Come Sure Group holdings (HKSE:00794) Receivables Turnover : 1.87 (As of Sep. 2023)

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What is Come Sure Group 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. Come Sure Group holdings's Revenue for the six months ended in Sep. 2023 was HK$385.9 Mil. Come Sure Group holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$206.6 Mil. Hence, Come Sure Group holdings's Receivables Turnover for the six months ended in Sep. 2023 was 1.87.

Come Sure Group holdings Receivables Turnover Historical Data

The historical data trend for Come Sure Group 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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Come Sure Group holdings Receivables Turnover Chart

Come Sure Group holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.12

5.07

5.13

4.29

3.49

Come Sure Group 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															2.26	1.98	1.79	1.41	1.87

Competitive Comparison of Come Sure Group holdings's Receivables Turnover

For the Paper & Paper Products subindustry, Come Sure Group 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.

Come Sure Group holdings's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Come Sure Group holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Come Sure Group holdings's Receivables Turnover falls into.

Come Sure Group holdings Receivables Turnover Calculation

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

Come Sure Group 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 )
=	787.078	/ (	(273.489	+	178.014)	/	2 )
=	787.078	/	225.7515
=	3.49

Come Sure Group 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 )
=	385.899	/ (	(178.014	+	235.261)	/	2 )
=	385.899	/	206.6375
=	1.87

Come Sure Group holdings (HKSE:00794) 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.

Come Sure Group holdings Receivables Turnover Related Terms

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Come Sure Group holdings (HKSE:00794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Come Sure Group holdings (HKSE:00794) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Wing Tai Road, Units 8-10, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG

Website

http://www.comesure.com

Come Sure Group holdings an investment holding company. The company's operating segment includes Corrugated products; Offset printed corrugated products and Properties leasing. Corrugated products segment is engaged in the manufacture and sale of corrugated board and corrugated paper-based packing products. The Offset printed corrugated products are related to the manufacture and sale of offset printed corrugated products, and Properties leasing conduct properties leased in Hong Kong for rental income. It generates maximum revenue from the Corrugated products segment. Geographically, it derives a majority of revenue from the PRC and also has a presence in Hong Kong and Macau.

Executives

Perfect Group Version Limited
Hsbc International Trustee Limited	2301 Trustee
Chan Po Ting
Chong Kam Chau
Chong Kam Shing
Chong Wa Ching
Chong Wa Lam
Chong Wa Pan
Hung Woon Cheuk
Yuen Chung Yan
Jade City Assets Limited	2201 Interest of corporation controlled by you

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