Summi (Group) Holdings (HKSE:00756) Receivables Turnover : 2.64 (As of Dec. 2023)

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What is Summi (Group) 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. Summi (Group) Holdings's Revenue for the six months ended in Dec. 2023 was HK$42.39 Mil. Summi (Group) Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$16.06 Mil. Hence, Summi (Group) Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.64.

Summi (Group) Holdings Receivables Turnover Historical Data

The historical data trend for Summi (Group) 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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Summi (Group) Holdings Receivables Turnover Chart

Summi (Group) Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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0.57

4.52

44.75

8.60

7.52

Summi (Group) 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															0.75	0.37	1.20	0.64	2.64

Competitive Comparison of Summi (Group) Holdings's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Summi (Group) 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.

Summi (Group) Holdings's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Summi (Group) Holdings's Receivables Turnover distribution charts can be found below:

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

Summi (Group) Holdings Receivables Turnover Calculation

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

Summi (Group) Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	23.37	/ (	(5.1	+	1.113)	/	2 )
=	23.37	/	3.1065
=	7.52

Summi (Group) 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 )
=	42.386	/ (	(1.113	+	31.011)	/	2 )
=	42.386	/	16.062
=	2.64

Summi (Group) Holdings (HKSE:00756) 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.

Summi (Group) Holdings Receivables Turnover Related Terms

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Summi (Group) Holdings (HKSE:00756) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Summi (Group) Holdings Ltd (HKSE:00756) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

838 Lai Chi Kok Road, Room 702, 7th Floor, Laford Centre, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.hksummi.com

Summi (Group) Holdings Ltd operates in the beverages business. The company and its subsidiaries are principally engaged in the sale of frozen concentrated orange juice and other related products; and production and sale of freshly squeezed orange juice. The products of the group are offered under Summi brand name. It operates in two segments: Production and Sale of FCOJ and Other Related Products Business and Production and Sale of Summi Fresh Orange Juice and Other Products Busines. The company generates maximum revenue from production and Sale of Summi Fresh Orange Juice and Other Products Business segment. Geographically the company operates in South East Asia, Mainland China and Hong Kong.

Executives

Rui Er Holdings Company Limited	2101 Beneficial owner
Wu Shaohao	2201 Interest of corporation controlled by you
Yang Xijuan	2202 Interest of your spouse
Hu Mingyue	2101 Beneficial owner
Hong Man Na	2202 Interest of your spouse

Summi (Group) Holdings (HKSE:00756) Headlines

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