Vistar Holdings (HKSE:08535) Receivables Turnover : 1.39 (As of Sep. 2023)

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What is Vistar 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. Vistar Holdings's Revenue for the three months ended in Sep. 2023 was HK$76.7 Mil. Vistar Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$55.0 Mil. Hence, Vistar Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 1.39.

Vistar Holdings Receivables Turnover Historical Data

The historical data trend for Vistar 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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Vistar Holdings Receivables Turnover Chart

Vistar Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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13.09

8.28

10.19

8.26

4.43

Vistar Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.43	1.49	1.13	1.17	1.39

Competitive Comparison of Vistar Holdings's Receivables Turnover

For the Security & Protection Services subindustry, Vistar 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.

Vistar Holdings's Receivables Turnover Distribution in the Business Services Industry

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

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

Vistar Holdings Receivables Turnover Calculation

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

Vistar 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 )
=	287.061	/ (	(69.223	+	60.356)	/	2 )
=	287.061	/	64.7895
=	4.43

Vistar 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: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	76.67	/ (	(0	+	54.985)	/	1 )
=	76.67	/	54.985
=	1.39

Vistar Holdings (HKSE:08535) 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.

Vistar Holdings Receivables Turnover Related Terms

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Vistar Holdings (HKSE:08535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vistar Holdings Ltd (HKSE:08535) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

27 Lee Chung Street, Unit 2, 13th Floor, Tak King Industrial Building, Chai Wan, Hong Kong, HKG

Website

https://www.vistarholdings.com

Vistar Holdings Ltd is engaged in the provision of electrical and mechanical engineering services in Hong Kong. The company operates through three segments, namely, Installation, Alteration, addition works, and Maintenance services. Its Installation segment is involved in the supply and carrying out of installation services; Its Alteration and addition work segment provides modification and additional work on the existing fire service systems. Its Maintenance services segment comprises of support and repair of fire service systems for existing buildings. The group derives its majority revenue from Hong Kong.

Executives

Noble Capital Concept Limited
Poon Ching Tong Tommy	2201 Interest of corporation controlled by you
Success Step Management Limited	2501 Other
Legend Advanced Limited	2101 Beneficial owner
Roberts Christopher John	2202 Interest of your spouse
Deng Anna Man Li	2202 Interest of your spouse
Poon Ken Ching Keung	2201 Interest of corporation controlled by you
Poon Kam Yee Odilia	2201 Interest of corporation controlled by you

Vistar Holdings (HKSE:08535) Headlines

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