Matrix Holdings (HKSE:01005) Receivables Turnover : 2.87 (As of Jun. 2023)

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What is Matrix 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. Matrix Holdings's Revenue for the six months ended in Jun. 2023 was HK$332.8 Mil. Matrix Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$115.8 Mil. Hence, Matrix Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 2.87.

Matrix Holdings Receivables Turnover Historical Data

The historical data trend for Matrix 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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Matrix Holdings Receivables Turnover Chart

Matrix Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.12

5.04

3.51

5.17

7.31

Matrix Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															2.45	3.44	3.59	3.71	2.87

Competitive Comparison of Matrix Holdings's Receivables Turnover

For the Leisure subindustry, Matrix 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.

Matrix Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Matrix Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Matrix Holdings's Receivables Turnover falls into.

Matrix Holdings Receivables Turnover Calculation

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

Matrix Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	986.094	/ (	(185.482	+	84.262)	/	2 )
=	986.094	/	134.872
=	7.31

Matrix Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	332.795	/ (	(84.262	+	147.36)	/	2 )
=	332.795	/	115.811
=	2.87

Matrix Holdings (HKSE:01005) 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.

Matrix Holdings Receivables Turnover Related Terms

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Matrix Holdings (HKSE:01005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Matrix Holdings Ltd (HKSE:01005) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Chatham Road South, Unit 01, Suite 1001, 10th Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.matrix.hk.com

Matrix Holdings Ltd, an investment holding company, manufactures and trades in toys and lighting products. It offers plastic, die-cast, and plush toys. The business activity of the group functions through the United States, Europe, Mexico, Canada, South America, Australia, New Zealand, and internationally from which it derives the majority of revenue from the United States. Manufacturing services offered by the group include design, prototyping, molding, product validation, multi-skilled manufacturing, general assembly, and packaging. The activities of the group are reported under single segment being manufacturing and trading of toys and lighting products.

Executives

Smart Forest Limited	2101 Beneficial owner
Cheng Yung Pun	2201 Interest of corporation controlled by you

Matrix Holdings (HKSE:01005) Headlines

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