Huaxi Holdings Co (HKSE:01689) Receivables Turnover : 0.46 (As of Dec. 2023)

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What is Huaxi Holdings Co 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. Huaxi Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$84.7 Mil. Huaxi Holdings Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$184.3 Mil. Hence, Huaxi Holdings Co's Receivables Turnover for the six months ended in Dec. 2023 was 0.46.

Huaxi Holdings Co Receivables Turnover Historical Data

The historical data trend for Huaxi Holdings Co'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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Huaxi Holdings Co Receivables Turnover Chart

Huaxi Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.92

2.51

1.32

0.64

0.79

Huaxi Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.60	0.24	0.49	0.34	0.46

Competitive Comparison of Huaxi Holdings Co's Receivables Turnover

For the Packaging & Containers subindustry, Huaxi Holdings Co'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.

Huaxi Holdings Co's Receivables Turnover Distribution in the Packaging & Containers Industry

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

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

Huaxi Holdings Co Receivables Turnover Calculation

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

Huaxi Holdings Co'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 )
=	155.387	/ (	(220.836	+	174.927)	/	2 )
=	155.387	/	197.8815
=	0.79

Huaxi Holdings Co'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 )
=	84.652	/ (	(193.634	+	174.927)	/	2 )
=	84.652	/	184.2805
=	0.46

Huaxi Holdings Co (HKSE:01689) 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.

Huaxi Holdings Co Receivables Turnover Related Terms

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Huaxi Holdings Co (HKSE:01689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huaxi Holdings Co Ltd (HKSE:01689) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Wanji North Street, Wanji Industrial District, Guangdong Province, Shantou, CHN

Website

https://www.huaxihds.com.hk

Huaxi Holdings Co Ltd is an investment holding company principally engaged in the manufacture and sale of packaging materials for a cigarette in China. It has two reportable segments: Cigarette Packaging Business and Environmental Treatment Business. The products of the group include tipping papers, inner frame aluminum papers, inner laser paper, cigarette box frame paper, and cigarette trademark labels. Geographically all the activities functioned through China, and generate a vast majority of its revenues from the cigarette packaging business.

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