Tai Hing Group Holdings (HKSE:06811) Receivables Turnover : 54.11 (As of Dec. 2023)

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What is Tai Hing 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. Tai Hing Group Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,644 Mil. Tai Hing Group Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$30 Mil. Hence, Tai Hing Group Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 54.11.

Tai Hing Group Holdings Receivables Turnover Historical Data

The historical data trend for Tai Hing 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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Tai Hing Group Holdings Receivables Turnover Chart

Tai Hing Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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150.56

114.59

121.07

95.98

97.47

Tai Hing Group Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									66.00	50.78	61.34	62.51	54.11

Competitive Comparison of Tai Hing Group Holdings's Receivables Turnover

For the Restaurants subindustry, Tai Hing 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.

Tai Hing Group Holdings's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tai Hing Group Holdings's Receivables Turnover distribution charts can be found below:

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

Tai Hing Group Holdings Receivables Turnover Calculation

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

Tai Hing Group Holdings'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 )
=	3211.993	/ (	(27.66	+	38.246)	/	2 )
=	3211.993	/	32.953
=	97.47

Tai Hing 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 )
=	1643.8	/ (	(22.511	+	38.246)	/	2 )
=	1643.8	/	30.3785
=	54.11

Tai Hing Group Holdings (HKSE:06811) 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.

Tai Hing Group Holdings Receivables Turnover Related Terms

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Tai Hing Group Holdings (HKSE:06811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tai Hing Group Holdings Ltd (HKSE:06811) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hoi Wan Street, Quarry Bay, 13th Floor, Chinachem Exchange Square, Hong Kong, HKG

Website

https://www.taihing.com

Tai Hing Group Holdings Ltd is engaged in the management and operations of restaurants. The company's brand portfolio includes Hot Pot Couple, King Fong Bing Teng, and Asam Chicken Rice, which specialize in Taiwanese hotpots, sophisticated cha chaan teng cuisine, and Southeast Asian delights. Geographically, the firm has operational footprints in Hong Kong, Taiwan, Macau, and Mainland China.

Executives

Chan Wing On	2101 Beneficial owner
Leung Yi Ling	2202 Interest of your spouse
Jun Fa You Xian Gong Si	2101 Beneficial owner

Tai Hing Group Holdings (HKSE:06811) Headlines

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