C Banner International Holdings (HKSE:01028) Receivables Turnover : 2.90 (As of Jun. 2023)

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What is C Banner International 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. C Banner International Holdings's Revenue for the six months ended in Jun. 2023 was HK$862 Mil. C Banner International Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$298 Mil. Hence, C Banner International Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 2.90.

C Banner International Holdings Receivables Turnover Historical Data

The historical data trend for C Banner International 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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C Banner International Holdings Receivables Turnover Chart

C Banner International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.51

4.71

6.01

8.56

5.96

C Banner International 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															4.33	3.51	3.55	2.90	1.92

Competitive Comparison of C Banner International Holdings's Receivables Turnover

For the Footwear & Accessories subindustry, C Banner International 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.

C Banner International Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where C Banner International Holdings's Receivables Turnover falls into.

C Banner International Holdings Receivables Turnover Calculation

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

C Banner International Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1543.012	/ (	(209.055	+	151.326)	/	2 )
=	1543.012	/	180.1905
=	8.56

C Banner International Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	861.8	/ (	(151.326	+	443.809)	/	2 )
=	861.8	/	297.5675
=	2.90

C Banner International Holdings (HKSE:01028) 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.

C Banner International Holdings Receivables Turnover Related Terms

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C Banner International Holdings (HKSE:01028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » C Banner International Holdings Ltd (HKSE:01028) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Suite 1503, Level 15, Admiralty Centre Tower 1, Admiralty, Hong Kong, HKG

Website

https://www.cbanner.com.cn

C Banner International Holdings Ltd is a footwear retailer in China that sells mid-to-premium women's formal and casual footwear. Most of the company's revenue comes from its Retail and Wholesale of Shoe segment. The company generates revenue in that segment by selling self-developed and licensed footwear brands through department stores, independent retail stores, and online. Brands include C.banner, Eblan, Sundance, Mio, Natursun, Badgley Mischka, and United Nude. Other segments include Contract Manufacturing of Footwear, where C Banner manufactures shoes for export for international companies, and Retail of Toys, where the company sells through Hamleys toy stores. Most of the company's sales are generated in China.

C Banner International Holdings (HKSE:01028) Headlines

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