Hing Yip Holdings (HKSE:00132) Receivables Turnover : 4.78 (As of Dec. 2023)

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What is Hing Yip 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. Hing Yip Holdings's Revenue for the six months ended in Dec. 2023 was HK$407.1 Mil. Hing Yip Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$85.1 Mil. Hence, Hing Yip Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 4.78.

Hing Yip Holdings Receivables Turnover Historical Data

The historical data trend for Hing Yip 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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Hing Yip Holdings Receivables Turnover Chart

Hing Yip Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

26.29

7.57

9.18

10.88

9.89

Hing Yip Holdings 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															7.83	6.46	4.68	5.10	4.78

Competitive Comparison of Hing Yip Holdings's Receivables Turnover

For the Conglomerates subindustry, Hing Yip 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.

Hing Yip Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hing Yip Holdings's Receivables Turnover distribution charts can be found below:

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

Hing Yip Holdings Receivables Turnover Calculation

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

Hing Yip 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 )
=	821.423	/ (	(79.097	+	86.996)	/	2 )
=	821.423	/	83.0465
=	9.89

Hing Yip 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 )
=	407.147	/ (	(83.213	+	86.996)	/	2 )
=	407.147	/	85.1045
=	4.78

Hing Yip Holdings (HKSE:00132) 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.

Hing Yip Holdings Receivables Turnover Related Terms

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Hing Yip Holdings (HKSE:00132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hing Yip Holdings Ltd (HKSE:00132) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

62 Mody Road, Unit 501, Wing On Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://chinainvestments.tonghaiir.com

China Investments Holdings Ltd is an investment holding company. Its operating segment includes the Financial leasing business, Wellness elderly care business, Big data business, Property and industrial park investment business, and hotel business. It generates maximum revenue from the Financial leasing segment. The Financial leasing segment is engaged in the provision of finance lease consulting services and financing services in China. Its Property investments segment is engaged in holding investment properties, properties held for sale, and investment in the development and construction of the industrial park. Geographically, it derives a majority of its revenue from China.

Executives

Prize Rich Inc.	2201 Interest of corporation controlled by you
Guo Xing Zhong Ye Xiang Gang You Xian Gong Si	2101 Beneficial owner
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

Hing Yip Holdings (HKSE:00132) Headlines

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