Hao Tian International Construction Investment Group (HKSE:01341) Receivables Turnover : 0.85 (As of Sep. 2023)

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What is Hao Tian International Construction Investment Group 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. Hao Tian International Construction Investment Group's Revenue for the six months ended in Sep. 2023 was HK$86.0 Mil. Hao Tian International Construction Investment Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$101.0 Mil. Hence, Hao Tian International Construction Investment Group's Receivables Turnover for the six months ended in Sep. 2023 was 0.85.

Hao Tian International Construction Investment Group Receivables Turnover Historical Data

The historical data trend for Hao Tian International Construction Investment Group'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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Hao Tian International Construction Investment Group Receivables Turnover Chart

Hao Tian International Construction Investment Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.16

2.70

2.54

1.84

2.27

Hao Tian International Construction Investment Group Semi-Annual Data
	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													0.91	0.83	1.00	1.16	0.85

Competitive Comparison of Hao Tian International Construction Investment Group's Receivables Turnover

For the Rental & Leasing Services subindustry, Hao Tian International Construction Investment Group'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.

Hao Tian International Construction Investment Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hao Tian International Construction Investment Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hao Tian International Construction Investment Group's Receivables Turnover falls into.

Hao Tian International Construction Investment Group Receivables Turnover Calculation

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

Hao Tian International Construction Investment Group'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 )
=	246	/ (	(126	+	91)	/	2 )
=	246	/	108.5
=	2.27

Hao Tian International Construction Investment Group'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 )
=	86	/ (	(91	+	111)	/	2 )
=	86	/	101
=	0.85

Hao Tian International Construction Investment Group (HKSE:01341) 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.

Hao Tian International Construction Investment Group Receivables Turnover Related Terms

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Hao Tian International Construction Investment Group (HKSE:01341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hao Tian International Construction Investment Group Ltd (HKSE:01341) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HAOTF:USA

Address

6-8 Harbour Road, Rooms 2510-2518, 25th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.haotianint.com.hk

Hao Tian International Construction Investment Group Ltd is an investment holding company. The company's operating segment includes the Rental and sale of construction machinery and spare parts business which generates majority revenue to the business; Provision of repair and maintenance and transportation service business; Money lending business; Provision of asset management, securities brokerage, commodities, futures, and other financial services business and Property development business. The company operates in Hong Kong, The People's Republic of China, Macau, and Cambodia geographically.

Executives

Aceso Life Science Group Limited	2201 Interest of corporation controlled by you
Asia Link Capital Investment Holdings Limited	2201 Interest of corporation controlled by you
Win Team Investments Limited	2201 Interest of corporation controlled by you
Hao Tian Management (china) Limited	2101 Beneficial owner
Li Shao Yu	2201 Interest of corporation controlled by you
Yi Tai Gu Fen Xiang Gang You Xian Gong Si	2101 Beneficial owner
Nei Meng Gu Yi Tai Mei Tan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Lin Yuan	2101 Beneficial owner
Hao Tian Management (hong Kong) Limited	2101 Beneficial owner
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares
Su Junhao	2101 Beneficial owner
Soaring Wealth Ventures Limited	2101 Beneficial owner

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