SY Holdings Group (HKSE:06069) Receivables Turnover : 9.94 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is SY 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. SY Holdings Group's Revenue for the six months ended in Dec. 2023 was HK$513 Mil. SY Holdings Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$52 Mil. Hence, SY Holdings Group's Receivables Turnover for the six months ended in Dec. 2023 was 9.94.

SY Holdings Group Receivables Turnover Historical Data

The historical data trend for SY 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.

* Premium members only.

SY Holdings Group Receivables Turnover Chart

SY Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

74.87

46.30

25.36

22.47

20.01

SY Holdings Group Semi-Annual Data
	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												10.50	13.39	11.15	11.68	9.94

Competitive Comparison of SY Holdings Group's Receivables Turnover

For the Credit Services subindustry, SY 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.

SY Holdings Group's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, SY Holdings Group's Receivables Turnover distribution charts can be found below:

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

SY Holdings Group Receivables Turnover Calculation

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

SY Holdings Group'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 )
=	1053.876	/ (	(47.447	+	57.884)	/	2 )
=	1053.876	/	52.6655
=	20.01

SY Holdings Group'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 )
=	512.634	/ (	(45.254	+	57.884)	/	2 )
=	512.634	/	51.569
=	9.94

SY Holdings Group (HKSE:06069) 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.

SY Holdings Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of SY Holdings Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

SY Holdings Group (HKSE:06069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SY Holdings Group Ltd (HKSE:06069) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1 Zhong Xin Number 4 Road, 10/F and 18/F, Kerry Plaza Tower 2, Futian District, Shenzhen, CHN, 518048

Website

https://www.syholdings.com

SY Holdings Group Ltd, formerly Sheng Ye Capital Ltd is a financial services provider, that offers accounts receivable financing and other related solutions in the People's Republic of China. The company also provides factoring and credit assessment services. It earns its revenue from the provision of factoring services, guarantee services, information technology services, consulting services, and other services to customers in the People's Republic of China.

Executives

Tung Chi Fung	2307 Founder of a discretionary trust who can infl
Eander Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Wisdom Cosmos Limited	2101 Beneficial owner
Xitong International Holdings (hk) Limited	2101 Beneficial owner
Wu Xi Shi Jiao Tong Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

SY Holdings Group (HKSE:06069) Headlines

No Headlines