Asia Commercial Holdings (HKSE:00104) Receivables Turnover : 5.02 (As of Sep. 2023)

View and export this data going back to 1987. Start your Free Trial

What is Asia Commercial 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. Asia Commercial Holdings's Revenue for the six months ended in Sep. 2023 was HK$338.0 Mil. Asia Commercial Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$67.3 Mil. Hence, Asia Commercial Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 5.02.

Asia Commercial Holdings Receivables Turnover Historical Data

The historical data trend for Asia Commercial 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.

Asia Commercial Holdings Receivables Turnover Chart

Asia Commercial Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

23.65

15.33

18.99

10.60

10.30

Asia Commercial 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															7.90	6.71	5.35	8.21	5.02

Competitive Comparison of Asia Commercial Holdings's Receivables Turnover

For the Specialty Retail subindustry, Asia Commercial 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.

Asia Commercial Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Asia Commercial Holdings's Receivables Turnover falls into.

Asia Commercial Holdings Receivables Turnover Calculation

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

Asia Commercial 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 )
=	710.586	/ (	(72.316	+	65.68)	/	2 )
=	710.586	/	68.998
=	10.30

Asia Commercial 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 )
=	338.01	/ (	(65.68	+	68.918)	/	2 )
=	338.01	/	67.299
=	5.02

Asia Commercial Holdings (HKSE:00104) 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.

Asia Commercial Holdings Receivables Turnover Related Terms

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

Asia Commercial Holdings (HKSE:00104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asia Commercial Holdings Ltd (HKSE:00104) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen’s Road East, 3901, 39th Floor, The Hopewell Centre, Wanchai, Hong Kong, HKG

Website

http://www.asiacommercialholdings.com

Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. The company currently operates in The People's Republic of China, United Kingdom, Hong Kong, and Switzerland out of which PRC generates the maximum revenue for the company.

Executives

Lam Kim Phung	2101 Beneficial owner
Century Hero International Limited	2101 Beneficial owner
Goodideal Industrial Limited	2101 Beneficial owner
Eav Yin	2101 Beneficial owner
Chanchhaya Trustee Holding Corporation
Covenhills Limited

Asia Commercial Holdings (HKSE:00104) Headlines

No Headlines