Shin Hwa World (HKSE:00582) Receivables Turnover : 5.11 (As of Dec. 2023)

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What is Shin Hwa World 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. Shin Hwa World's Revenue for the six months ended in Dec. 2023 was HK$618 Mil. Shin Hwa World's average Accounts Receivable for the six months ended in Dec. 2023 was HK$121 Mil. Hence, Shin Hwa World's Receivables Turnover for the six months ended in Dec. 2023 was 5.11.

Shin Hwa World Receivables Turnover Historical Data

The historical data trend for Shin Hwa World'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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Shin Hwa World Receivables Turnover Chart

Shin Hwa World Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.31

8.88

10.55

Shin Hwa World 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															4.73	3.75	5.45	2.78	5.11

Competitive Comparison of Shin Hwa World's Receivables Turnover

For the Resorts & Casinos subindustry, Shin Hwa World'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.

Shin Hwa World's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shin Hwa World's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shin Hwa World's Receivables Turnover falls into.

Shin Hwa World Receivables Turnover Calculation

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

Shin Hwa World'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 )
=	1036.268	/ (	(127.646	+	68.757)	/	2 )
=	1036.268	/	98.2015
=	10.55

Shin Hwa World'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 )
=	618.174	/ (	(173.066	+	68.757)	/	2 )
=	618.174	/	120.9115
=	5.11

Shin Hwa World (HKSE:00582) 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.

Shin Hwa World Receivables Turnover Related Terms

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Shin Hwa World (HKSE:00582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shin Hwa World Ltd (HKSE:00582) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Nos. 168-200 Connaught Road Central, Units 1412-1413, 14th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.shw.com.hk

Shin Hwa World Ltd is an investment holding company. The company's operating segment includes Integrated Resort Development, Gaming Business, and Property Development. It generates maximum revenue from the Integrated Resort Development segment, which develops and operates integrated leisure and entertainment resorts. Geographically, it derives revenue from South Korea.

Executives

Resplendence Investment Development Limited	2101 Beneficial owner
Zhang Tingting	2201 Interest of corporation controlled by you
Lam Pauline	2101 Beneficial owner
Wealth Millennium Limited	2101 Beneficial owner
Xu Ning	2202 Interest of your spouse
Yang Zhihui	2201 Interest of corporation controlled by you
Lan Ding Guo Ji You Xian Gong Si	2101 Beneficial owner
Tinmark Development Limited
Yao Jianhui

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