Chervon Holdings (HKSE:02285) Receivables Turnover : 1.96 (As of Dec. 2023)

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What is Chervon 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. Chervon Holdings's Revenue for the six months ended in Dec. 2023 was HK$4,968 Mil. Chervon Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,535 Mil. Hence, Chervon Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.96.

Chervon Holdings Receivables Turnover Historical Data

The historical data trend for Chervon 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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Chervon Holdings Receivables Turnover Chart

Chervon Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.73

6.30

6.56

7.85

4.78

Chervon Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					2.98	3.58	3.98	2.90	1.96

Competitive Comparison of Chervon Holdings's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Chervon 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.

Chervon Holdings's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chervon Holdings's Receivables Turnover distribution charts can be found below:

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

Chervon Holdings Receivables Turnover Calculation

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

Chervon 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 )
=	10736.241	/ (	(1705.361	+	2784.873)	/	2 )
=	10736.241	/	2245.117
=	4.78

Chervon 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 )
=	4968.353	/ (	(2284.228	+	2784.873)	/	2 )
=	4968.353	/	2534.5505
=	1.96

Chervon Holdings (HKSE:02285) 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.

Chervon Holdings Receivables Turnover Related Terms

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Chervon Holdings (HKSE:02285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chervon Holdings Ltd (HKSE:02285) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CHRHF:USA AZ9:Germany

Address

No. 99, Tianyuan West Road, Jiangning Economic and Technological, Development Zone, Nanjing, CHN

Website

https://global.chervongroup.com

Chervon Holdings Ltd is an investment holding company. The company and its subsidiaries are engaged in researching, developing, manufacturing, testing, sales, and after-sale services for power tools, outdoor power equipment and related products. The Company earned majority of its revenue from Sales of outdoor power equipment.

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