Bosideng International Holdings (HKSE:03998) Receivables Turnover : 2.85 (As of Sep. 2023)

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What is Bosideng 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. Bosideng International Holdings's Revenue for the six months ended in Sep. 2023 was HK$8,015 Mil. Bosideng International Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$2,811 Mil. Hence, Bosideng International Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 2.85.

Bosideng International Holdings Receivables Turnover Historical Data

The historical data trend for Bosideng 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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Bosideng International Holdings Receivables Turnover Chart

Bosideng International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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10.08

10.46

13.74

16.12

16.10

Bosideng International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.43	4.49	2.09	4.06	2.85

Competitive Comparison of Bosideng International Holdings's Receivables Turnover

For the Apparel Manufacturing subindustry, Bosideng 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.

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

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

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

Bosideng International Holdings Receivables Turnover Calculation

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

Bosideng International 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 )
=	19105.751	/ (	(1522.909	+	850.641)	/	2 )
=	19105.751	/	1186.775
=	16.10

Bosideng International 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 )
=	8014.899	/ (	(850.641	+	4771.51)	/	2 )
=	8014.899	/	2811.0755
=	2.85

Bosideng International Holdings (HKSE:03998) 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.

Bosideng International Holdings Receivables Turnover Related Terms

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Bosideng International Holdings (HKSE:03998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bosideng International Holdings Ltd (HKSE:03998) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BSDGY:USA BSDGF:USA 3BD:Germany

Address

99 Queen’s Road Central, Unit 5709, 57th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.bosideng.com

Bosideng International Holdings Ltd is an integrated clothing group in China. It mainly engaged in design, manufacture and sales of down apparel products including research, raw materials procurement, outsourced manufacturing, marketing and distribution of branded down apparel products, original equipment manufacturing products and non-down apparel products. The group operates its business in four segments namely Down apparels, OEM management, Ladieswear apparels, and Diversified apparels. It generates a majority of revenue from the Down apparels segment which carries on the business of sourcing and distributing branded down apparels. The group's down apparel brands include Bosideng, Snow Flying, and Bengen, among others.

Bosideng International Holdings (HKSE:03998) Headlines

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