Fenbi (HKSE:02469) Receivables Turnover : 36.24 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Fenbi 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. Fenbi's Revenue for the six months ended in Dec. 2023 was HK$1,465 Mil. Fenbi's average Accounts Receivable for the six months ended in Dec. 2023 was HK$40 Mil. Hence, Fenbi's Receivables Turnover for the six months ended in Dec. 2023 was 36.24.

Fenbi Receivables Turnover Historical Data

The historical data trend for Fenbi'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.

* Premium members only.

Fenbi Receivables Turnover Chart

Fenbi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

244.81

356.20

529.97

253.90

127.63

Fenbi Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			272.82	120.35	77.58	56.93	36.24

Competitive Comparison of Fenbi's Receivables Turnover

For the Education & Training Services subindustry, Fenbi'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.

Fenbi's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Fenbi's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fenbi's Receivables Turnover falls into.

Fenbi Receivables Turnover Calculation

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

Fenbi'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 )
=	3304.654	/ (	(17.796	+	33.989)	/	2 )
=	3304.654	/	25.8925
=	127.63

Fenbi'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 )
=	1464.554	/ (	(46.847	+	33.989)	/	2 )
=	1464.554	/	40.418
=	36.24

Fenbi (HKSE:02469) 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.

Fenbi Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Fenbi's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Fenbi (HKSE:02469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Fenbi Ltd (HKSE:02469) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuxianqiao North Road, Room 601, 1-6th Floor, Building 103, No. 10 Courtyard, Chaoyang District, Beijing, CHN

Website

https://www.fenbi.com

Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. The company is a career test preparation service provider in China, providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and a number of professions and industries. It helps college graduates excel in the competitive selection process administered by governmental institutions, and help professionals obtain the relevant qualifications.

Executives

Li Yong	2103 Interests held jointly with another person
Wei Liang	2201 Interest of corporation controlled by you
Zhang Xiaolong	2201 Interest of corporation controlled by you
Li Xin	2103 Interests held jointly with another person
Chalk Sky Ltd	2101 Beneficial owner
Sonata (bvi) Limited	2201 Interest of corporation controlled by you
Ocorian Singapore Trust Company Pte. Ltd.	2301 Trustee
Ark Trust (hong Kong) Limited	2301 Trustee
Tencent Holdings Limited
Ho Chi Sing	2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Gp Iii Associates Ltd.	2201 Interest of corporation controlled by you
Zhou Quan	2201 Interest of corporation controlled by you
Matrix China Management Ii, L.p.	2201 Interest of corporation controlled by you
Matrix China Ii Gp Gp, Ltd.	2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Iii L.p.	2101 Beneficial owner

Fenbi (HKSE:02469) Headlines

No Headlines