GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sino Splendid Holdings Ltd (HKSE:08006) » Definitions » Receivables Turnover

Sino Splendid Holdings (HKSE:08006) Receivables Turnover : 0.32 (As of Dec. 2023)


View and export this data going back to 2000. Start your Free Trial

What is Sino Splendid 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. Sino Splendid Holdings's Revenue for the three months ended in Dec. 2023 was HK$9.87 Mil. Sino Splendid Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$30.85 Mil. Hence, Sino Splendid Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 0.32.


Sino Splendid Holdings Receivables Turnover Historical Data

The historical data trend for Sino Splendid 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.

* Premium members only.

Sino Splendid Holdings Receivables Turnover Chart

Sino Splendid Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.80 1.20 2.30 1.89 1.20

Sino Splendid Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.23 0.28 0.38 0.32

Competitive Comparison of Sino Splendid Holdings's Receivables Turnover

For the Publishing subindustry, Sino Splendid 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.


Sino Splendid Holdings's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sino Splendid Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sino Splendid Holdings's Receivables Turnover falls into.



Sino Splendid Holdings Receivables Turnover Calculation

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

Sino Splendid 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 )
=42.311 / ((39.704 + 30.852) / 2 )
=42.311 / 35.278
=1.20

Sino Splendid 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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=9.868 / ((0 + 30.852) / 1 )
=9.868 / 30.852
=0.32

* 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.


Sino Splendid Holdings  (HKSE:08006) 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.


Sino Splendid Holdings Receivables Turnover Related Terms

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


Sino Splendid Holdings (HKSE:08006) Business Description

Traded in Other Exchanges
N/A
Address
18 Queen’s Road Central, New World Tower, Unit 2302, 23rd Floor, Sheung Wan, Hong Kong, HKG
Sino Splendid Holdings Ltd is an investment holding company. The group is principally engaged in travel media operations with the provision of advertising services through internet and travel magazines, event organizing services, and magazine publication; provision of contents and advertising services in a financial magazine distributed in the People's Republic of China and investment in securities and money lending. The company operates in five segments namely travel media business; financial magazine business; securities investment; money lending; and virtual reality. It derives revenue from travel media business that provides advertising services through the internet and travel magazines, event organizing services, and magazine publication.
Executives
Niu Chengjun 2101 Beneficial owner

Sino Splendid Holdings (HKSE:08006) Headlines

No Headlines