Jia Yao Holdings (HKSE:01626) Receivables Turnover : 3.84 (As of Dec. 2023)

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What is Jia Yao 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. Jia Yao Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,016 Mil. Jia Yao Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$265 Mil. Hence, Jia Yao Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.84.

Jia Yao Holdings Receivables Turnover Historical Data

The historical data trend for Jia Yao 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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Jia Yao Holdings Receivables Turnover Chart

Jia Yao Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.66

5.27

7.53

7.86

5.94

Jia Yao 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															3.44	3.92	4.25	3.62	3.84

Competitive Comparison of Jia Yao Holdings's Receivables Turnover

For the Packaging & Containers subindustry, Jia Yao 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.

Jia Yao Holdings's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Jia Yao Holdings's Receivables Turnover distribution charts can be found below:

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

Jia Yao Holdings Receivables Turnover Calculation

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

Jia Yao 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 )
=	1592.173	/ (	(162.388	+	373.653)	/	2 )
=	1592.173	/	268.0205
=	5.94

Jia Yao 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 )
=	1016.221	/ (	(156.217	+	373.653)	/	2 )
=	1016.221	/	264.935
=	3.84

Jia Yao Holdings (HKSE:01626) 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.

Jia Yao Holdings Receivables Turnover Related Terms

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Jia Yao Holdings (HKSE:01626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jia Yao Holdings Ltd (HKSE:01626) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 6 Qingdao Road, Dongshan Economic Developing District, Hubei Province, Yichang, CHN

Website

http://www.jiayaoholdings.com/en

Jia Yao Holdings Ltd is involved in the business of design, printing and sales of paper cigarette packages and social product paper packages. The segments of the group are Paper cigarette packages; Social product paper packages; Electronic cigarettes and Trading goods. It derives key revenue from the Paper cigarette packages segment which involves the design, printing and sale of paper cigarette packages. The company manufactures various types of paper cigarette packages for customers, which can be broadly divided into Hard and soft cigarette packets; Cigarette cartons; and Gift sets designed to pack and carry various sets of cigarette packets. Social product paper packages segment involves the design, printing and sale of packages for alcohol, medicines and food, among others.

Jia Yao Holdings (HKSE:01626) Headlines

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