Rongzun International Holdings Group (HKSE:01780) Receivables Turnover : 4.12 (As of Sep. 2023)

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What is Rongzun International Holdings 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. Rongzun International Holdings Group's Revenue for the six months ended in Sep. 2023 was HK$108.1 Mil. Rongzun International Holdings Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$26.2 Mil. Hence, Rongzun International Holdings Group's Receivables Turnover for the six months ended in Sep. 2023 was 4.12.

Rongzun International Holdings Group Receivables Turnover Historical Data

The historical data trend for Rongzun International Holdings 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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Rongzun International Holdings Group Receivables Turnover Chart

Rongzun International Holdings Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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9.52

24.42

27.73

23.06

10.48

Rongzun International Holdings Group Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial									24.19	7.00	4.53	6.46	4.12

Competitive Comparison of Rongzun International Holdings Group's Receivables Turnover

For the Engineering & Construction subindustry, Rongzun International Holdings 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.

Rongzun International Holdings Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rongzun International Holdings Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rongzun International Holdings Group's Receivables Turnover falls into.

Rongzun International Holdings Group Receivables Turnover Calculation

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

Rongzun International Holdings 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 )
=	220.854	/ (	(23.721	+	18.414)	/	2 )
=	220.854	/	21.0675
=	10.48

Rongzun International Holdings 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 )
=	108.056	/ (	(18.414	+	34.023)	/	2 )
=	108.056	/	26.2185
=	4.12

Rongzun International Holdings Group (HKSE:01780) 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.

Rongzun International Holdings Group Receivables Turnover Related Terms

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Rongzun International Holdings Group (HKSE:01780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rongzun International Holdings Group Ltd (HKSE:01780) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 79 Lei Muk Road, Units 2803-2803A, Asia Trade Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.bnd-strategic.com.hk

B & D Strategic Holdings Ltd is an investment holding company. It operates in two segments: Alteration & addition works and Civil engineering works. Its Alteration & addition works include new structural works, fitting-out works, changes in facilities configuration, construction of a new extension to an existing building, conversion of an existing building to different types, fabrication, modification, removal, or installation of hardware and equipment; erection, relocation, or removal of partitions, doors, and windows; changes in the type of finishes and flooring materials. The Civil engineering segment includes site formation works and foundation works. All of its revenues are generated from Hong Kong.

Executives

Kaneko Hiroshi	2201 Interest of corporation controlled by you
Kyosei Technology Inc.	2101 Beneficial owner
Yanase Kenichi	2201 Interest of corporation controlled by you
Sky Winner Holdings Limited	2101 Beneficial owner
Chan Wai Ching Rebecca	2202 Interest of your spouse
Lam Ah Yee	2202 Interest of your spouse
Lo Wing Hang	2201 Interest of corporation controlled by you
Tang Wing Kwok	2201 Interest of corporation controlled by you

Rongzun International Holdings Group (HKSE:01780) Headlines

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