Citychamp Watch & Jewellery Group (Citychamp Watch & Jewellery Group) Receivables Turnover : 0.14 (As of Dec. 2023)

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What is Citychamp Watch & Jewellery 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. Citychamp Watch & Jewellery Group's Revenue for the six months ended in Dec. 2023 was $113.4 Mil. Citychamp Watch & Jewellery Group's average Accounts Receivable for the six months ended in Dec. 2023 was $837.6 Mil. Hence, Citychamp Watch & Jewellery Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.14.

Citychamp Watch & Jewellery Group Receivables Turnover Historical Data

The historical data trend for Citychamp Watch & Jewellery 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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Citychamp Watch & Jewellery Group Receivables Turnover Chart

Citychamp Watch & Jewellery Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.43

0.24

0.29

0.32

0.33

Citychamp Watch & Jewellery Group Semi-Annual Data
	Jun14	Dec14	Jun15	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															0.16	0.15	0.14	0.13	0.14

Competitive Comparison of Citychamp Watch & Jewellery Group's Receivables Turnover

For the Luxury Goods subindustry, Citychamp Watch & Jewellery 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.

Citychamp Watch & Jewellery Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Citychamp Watch & Jewellery Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Citychamp Watch & Jewellery Group's Receivables Turnover falls into.

Citychamp Watch & Jewellery Group Receivables Turnover Calculation

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

Citychamp Watch & Jewellery 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 )
=	221.373	/ (	(635.17	+	709.857)	/	2 )
=	221.373	/	672.5135
=	0.33

Citychamp Watch & Jewellery 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 )
=	113.414	/ (	(965.281	+	709.857)	/	2 )
=	113.414	/	837.569
=	0.14

Citychamp Watch & Jewellery Group (OTCPK:CEBTF) 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.

Citychamp Watch & Jewellery Group Receivables Turnover Related Terms

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Citychamp Watch & Jewellery Group (Citychamp Watch & Jewellery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Citychamp Watch & Jewellery Group Ltd (OTCPK:CEBTF) » Definitions » Receivables Turnover

Traded in Other Exchanges

00256:Hong Kong

Address

1 Austin Road West, Units 1902-04, Level 19, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.citychampwj.com

Citychamp Watch & Jewellery Group Ltd is a Hong Kong-based investment holding company principally engaged in watches and timepieces product businesses. It has three reportable segments namely manufacture and distribution of watches and timepieces, property investments, and banking and financial businesses. The company possesses proprietary brands, highlighted by Rossini and EBOHR, which both manufacture and sell their own branded watches throughout China. It also possesses renowned global watch brands Corum, Eterna, Rotary, Dreyfuss & Co, and J&T Windmills among others. Watches and timepieces are the major sources of revenue for the company.

Citychamp Watch & Jewellery Group (Citychamp Watch & Jewellery Group) Headlines

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