Modern Healthcare Technology Holdings (HKSE:00919) Receivables Turnover : 1.91 (As of Sep. 2023)

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What is Modern Healthcare Technology 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. Modern Healthcare Technology Holdings's Revenue for the six months ended in Sep. 2023 was HK$211.3 Mil. Modern Healthcare Technology Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$110.5 Mil. Hence, Modern Healthcare Technology Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 1.91.

Modern Healthcare Technology Holdings Receivables Turnover Historical Data

The historical data trend for Modern Healthcare Technology 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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Modern Healthcare Technology Holdings Receivables Turnover Chart

Modern Healthcare Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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17.34

19.74

23.76

37.12

6.67

Modern Healthcare Technology 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															12.86	13.47	3.07	1.39	1.91

Competitive Comparison of Modern Healthcare Technology Holdings's Receivables Turnover

For the Personal Services subindustry, Modern Healthcare Technology 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.

Modern Healthcare Technology Holdings's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Modern Healthcare Technology Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Modern Healthcare Technology Holdings's Receivables Turnover falls into.

Modern Healthcare Technology Holdings Receivables Turnover Calculation

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

Modern Healthcare Technology 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 )
=	406.327	/ (	(4.763	+	117.154)	/	2 )
=	406.327	/	60.9585
=	6.67

Modern Healthcare Technology 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 )
=	211.343	/ (	(117.154	+	103.884)	/	2 )
=	211.343	/	110.519
=	1.91

Modern Healthcare Technology Holdings (HKSE:00919) 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.

Modern Healthcare Technology Holdings Receivables Turnover Related Terms

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Modern Healthcare Technology Holdings (HKSE:00919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Modern Healthcare Technology Holdings Ltd (HKSE:00919) » Definitions » Receivables Turnover

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Traded in Other Exchanges

M3L:Germany

Address

9 Kai Cheung Road, Workshops Nos. 66-68, 6th Floor, Sino Industrial Plaza, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.modernhealthcaretech.com

Modern Healthcare Technology Holdings Ltd is an investment holding company. The company's operating segment includes Beauty and wellness services and Skincare and wellness products. The company generates maximum revenue from Beauty and wellness services segment. The Beauty and Wellness Services segment of the company is engaged in the provision of beauty and wellness services which provides a wide range of health and beauty services, covering skin care, slimming, massage, spa, hair care, manicure, hair removal, makeup, joint care, and privacy care. Geographically, the company derives the maximum of its revenue from Hong Kong and has a presence in Singapore; China, and Australia.

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