China Partytime Culture Holdings (HKSE:01532) Receivables Turnover : 2.82 (As of Jun. 2024)

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What is China Partytime Culture 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. China Partytime Culture Holdings's Revenue for the six months ended in Jun. 2024 was HK$177.2 Mil. China Partytime Culture Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$62.9 Mil. Hence, China Partytime Culture Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 2.82.

China Partytime Culture Holdings Receivables Turnover Historical Data

The historical data trend for China Partytime Culture 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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China Partytime Culture Holdings Receivables Turnover Chart

China Partytime Culture Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.20

5.59

5.01

6.57

7.91

China Partytime Culture 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															2.19	1.68	3.16	3.12	2.82

Competitive Comparison of China Partytime Culture Holdings's Receivables Turnover

For the Apparel Manufacturing subindustry, China Partytime Culture 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.

China Partytime Culture Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where China Partytime Culture Holdings's Receivables Turnover falls into.

China Partytime Culture Holdings Receivables Turnover Calculation

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

China Partytime Culture 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 )
=	389.03	/ (	(57.681	+	40.652)	/	2 )
=	389.03	/	49.1665
=	7.91

China Partytime Culture 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 )
=	177.241	/ (	(40.652	+	85.194)	/	2 )
=	177.241	/	62.923
=	2.82

China Partytime Culture Holdings (HKSE:01532) 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.

China Partytime Culture Holdings Receivables Turnover Related Terms

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China Partytime Culture Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Partytime Culture Holdings Ltd (HKSE:01532) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3 Chunchao Road, Yichun Economic and Technological Development Zone, Jiangxi Province, Yichun, CHN

Website

http://www.partytime.com.cn

China Partytime Culture Holdings Ltd is an investment company. It is engaged in the design, development, production, selling, and marketing of cosplay products (including cosplay costumes and cosplay wigs) and non-cosplay apparel which include mainly sexy lingerie. The operating segments of the group are Wigs; Clothing and others, including cosplay costumes, sexy lingerie, and others; and the Leasing of factory premises involving self-owned or held under leasehold interest. The group derives revenue from the PRC, the U.S., Germany, the U.K., Australia, Holland, Japan and other countries.

Executives

Master Professional Holdings Limited	2101 Beneficial owner
Li Bin	2101 Beneficial owner
Feng Xianhua	2101 Beneficial owner
Chen Shucai	2201 Interest of corporation controlled by you
Ye Wanhong	2201 Interest of corporation controlled by you
Lam Shek Sun	2101 Beneficial owner
Ng Ting Wai	2101 Beneficial owner

China Partytime Culture Holdings Headlines

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