Keyne (HKSE:00009) Receivables Turnover : 1.66 (As of Jun. 2023)

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What is Keyne 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. Keyne's Revenue for the six months ended in Jun. 2023 was HK$13.47 Mil. Keyne's average Accounts Receivable for the six months ended in Jun. 2023 was HK$8.09 Mil. Hence, Keyne's Receivables Turnover for the six months ended in Jun. 2023 was 1.66.

Keyne Receivables Turnover Historical Data

The historical data trend for Keyne'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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Keyne Receivables Turnover Chart

Keyne Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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6.26

4.60

10.53

2.37

2.22

Keyne Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															1.23	1.12	1.32	0.91	1.66

Competitive Comparison of Keyne's Receivables Turnover

For the Real Estate - Development subindustry, Keyne'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.

Keyne's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Keyne's Receivables Turnover distribution charts can be found below:

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

Keyne Receivables Turnover Calculation

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

Keyne's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	17.186	/ (	(7.355	+	8.122)	/	2 )
=	17.186	/	7.7385
=	2.22

Keyne's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	13.467	/ (	(8.122	+	8.064)	/	2 )
=	13.467	/	8.093
=	1.66

Keyne (HKSE:00009) 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.

Keyne Receivables Turnover Related Terms

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Keyne (HKSE:00009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Keyne Ltd (HKSE:00009) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Lee Garden One, Room 4101, 41st Floor, Causeway Bay, Hong Kong, HKG

Website

https://www.keyneltd.com

Keyne Ltd is an investment holding company that operates in the real estate sector. The company has three segments: Property rental, Property & hotel development, and Centralised heat supply. The majority of its revenue comes from the Property rental segment. All of its revenues come from Mainland China.

Executives

Crosby Investment Holdings Inc.	2201 Interest of corporation controlled by you
Feng Zi Yuan Zhong Guo Fa Zhan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
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Unicorn Star Properties Limited	2201 Interest of corporation controlled by you
Soaring Sky Worldwide Limited	2201 Interest of corporation controlled by you
Ong Sek Hian (wang Shixian)	2201 Interest of corporation controlled by you
Ong Jenn (wang Zhen)	2201 Interest of corporation controlled by you
Metro Holdings Limited	2201 Interest of corporation controlled by you
Jovial Paradise Limited	2201 Interest of corporation controlled by you
Infrared Partners Llp	2201 Interest of corporation controlled by you
Infrared Nf China Real Estate Fund Iii L.p.	2201 Interest of corporation controlled by you
Infrared Nf China Investors Iii Limited	2201 Interest of corporation controlled by you
Infrared Nf China Holdings Limited	2201 Interest of corporation controlled by you

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