Cosmopolitan International Holdings (HKSE:00120) Receivables Turnover : 89.67 (As of Dec. 2023)

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What is Cosmopolitan International 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. Cosmopolitan International Holdings's Revenue for the six months ended in Dec. 2023 was HK$53.80 Mil. Cosmopolitan International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$0.60 Mil. Hence, Cosmopolitan International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 89.67.

Cosmopolitan International Holdings Receivables Turnover Historical Data

The historical data trend for Cosmopolitan International 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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Cosmopolitan International Holdings Receivables Turnover Chart

Cosmopolitan International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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38.67

1,024.31

967.33

118.92

Cosmopolitan International Holdings 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															986.19	896.61	-	36.15	89.67

Competitive Comparison of Cosmopolitan International Holdings's Receivables Turnover

For the Real Estate - Diversified subindustry, Cosmopolitan International 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.

Cosmopolitan International Holdings's Receivables Turnover Distribution in the Real Estate Industry

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

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

Cosmopolitan International Holdings Receivables Turnover Calculation

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

Cosmopolitan International 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 )
=	77.3	/ (	(0.7	+	0.6)	/	2 )
=	77.3	/	0.65
=	118.92

Cosmopolitan International Holdings'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 )
=	53.8	/ (	(0.6	+	0.6)	/	2 )
=	53.8	/	0.6
=	89.67

Cosmopolitan International Holdings (HKSE:00120) 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.

Cosmopolitan International Holdings Receivables Turnover Related Terms

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Cosmopolitan International Holdings (HKSE:00120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cosmopolitan International Holdings Ltd (HKSE:00120) » Definitions » Receivables Turnover

Traded in Other Exchanges

02920:Hong Kong

Address

68 Yee Wo Street, 11th Floor, Causeway Bay, Hong Kong, HKG

Website

https://www.cosmoholdings.com

Cosmopolitan International Holdings Ltd is a real estate company. The company's operating segment includes Property development and investment and Financial assets investments. It generates maximum revenue from the property development and investment segment which comprises the development and sale of properties as well as the leasing of properties. Geographically, it derives a majority of its revenue from Mainland China.

Executives

Lo Yuk Sui	2201 Interest of corporation controlled by you
Century City International Holdings Limited	2201 Interest of corporation controlled by you
Paliburg Holdings Limited	2201 Interest of corporation controlled by you
Ysl International Holdings Limited	2201 Interest of corporation controlled by you
Regal Hotels International Holdings Limited	2201 Interest of corporation controlled by you
P&r Holdings Limited	2201 Interest of corporation controlled by you

Cosmopolitan International Holdings (HKSE:00120) Headlines

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