Central Development Holdings (HKSE:00475) Receivables Turnover : 19.16 (As of Sep. 2023)

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What is Central Development 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. Central Development Holdings's Revenue for the six months ended in Sep. 2023 was HK$90.7 Mil. Central Development Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$4.7 Mil. Hence, Central Development Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 19.16.

Central Development Holdings Receivables Turnover Historical Data

The historical data trend for Central Development 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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Central Development Holdings Receivables Turnover Chart

Central Development Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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11.03

5.50

4.75

38.55

122.24

Central Development 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															11.13	38.48	39.30	31.15	19.16

Competitive Comparison of Central Development Holdings's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Central Development 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.

Central Development Holdings's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Central Development Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Central Development Holdings's Receivables Turnover falls into.

Central Development Holdings Receivables Turnover Calculation

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

Central Development 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 )
=	247.893	/ (	(1.875	+	2.181)	/	2 )
=	247.893	/	2.028
=	122.24

Central Development 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 )
=	90.717	/ (	(2.181	+	7.29)	/	2 )
=	90.717	/	4.7355
=	19.16

Central Development Holdings (HKSE:00475) 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.

Central Development Holdings Receivables Turnover Related Terms

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Central Development Holdings (HKSE:00475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Central Development Holdings Ltd (HKSE:00475) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, Room 2202, 22nd Floor, Wanchai, Chinachem Century Tower, Hong Kong, HKG

Website

http://www.475hk.com

Central Development Holdings Ltd is principally engaged in the Jewelry business and Solar energy business segments. The Jewelry business segment involves the wholesale of jewelry. Its Solar Energy business segment includes manufacturing and sales of solar cooling intelligent technology products using thermal cooling-stored pipes and sales of solar photovoltaic modules and components and provision of energy efficiency analysis and technology improvement advisory services on solar energy projects. The company generates maximum revenue from Liquefied natural gas (LNG) geographically, it derives a majority of its revenue from PRC.

Executives

Zhang Bing
Hu Yangjun	2101 Beneficial owner
Zhang Qi	2202 Interest of your spouse
Zhang Bing	2101 Beneficial owner
Resources Rich Capital Limited
Hu Yishi
Lin Min,mindy

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