Ajisen (China) Holdings (HKSE:00538) Receivables Turnover : 9.23 (As of Dec. 2023)

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What is Ajisen (China) 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. Ajisen (China) Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,018 Mil. Ajisen (China) Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$110 Mil. Hence, Ajisen (China) Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 9.23.

Ajisen (China) Holdings Receivables Turnover Historical Data

The historical data trend for Ajisen (China) 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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Ajisen (China) Holdings Receivables Turnover Chart

Ajisen (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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98.57

76.66

86.06

16.31

10.82

Ajisen (China) Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															47.58	35.45	8.65	9.74	9.23

Competitive Comparison of Ajisen (China) Holdings's Receivables Turnover

For the Restaurants subindustry, Ajisen (China) 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.

Ajisen (China) Holdings's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Ajisen (China) Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ajisen (China) Holdings's Receivables Turnover falls into.

Ajisen (China) Holdings Receivables Turnover Calculation

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

Ajisen (China) 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 )
=	1985.653	/ (	(172.643	+	194.531)	/	2 )
=	1985.653	/	183.587
=	10.82

Ajisen (China) 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1017.826	/ (	(26.039	+	194.531)	/	2 )
=	1017.826	/	110.285
=	9.23

Ajisen (China) Holdings (HKSE:00538) 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.

Ajisen (China) Holdings Receivables Turnover Related Terms

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Ajisen (China) Holdings (HKSE:00538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ajisen (China) Holdings Ltd (HKSE:00538) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AJN:Germany

Address

24-26 Sze Shan Street, 6th Floor, Ajisen Group Tower, Block B, Yau Tong, Kowloon, Hong Kong, HKG

Website

https://www.ajisen.com.hk

Ajisen (China) Holdings Ltd is a Fast casual restaurant chain operator selling Japanese ramen and Japanese-style dishes in Hong Kong and the PRC. The company has three operating segments; The operation of Restaurants segment includes the operation of restaurants in Mainland China and Hong Kong, the Manufacture and sales of noodles and related products segment includes the manufacture and sales of noodles and related products in Mainland China and Hong Kong, and Investment holding segment includes investments in property interests, investments in financial instruments and interests in associates and a joint venture. It derives a majority of its revenue from China.

Executives

Invesco Hong Kong Limited	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Hsbc International Trustee Limited	2301 Trustee
Poon Wai	2101 Beneficial owner

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