Tristate Holdings (HKSE:00458) Receivables Turnover : 3.31 (As of Jun. 2024)

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What is Tristate 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. Tristate Holdings's Revenue for the six months ended in Jun. 2024 was HK$1,926 Mil. Tristate Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$582 Mil. Hence, Tristate Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 3.31.

Tristate Holdings Receivables Turnover Historical Data

The historical data trend for Tristate 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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Tristate Holdings Receivables Turnover Chart

Tristate Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.23

7.17

8.46

8.04

7.95

Tristate Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															3.95	4.79	3.69	3.63	3.31

Competitive Comparison of Tristate Holdings's Receivables Turnover

For the Apparel Manufacturing subindustry, Tristate 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.

Tristate Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tristate Holdings's Receivables Turnover distribution charts can be found below:

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

Tristate Holdings Receivables Turnover Calculation

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

Tristate 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 )
=	4215.667	/ (	(492.049	+	568.955)	/	2 )
=	4215.667	/	530.502
=	7.95

Tristate Holdings's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	1926.401	/ (	(568.955	+	595.645)	/	2 )
=	1926.401	/	582.3
=	3.31

Tristate Holdings (HKSE:00458) 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.

Tristate Holdings Receivables Turnover Related Terms

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Tristate Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tristate Holdings Ltd (HKSE:00458) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

66-72 Lei Muk Road, 5th Floor, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.tristateww.com

Tristate Holdings Ltd is an investment holding company engaged in the apparel business. The company's segment comprises the Garment manufacturing and Brands business. Its garment manufacturing segment includes the manufacture of the garment. The Brands business segment is involved in the distribution, retail, and trading of branded products. It derives a majority of its revenue from the revenue of the People's Republic of China and also has a presence in the United Kingdom, Italy, the United States of America, and Canada. The company generates maximum revenue from the Garment manufacturing segment.

Executives

New Perfect Global Limited	2201 Interest of corporation controlled by you
Sun Lin	2202 Interest of your spouse
Wang Kin Chung, Peter	2202 Interest of your spouse
Silver Tree Holdings Inc.	2101 Beneficial owner
Ting Daisy	2202 Interest of your spouse

Tristate Holdings Headlines

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