Readboy Education Holding Co (HKSE:02385) Receivables Turnover : 10.11 (As of Dec. 2023)

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What is Readboy Education Holding Co 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. Readboy Education Holding Co's Revenue for the six months ended in Dec. 2023 was HK$255.3 Mil. Readboy Education Holding Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$25.3 Mil. Hence, Readboy Education Holding Co's Receivables Turnover for the six months ended in Dec. 2023 was 10.11.

Readboy Education Holding Co Receivables Turnover Historical Data

The historical data trend for Readboy Education Holding Co'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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Readboy Education Holding Co Receivables Turnover Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

39.48

37.17

23.11

15.04

16.32

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			9.63	5.24	8.61	4.20	10.11

Competitive Comparison of Readboy Education Holding Co's Receivables Turnover

For the Education & Training Services subindustry, Readboy Education Holding Co'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.

Readboy Education Holding Co's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Readboy Education Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Readboy Education Holding Co's Receivables Turnover falls into.

Readboy Education Holding Co Receivables Turnover Calculation

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

Readboy Education Holding Co'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 )
=	393.074	/ (	(31.637	+	16.54)	/	2 )
=	393.074	/	24.0885
=	16.32

Readboy Education Holding Co'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 )
=	255.324	/ (	(33.968	+	16.54)	/	2 )
=	255.324	/	25.254
=	10.11

Readboy Education Holding Co (HKSE:02385) 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.

Readboy Education Holding Co Receivables Turnover Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Executives

Liu Zhilan	2101 Beneficial owner
Alpine Sky Limited	2101 Beneficial owner
Equiom Fiduciary Services (hong Kong) Limited	2301 Trustee
Kimlan Limited	2103 Interests held jointly with another person
Maples Trustee Services (cayman) Limited	2103 Interests held jointly with another person
Qin Shuguang	2201 Interest of corporation controlled by you
Sky Focus Holdings Limited	2103 Interests held jointly with another person
Trade Honour Holdings Limited	2101 Beneficial owner
Chen Zhiyong	2103 Interests held jointly with another person

Readboy Education Holding Co (HKSE:02385) Headlines

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