CASH Financial Services Group (STU:CFN) Receivables Turnover : 0.12 (As of Dec. 2023)

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What is CASH Financial Services Group 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. CASH Financial Services Group's Revenue for the six months ended in Dec. 2023 was €2.22 Mil. CASH Financial Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was €19.19 Mil. Hence, CASH Financial Services Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.12.

CASH Financial Services Group Receivables Turnover Historical Data

The historical data trend for CASH Financial Services Group'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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CASH Financial Services Group Receivables Turnover Chart

CASH Financial Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.37

0.32

0.41

0.58

0.35

CASH Financial Services Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.08	0.23	0.36	0.19	0.12

Competitive Comparison of CASH Financial Services Group's Receivables Turnover

For the Capital Markets subindustry, CASH Financial Services Group'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.

CASH Financial Services Group's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CASH Financial Services Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CASH Financial Services Group's Receivables Turnover falls into.

CASH Financial Services Group Receivables Turnover Calculation

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

CASH Financial Services Group'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 )
=	6.613	/ (	(22.846	+	15.119)	/	2 )
=	6.613	/	18.9825
=	0.35

CASH Financial Services Group'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 )
=	2.217	/ (	(23.262	+	15.119)	/	2 )
=	2.217	/	19.1905
=	0.12

CASH Financial Services Group (STU:CFN) 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.

CASH Financial Services Group Receivables Turnover Related Terms

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CASH Financial Services Group (STU:CFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CASH Financial Services Group Ltd (STU:CFN) » Definitions » Receivables Turnover

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Traded in Other Exchanges

00510:Hong Kong

Address

23 Wang Tai Road, 22nd Floor, Manhattan Place, Kowloon Bay, Hong Kong, HKG

Website

https://www.cfsg.com.hk

CASH Financial Services Group Ltd states itself as a financial services conglomerate in China which provides mobile and premium trading, investment banking, algo trading and corporate finance advisory, wealth and asset management, alternative trading, and various other products and services. The company has two reportable segments namely Financial services (including broking, investment banking, asset management and wealth management services) and Proprietary trading activities for the purposes of resource allocation and performance assessment. It generates maximum revenue from Financial services segment. Geographically, it derives a majority of revenue from Hong Kong.

CASH Financial Services Group (STU:CFN) Headlines

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