Snack Empire Holdings (HKSE:01843) Receivables Turnover : 28.99 (As of Sep. 2023)

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What is Snack Empire 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. Snack Empire Holdings's Revenue for the six months ended in Sep. 2023 was HK$71.0 Mil. Snack Empire Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$2.4 Mil. Hence, Snack Empire Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 28.99.

Snack Empire Holdings Receivables Turnover Historical Data

The historical data trend for Snack Empire 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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Snack Empire Holdings Receivables Turnover Chart

Snack Empire Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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43.84

49.76

79.22

130.04

93.98

Snack Empire Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial								47.32	46.99	30.99	24.55	28.99

Competitive Comparison of Snack Empire Holdings's Receivables Turnover

For the Restaurants subindustry, Snack Empire 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.

Snack Empire Holdings's Receivables Turnover Distribution in the Restaurants Industry

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

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

Snack Empire Holdings Receivables Turnover Calculation

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

Snack Empire 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 )
=	154.603	/ (	(1.129	+	2.161)	/	2 )
=	154.603	/	1.645
=	93.98

Snack Empire 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 )
=	71.023	/ (	(2.161	+	2.738)	/	2 )
=	71.023	/	2.4495
=	28.99

Snack Empire Holdings (HKSE:01843) 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.

Snack Empire Holdings Receivables Turnover Related Terms

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Snack Empire Holdings (HKSE:01843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Snack Empire Holdings Ltd (HKSE:01843) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Anson Road, No 21-02, International Plaza, Singapore, SGP, 079903

Website

https://www.snackemp.com

Snack Empire Holdings Ltd is a food and beverage group offering Taiwanese Snacks and Beverages under the Shihlin Taiwan Street Snacks brand. It operates two basic models, namely the Self-operated model and the franchise and license model. Its geographical segments include Singapore, Malaysia, the United States, Indonesia, and others, out of which the majority of the revenue is generated from Singapore.

Snack Empire Holdings (HKSE:01843) Headlines

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