Based on the interim results below for Cabben Fashion Limited,it has shown a favourable receivables turnover ratio. Discuss 4possible strategies that Cabben Fashion Limited may haveimplemented to achieve an improved receivable turnover from 135days to 91 days.             

Cabbeen Fashion Limited
(incorporated in the Cayman Islands with limitedliability)

Cabbeen announces 2018 interim results
Profit for the period increased by 24.1% to RMB109.1 million
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(1 August 2018, Hong Kong) Cabbeen Fashion Limited ("Cabbeen" orthe "Company", including subsidiaries, the "Group", HKSE stockcode: 2030), one of the leading menswear designer brands in China,announces its results for the six months ended 30 June 2018 (the"period").

Results and Operation Highlights:

Financial Highlights

Revenue increased by 37.5% to RMB 558.1 million.

Gross profit increased by 23.0% to RMB 267.3 million, with grossprofit margin at 47.9%.

Profit for the period increased by 24.1% to RMB109.1 million,with net profit margin at 19.6%.

Basic earnings per share were RMB 0.1640, up 31.3% from the sameperiod in 2017.

Resolved to declare an interim dividend of 13.2 HK cents pershare.

Encouraging results from e-commercebusiness

Revenue from online shops increased 66.9% from the same periodin 2017 to RMB 214.0 million.

The number of membership and fan accounts on WeChat as of 30June 2018 were 3,119,000 (30 June 2017: 1,944,000), of which360,000 members (30 June 2017: 337,000) made purchases amounted toRMB 788.6 million (30 June 2017: RMB 681.6 million).

Improved overall inventory

Up to 30 June 2018, sell-through rate of the Group's 2017collections was 81.5% and 2018 spring/summer collections was56.0%.

Average inventory turnover days improved to 200 days from 296days for the same period in 2017.

Further enhanced financial robustness

Cashflow from operating activities improved to net inflow ofRMB48 million from net cash outflow during the first half of2017.

Average turnover days of trade and bills receivables improved to91 days from 135 days for the first half of 2017.

Cash and cash equivalents, pledged deposits, financial assetsand time deposits with initial terms of over three months totaledRMB 994.9 million, up from RMB945.6 million on 31 December2017.

Net debt position on 30 June 2018 improved to RMB 25.3 million,down from RMB 153.5 million on 31 December 2017.