Founder Holdings (Founder Holdings) Receivables Turnover : 3.14 (As of Dec. 2023)

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What is Founder 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. Founder Holdings's Revenue for the six months ended in Dec. 2023 was $78.0 Mil. Founder Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $24.8 Mil. Hence, Founder Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.14.

Founder Holdings Receivables Turnover Historical Data

The historical data trend for Founder 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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Founder Holdings Receivables Turnover Chart

Founder Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.19

4.34

5.07

4.78

4.71

Founder 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															3.29	1.78	3.34	1.90	3.14

Competitive Comparison of Founder Holdings's Receivables Turnover

For the Software - Application subindustry, Founder 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.

Founder Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Founder Holdings's Receivables Turnover distribution charts can be found below:

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

Founder Holdings Receivables Turnover Calculation

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

Founder 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 )
=	125.743	/ (	(27.015	+	26.421)	/	2 )
=	125.743	/	26.718
=	4.71

Founder 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 )
=	77.977	/ (	(23.224	+	26.421)	/	2 )
=	77.977	/	24.8225
=	3.14

Founder Holdings (OTCPK:FHGDF) 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.

Founder Holdings Receivables Turnover Related Terms

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Founder Holdings (Founder Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Founder Holdings Ltd (OTCPK:FHGDF) » Definitions » Receivables Turnover

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00418:Hong Kong FOU1:Germany

Address

9 Hoi Shing Road, Unit 1408, 14th Floor, New Territories, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

https://www.founder.com.hk

Founder Holdings Ltd is engaged in software development and systems integration. It operates in the business division of the provision of software development and system integration and information products distribution. Geographically, the company operates in Hong Kong, Mainland China, and other countries, of which key revenue is generated from Mainland China. The group serves in the fields of printing, media, publishing, big data, and fonts library.

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