Asia Strategic Holdings (LSE:ASIA) Receivables Turnover : 19.83 (As of Sep. 2023)

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What is Asia Strategic 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. Asia Strategic Holdings's Revenue for the six months ended in Sep. 2023 was $12.60 Mil. Asia Strategic Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was $0.64 Mil. Hence, Asia Strategic Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 19.83.

Asia Strategic Holdings Receivables Turnover Historical Data

The historical data trend for Asia Strategic 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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Asia Strategic Holdings Receivables Turnover Chart

Asia Strategic Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Sep21

Sep22

Sep23

Receivables Turnover

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4.20

6.42

15.26

23.59

36.95

Asia Strategic Holdings Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial										4.86	9.97	13.28	18.11	19.83

Competitive Comparison of Asia Strategic Holdings's Receivables Turnover

For the Education & Training Services subindustry, Asia Strategic 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.

Asia Strategic Holdings's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Asia Strategic Holdings's Receivables Turnover distribution charts can be found below:

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

Asia Strategic Holdings Receivables Turnover Calculation

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

Asia Strategic Holdings's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	24.055	/ (	(0.648	+	0.654)	/	2 )
=	24.055	/	0.651
=	36.95

Asia Strategic Holdings'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 )
=	12.601	/ (	(0.617	+	0.654)	/	2 )
=	12.601	/	0.6355
=	19.83

Asia Strategic Holdings (LSE:ASIA) 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.

Asia Strategic Holdings Receivables Turnover Related Terms

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Asia Strategic Holdings (LSE:ASIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Asia Strategic Holdings Ltd (LSE:ASIA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Raffles Place, No. 32-01, UOB Plaza 1, Singapore, SGP, 048624

Website

http://www.asia-strategic.com

Asia Strategic Holdings Ltd is an investment-based company. The company's operating segments are Education; Services and Others. It generates maximum revenue from the Education segment. Education segment includes operation of education businesses ranging from early years to tertiary education and including vocational training, consultancy, advisory and project management services in the education sector in Myanmar and in Vietnam. Geographically, it derives a majority of revenue from Myanmar.