Trendzon Holdings Group (HKSE:01865) Receivables Turnover : 2.64 (As of Sep. 2023)

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What is Trendzon 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. Trendzon Holdings Group's Revenue for the six months ended in Sep. 2023 was HK$168.3 Mil. Trendzon Holdings Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$63.8 Mil. Hence, Trendzon Holdings Group's Receivables Turnover for the six months ended in Sep. 2023 was 2.64.

Trendzon Holdings Group Receivables Turnover Historical Data

The historical data trend for Trendzon 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.

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Trendzon Holdings Group Receivables Turnover Chart

Trendzon Holdings Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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12.43

11.68

8.07

5.65

4.78

Trendzon Holdings Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial										2.58	2.41	2.56	4.94	2.64

Competitive Comparison of Trendzon Holdings Group's Receivables Turnover

For the Engineering & Construction subindustry, Trendzon 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.

Trendzon Holdings Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Trendzon Holdings Group's Receivables Turnover distribution charts can be found below:

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

Trendzon Holdings Group Receivables Turnover Calculation

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

Trendzon Holdings Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	351.906	/ (	(74.307	+	73.03)	/	2 )
=	351.906	/	73.6685
=	4.78

Trendzon Holdings Group'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 )
=	168.298	/ (	(73.03	+	54.576)	/	2 )
=	168.298	/	63.803
=	2.64

Trendzon Holdings Group (HKSE:01865) 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.

Trendzon Holdings Group Receivables Turnover Related Terms

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Trendzon Holdings Group (HKSE:01865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trendzon Holdings Group Ltd (HKSE:01865) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Gateway, Suite 2108, Prudential Tower, Harbour City, Hong Kong, HKG, 758110

Website

https://www.trendzon1865.com

Trendzon Holdings Group Ltd is an investment holding company. It is engaged in the provision of infrastructural pipeline construction and related engineering services mainly to private and public utilities companies in the gas, water, telecommunications, and power industries, trading of building materials, brokerage, placing and margin financing services. The company's operating segment includes Construction services, Brokerage, placing and margin financing services, and Trading of building materials. It generates maximum revenue from the Construction contracts segment. Geographically, it derives a majority of its revenue from Singapore.

Executives

Zhang Jiancheng	2201 Interest of corporation controlled by you
Zhong Bei Zi Ben You Xian Gong Si	2101 Beneficial owner
Shang Hai He Ri Tou Zi You Xian Gong Si	2101 Beneficial owner

Trendzon Holdings Group (HKSE:01865) Headlines

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