Hans Energy Co (HKSE:00554) Receivables Turnover : 6.82 (As of Dec. 2023)

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What is Hans Energy Co 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. Hans Energy Co's Revenue for the six months ended in Dec. 2023 was HK$501.1 Mil. Hans Energy Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$73.5 Mil. Hence, Hans Energy Co's Receivables Turnover for the six months ended in Dec. 2023 was 6.82.

Hans Energy Co Receivables Turnover Historical Data

The historical data trend for Hans Energy Co'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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Hans Energy Co Receivables Turnover Chart

Hans Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.53

28.26

8.99

2.32

7.46

Hans Energy Co 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															0.86	1.26	1.38	2.42	6.82

Competitive Comparison of Hans Energy Co's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Hans Energy Co'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.

Hans Energy Co's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hans Energy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hans Energy Co's Receivables Turnover falls into.

Hans Energy Co Receivables Turnover Calculation

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

Hans Energy Co'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 )
=	948.51	/ (	(238.672	+	15.752)	/	2 )
=	948.51	/	127.212
=	7.46

Hans Energy Co'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 )
=	501.143	/ (	(131.194	+	15.752)	/	2 )
=	501.143	/	73.473
=	6.82

Hans Energy Co (HKSE:00554) 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.

Hans Energy Co Receivables Turnover Related Terms

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Hans Energy Co (HKSE:00554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hans Energy Co Ltd (HKSE:00554) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Harbour Road, Unit 2608, 26th Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.hansenergy.com

Hans Energy Co Ltd is an operator in the provision of terminal and storage facilities and services for liquid petrochemical products in South China. The company provides integrated facilities of jetties, storage tanks, warehousing, and logistics services. Its reporting segments are Trading, Terminal storage, and Retail. It derives key revenue from the Trading segment which represents the group's trading of oil and petrochemical products business carried out in the PRC and Hong Kong.

Executives

An David	2101 Beneficial owner
Julius Baer Family Office & Trust Ltd.
Vand Petro-chemicals (bvi) Company Ltd.	2101 Beneficial owner
Extreme Wise Investments Limited	2101 Beneficial owner

Hans Energy Co (HKSE:00554) Headlines

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