Pa Shun International Holdings (HKSE:00574) Receivables Turnover : 2.18 (As of Dec. 2023)

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What is Pa Shun International 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. Pa Shun International Holdings's Revenue for the six months ended in Dec. 2023 was HK$51.0 Mil. Pa Shun International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$23.4 Mil. Hence, Pa Shun International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.18.

Pa Shun International Holdings Receivables Turnover Historical Data

The historical data trend for Pa Shun International 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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Pa Shun International Holdings Receivables Turnover Chart

Pa Shun International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.62

2.90

2.56

5.32

6.94

Pa Shun International 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															0.99	1.92	2.58	6.35	2.18

Competitive Comparison of Pa Shun International Holdings's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Pa Shun International 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.

Pa Shun International Holdings's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Pa Shun International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pa Shun International Holdings's Receivables Turnover falls into.

Pa Shun International Holdings Receivables Turnover Calculation

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

Pa Shun International 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 )
=	141.568	/ (	(11.269	+	29.539)	/	2 )
=	141.568	/	20.404
=	6.94

Pa Shun International 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 )
=	50.968	/ (	(17.284	+	29.539)	/	2 )
=	50.968	/	23.4115
=	2.18

Pa Shun International Holdings (HKSE:00574) 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.

Pa Shun International Holdings Receivables Turnover Related Terms

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Pa Shun International Holdings (HKSE:00574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pa Shun International Holdings Ltd (HKSE:00574) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

229 Wufuqiao East Road, No. 608-616, Building 28, Longfor North Paradise Walk 2, Jinniu District, Sichuan Province, Chengdu, CHN

Website

http://www.pashun.com.cn

Pa Shun International Holdings Ltd is an investment holding company engaged in the manufacturing and distribution of pharmaceutical products. The business activity of the group is operated through Pharmaceutical distribution and Pharmaceutical manufacturing segment. Geographically all the activities are carried out in the PRC. The company derives the majority of revenue from the Pharmaceutical distribution segment which include sales of pharmaceutical products to wholesalers, franchise retail pharmacy chain stores and hospitals and other medical institutions in rural areas.

Executives

Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Arab Osman Mohammed	2104 Agent
Lai Wing Lun	2104 Agent
Win Win Stable No.3 Fund Sp	2106 Person having a security interest in shares
Zhongtai Innovation Capital Management Limited	2102 Investment manager
Chen Yenfei	2101 Beneficial owner
Praise Treasure Limited	2101 Beneficial owner

Pa Shun International Holdings (HKSE:00574) Headlines

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