China Best Group Holding (HKSE:00370) Receivables Turnover : 0.92 (As of Sep. 2023)

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What is China Best Group Holding 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 Best Group Holding's Revenue for the six months ended in Sep. 2023 was HK$106.7 Mil. China Best Group Holding's average Accounts Receivable for the six months ended in Sep. 2023 was HK$116.1 Mil. Hence, China Best Group Holding's Receivables Turnover for the six months ended in Sep. 2023 was 0.92.

China Best Group Holding Receivables Turnover Historical Data

The historical data trend for China Best Group Holding'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 Best Group Holding Receivables Turnover Chart

China Best Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Receivables Turnover

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2.78

1.26

2.19

4.07

2.62

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.20	1.40	1.02	1.07	0.92

Competitive Comparison of China Best Group Holding's Receivables Turnover

For the Specialty Retail subindustry, China Best Group Holding'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 Best Group Holding's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Best Group Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Best Group Holding's Receivables Turnover falls into.

China Best Group Holding Receivables Turnover Calculation

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

China Best Group Holding'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 )
=	504.665	/ (	(265.365	+	119.855)	/	2 )
=	504.665	/	192.61
=	2.62

China Best Group Holding'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 )
=	106.686	/ (	(119.855	+	112.258)	/	2 )
=	106.686	/	116.0565
=	0.92

China Best Group Holding (HKSE:00370) 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 Best Group Holding Receivables Turnover Related Terms

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China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

Executives

Ping Pacific Limited	2101 Beneficial owner
Yeung Yat Ping	2101 Beneficial owner
South Leader Limited	2101 Beneficial owner
Li Meng Zhe	2101 Beneficial owner
Max Kensho Capital Group Limited	2101 Beneficial owner
Sunbow Int'l Enterprise Limited	2101 Beneficial owner
Wang Baoning	2101 Beneficial owner
Li Meng Zhe	2201 Interest of corporation controlled by you
Wang Yicheng	2201 Interest of corporation controlled by you

China Best Group Holding (HKSE:00370) Headlines

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