Regina Miracle International (Holdings) (HKSE:02199) Receivables Turnover : 3.96 (As of Sep. 2023)

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What is Regina Miracle International (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. Regina Miracle International (Holdings)'s Revenue for the six months ended in Sep. 2023 was HK$3,545 Mil. Regina Miracle International (Holdings)'s average Accounts Receivable for the six months ended in Sep. 2023 was HK$895 Mil. Hence, Regina Miracle International (Holdings)'s Receivables Turnover for the six months ended in Sep. 2023 was 3.96.

Regina Miracle International (Holdings) Receivables Turnover Historical Data

The historical data trend for Regina Miracle International (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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Regina Miracle International (Holdings) Receivables Turnover Chart

Regina Miracle International (Holdings) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.53

8.27

6.59

7.45

8.49

Regina Miracle International (Holdings) Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial														3.14	3.21	4.50	4.04	3.96

Competitive Comparison of Regina Miracle International (Holdings)'s Receivables Turnover

For the Apparel Manufacturing subindustry, Regina Miracle International (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.

Regina Miracle International (Holdings)'s Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Regina Miracle International (Holdings)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Regina Miracle International (Holdings)'s Receivables Turnover falls into.

Regina Miracle International (Holdings) Receivables Turnover Calculation

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

Regina Miracle International (Holdings)'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 )
=	7879.287	/ (	(1146.208	+	710.534)	/	2 )
=	7879.287	/	928.371
=	8.49

Regina Miracle International (Holdings)'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 )
=	3544.797	/ (	(710.534	+	1078.957)	/	2 )
=	3544.797	/	894.7455
=	3.96

Regina Miracle International (Holdings) (HKSE:02199) 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.

Regina Miracle International (Holdings) Receivables Turnover Related Terms

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Regina Miracle International (Holdings) (HKSE:02199) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Regina Miracle International (Holdings) Ltd (HKSE:02199) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

RMT:Germany

Address

63 Wo Yi Hop Road, 10th Floor, Tower A, Regent Centre, Kwai Chung, Hong Kong, HKG

Website

https://www.reginamiracleholdings.com

Regina Miracle International (Holdings) Ltd is an investment holding company. The company's operating segment includes Intimate wear; Sports products; Consumer electronics components; Bra pads and molded products; Footwear and Fabric masks. The company generates maximum revenue from the Intimate wear segment which is engaged in the manufacturing and trading of bras, bra tops, panties, shapewear, and swimwear. Geographically, the company derives a majority of its revenue from the United States.

Executives

Regent Marvel Investment Holdings Limited	2101 Beneficial owner
Choy King Ngor	2202 Interest of your spouse
Hung Yau Lit	2201 Interest of corporation controlled by you
King Terrace Limited	2101 Beneficial owner
Hui Ching Lau	2201 Interest of corporation controlled by you
Yiheng Capital, Llc

Regina Miracle International (Holdings) (HKSE:02199) Headlines

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