Topsports International Holdings (HKSE:06110) Receivables Turnover : 13.03 (As of Aug. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Topsports 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. Topsports International Holdings's Revenue for the six months ended in Aug. 2023 was HK$15,306 Mil. Topsports International Holdings's average Accounts Receivable for the six months ended in Aug. 2023 was HK$1,175 Mil. Hence, Topsports International Holdings's Receivables Turnover for the six months ended in Aug. 2023 was 13.03.

Topsports International Holdings Receivables Turnover Historical Data

The historical data trend for Topsports 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.

* Premium members only.

Topsports International Holdings Receivables Turnover Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Receivables Turnover

Get a 7-Day Free Trial

12.25

16.33

20.26

19.72

24.16

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Receivables Turnover	Get a 7-Day Free Trial								9.51	14.93	10.86	11.96	13.03

Competitive Comparison of Topsports International Holdings's Receivables Turnover

For the Apparel Retail subindustry, Topsports 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.

Topsports International Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Receivables Turnover distribution charts can be found below:

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

Topsports International Holdings Receivables Turnover Calculation

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

Topsports International Holdings's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	31068.457	/ (	(1360.889	+	1210.574)	/	2 )
=	31068.457	/	1285.7315
=	24.16

Topsports International Holdings's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

	Receivables Turnover (Q: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2023 )	/ (	(Accounts Receivable (Q: Feb. 2023 )	+	Accounts Receivable (Q: Aug. 2023 ))	/	count )
=	15306.341	/ (	(1210.574	+	1138.974)	/	2 )
=	15306.341	/	1174.774
=	13.03

Topsports International Holdings (HKSE:06110) 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.

Topsports International Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Topsports International Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

No Headlines