Hong Kong ChaoShang Group (HKSE:02322) Receivables Turnover : 0.33 (As of Sep. 2023)

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What is Hong Kong ChaoShang 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. Hong Kong ChaoShang Group's Revenue for the six months ended in Sep. 2023 was HK$88.0 Mil. Hong Kong ChaoShang Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$262.8 Mil. Hence, Hong Kong ChaoShang Group's Receivables Turnover for the six months ended in Sep. 2023 was 0.33.

Hong Kong ChaoShang Group Receivables Turnover Historical Data

The historical data trend for Hong Kong ChaoShang 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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Hong Kong ChaoShang Group Receivables Turnover Chart

Hong Kong ChaoShang Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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0.54

1.06

1.17

0.59

0.69

Hong Kong ChaoShang Group Semi-Annual Data
	Mar14	Sep14	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															0.32	0.28	0.47	0.21	0.33

Competitive Comparison of Hong Kong ChaoShang Group's Receivables Turnover

For the Conglomerates subindustry, Hong Kong ChaoShang 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.

Hong Kong ChaoShang Group's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hong Kong ChaoShang Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hong Kong ChaoShang Group's Receivables Turnover falls into.

Hong Kong ChaoShang Group Receivables Turnover Calculation

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

Hong Kong ChaoShang 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 )
=	198.924	/ (	(288.791	+	283.775)	/	2 )
=	198.924	/	286.283
=	0.69

Hong Kong ChaoShang 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 )
=	87.998	/ (	(283.775	+	241.842)	/	2 )
=	87.998	/	262.8085
=	0.33

Hong Kong ChaoShang Group (HKSE:02322) 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.

Hong Kong ChaoShang Group Receivables Turnover Related Terms

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Hong Kong ChaoShang Group (HKSE:02322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hong Kong ChaoShang Group Ltd (HKSE:02322) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chaoshang.hk

Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Moneylending, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing and asset management services in Hong Kong.

Executives

Lau Hoi Kit	2101 Beneficial owner
Superb Smart Limited	2101 Beneficial owner
Zheng Juhua	2201 Interest of corporation controlled by you

Hong Kong ChaoShang Group (HKSE:02322) Headlines

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