Get Nice Holdings (HKSE:00064) Receivables Turnover : 0.10 (As of Sep. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Get Nice 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. Get Nice Holdings's Revenue for the six months ended in Sep. 2023 was HK$207.7 Mil. Get Nice Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$2,006.4 Mil. Hence, Get Nice Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 0.10.

Get Nice Holdings Receivables Turnover Historical Data

The historical data trend for Get Nice 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.

Get Nice Holdings Receivables Turnover Chart

Get Nice Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

0.14

0.13

0.14

0.17

Get Nice 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															0.07	0.07	0.07	0.09	0.10

Competitive Comparison of Get Nice Holdings's Receivables Turnover

For the Capital Markets subindustry, Get Nice 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.

Get Nice Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Get Nice Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Get Nice Holdings's Receivables Turnover falls into.

Get Nice Holdings Receivables Turnover Calculation

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

Get Nice 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 )
=	425.697	/ (	(2826.396	+	2079.209)	/	2 )
=	425.697	/	2452.8025
=	0.17

Get Nice 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 )
=	207.731	/ (	(2079.209	+	1933.645)	/	2 )
=	207.731	/	2006.427
=	0.10

Get Nice Holdings (HKSE:00064) 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.

Get Nice Holdings Receivables Turnover Related Terms

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

Get Nice Holdings (HKSE:00064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Get Nice Holdings Ltd (HKSE:00064) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen's Road Central, Ground Floor to 3rd Floor, Cosco Tower, Grand Millennium Plaza, Hong Kong, HKG

Website

http://www.getnice.com.hk

Get Nice Holdings Ltd is a holding company and its principal business activities are money lending, property development and holding, investment in financial instruments, real estate brokerage, and the provision of financial services. The company manages its business in six segments namely Broking, Securities margin financing, Money lending, Corporate finance, asset management, and Investments. The company generates the majority of its revenue from the Securities margin financing segment.

Executives

Honeylink Agents Limited	2101 Beneficial owner
Hung Hon Man	2201 Interest of corporation controlled by you

Get Nice Holdings (HKSE:00064) Headlines

No Headlines