Sun Hing Printing Holdings (HKSE:01975) Receivables Turnover : 4.26 (As of Dec. 2023)

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What is Sun Hing Printing 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. Sun Hing Printing Holdings's Revenue for the six months ended in Dec. 2023 was HK$152.7 Mil. Sun Hing Printing Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$35.9 Mil. Hence, Sun Hing Printing Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 4.26.

Sun Hing Printing Holdings Receivables Turnover Historical Data

The historical data trend for Sun Hing Printing 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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Sun Hing Printing Holdings Receivables Turnover Chart

Sun Hing Printing Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.32

5.36

5.28

8.14

9.10

Sun Hing Printing Holdings Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												3.82	3.22	4.98	3.95	4.26

Competitive Comparison of Sun Hing Printing Holdings's Receivables Turnover

For the Specialty Business Services subindustry, Sun Hing Printing 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.

Sun Hing Printing Holdings's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sun Hing Printing Holdings's Receivables Turnover distribution charts can be found below:

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

Sun Hing Printing Holdings Receivables Turnover Calculation

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

Sun Hing Printing 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 )
=	534.445	/ (	(79.682	+	37.74)	/	2 )
=	534.445	/	58.711
=	9.10

Sun Hing Printing 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 )
=	152.718	/ (	(37.74	+	34.019)	/	2 )
=	152.718	/	35.8795
=	4.26

Sun Hing Printing Holdings (HKSE:01975) 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.

Sun Hing Printing Holdings Receivables Turnover Related Terms

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Sun Hing Printing Holdings (HKSE:01975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sun Hing Printing Holdings Ltd (HKSE:01975) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

35-37 Lee Chung Street, 4th Floor, Sze Hing Industrial Building, Chai Wan, Hong Kong, HKG

Website

https://www.sunhingprinting.com

Sun Hing Printing Holdings Ltd printing service provider. The company provides printing services that involves printing solution consultation, pre-press, offset printing, post-press to delivery. The group has only one reportable operating segment which is the manufacture and sale of printing products. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States of America, Hong Kong, Oceania and Other Countries.

Executives

Goody Capital Limited
Goody Luck Limited
Chan Chi Ming
Chan Chun Sang Desmond
Chan Kenneth Chi Kin
Chan Peter Tit Sang
Leong Angela On Kei
Chan Lai Lin Diana
Lee Shuk Fong Rebecca
Tso Yin Wah
Wong Orangeo Wendy

Sun Hing Printing Holdings (HKSE:01975) Headlines

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