China Oral Industry Group Holdings (HKSE:08406) Receivables Turnover : 2.57 (As of Dec. 2023)

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What is China Oral Industry Group 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. China Oral Industry Group Holdings's Revenue for the three months ended in Dec. 2023 was HK$49.8 Mil. China Oral Industry Group Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$19.4 Mil. Hence, China Oral Industry Group Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 2.57.

China Oral Industry Group Holdings Receivables Turnover Historical Data

The historical data trend for China Oral Industry Group 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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China Oral Industry Group Holdings Receivables Turnover Chart

China Oral Industry Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.34

8.60

9.29

5.81

8.16

China Oral Industry Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.32	2.78	1.47	1.16	2.57

Competitive Comparison of China Oral Industry Group Holdings's Receivables Turnover

For the Leisure subindustry, China Oral Industry Group 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.

China Oral Industry Group Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China Oral Industry Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Oral Industry Group Holdings's Receivables Turnover falls into.

China Oral Industry Group Holdings Receivables Turnover Calculation

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

China Oral Industry Group Holdings'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 )
=	182.57	/ (	(25.392	+	19.368)	/	2 )
=	182.57	/	22.38
=	8.16

China Oral Industry Group Holdings'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	49.826	/ (	(0	+	19.368)	/	1 )
=	49.826	/	19.368
=	2.57

China Oral Industry Group Holdings (HKSE:08406) 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.

China Oral Industry Group Holdings Receivables Turnover Related Terms

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China Oral Industry Group Holdings (HKSE:08406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Oral Industry Group Holdings Ltd (HKSE:08406) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

348 Kwun Tong Road, 5th floor, Manulife Place, Kowloon, Hong Kong, HKG

Website

https://www.chinaoral.co

China Oral Industry Group Holdings Ltd is principally engaged in the manufacturing and sales of inflatable products and related accessories. Some of its products are air blowers, mini inflatable playgrounds, inflatable tents, inflatable ball pools, polyvinyl chloride (PVC) laminated oxford, plastic nails, and other accessories. The company generates revenue from customers located in China, Europe, Australia and Oceania, North America, Asia, and Central and South America.

Executives

Risen Thrive Limited	2101 Beneficial owner
Yan Ping	2201 Interest of corporation controlled by you

China Oral Industry Group Holdings (HKSE:08406) Headlines

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