korea, Japan, and India.