World Houseware holdings (HKSE:00713) Receivables Turnover : 0.83 (As of Dec. 2023)

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What is World Houseware 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. World Houseware holdings's Revenue for the six months ended in Dec. 2023 was HK$199.8 Mil. World Houseware holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$241.0 Mil. Hence, World Houseware holdings's Receivables Turnover for the six months ended in Dec. 2023 was 0.83.

World Houseware holdings Receivables Turnover Historical Data

The historical data trend for World Houseware 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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World Houseware holdings Receivables Turnover Chart

World Houseware holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.47

2.62

2.59

1.86

1.38

World Houseware 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															1.34	0.97	1.00	0.65	0.83

Competitive Comparison of World Houseware holdings's Receivables Turnover

For the Building Products & Equipment subindustry, World Houseware 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.

World Houseware holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, World Houseware holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where World Houseware holdings's Receivables Turnover falls into.

World Houseware holdings Receivables Turnover Calculation

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

World Houseware 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 )
=	380.63	/ (	(314.755	+	237.413)	/	2 )
=	380.63	/	276.084
=	1.38

World Houseware 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 )
=	199.848	/ (	(244.545	+	237.413)	/	2 )
=	199.848	/	240.979
=	0.83

World Houseware holdings (HKSE:00713) 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.

World Houseware holdings Receivables Turnover Related Terms

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World Houseware holdings (HKSE:00713) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » World Houseware holdings (HKSE:00713) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-18 Wah Sing Street, Flat C, 18th Floor, Bold Win Industrial Building, New Territories, Kwai Chung, Hong Kong, HKG

Website

http://www.worldhse.com

World Houseware holdings is an investment holding company. The company, along with its subsidiaries, operates in three segments. Its Household products segment is engaged in the manufacturing and distribution of household products, the PVC pipes and fittings segment manufactures and distributes PVC pipes and fittings, and the Property investment segment includes investment in properties. The firm generates a majority of its revenue from the PVC pipes and fittings segment.

Executives

Lee Hon Sing Alan
Lee Ka Yee
Lee Kwok Sing Stanley	2101 Beneficial owner
Fung Mei Po	2101 Beneficial owner
Lee Tat Hing	2101 Beneficial owner
Lee Chun Sing	2101 Beneficial owner

World Houseware holdings (HKSE:00713) Headlines

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