HC Group (HKSE:02280) Receivables Turnover : 98.11 (As of Dec. 2023)

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What is HC Group 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. HC Group's Revenue for the six months ended in Dec. 2023 was HK$10,436 Mil. HC Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$106 Mil. Hence, HC Group's Receivables Turnover for the six months ended in Dec. 2023 was 98.11.

HC Group Receivables Turnover Historical Data

The historical data trend for HC Group'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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HC Group Receivables Turnover Chart

HC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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31.50

33.50

54.44

107.45

160.68

HC Group 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															45.73	41.22	89.50	85.26	98.11

Competitive Comparison of HC Group's Receivables Turnover

For the Information Technology Services subindustry, HC Group'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.

HC Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, HC Group's Receivables Turnover distribution charts can be found below:

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

HC Group Receivables Turnover Calculation

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

HC Group'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 )
=	20177.822	/ (	(133.455	+	117.702)	/	2 )
=	20177.822	/	125.5785
=	160.68

HC Group'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 )
=	10436.277	/ (	(95.05	+	117.702)	/	2 )
=	10436.277	/	106.376
=	98.11

HC Group (HKSE:02280) 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.

HC Group Receivables Turnover Related Terms

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HC Group (HKSE:02280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HC Group Inc (HKSE:02280) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hangxing Science Park, No. 11, Hepingli East Street, o Room B-1, 4 Floor, Building 2, Dongcheng District, Beijing, CHN, 100013

Website

https://www.hcgroup.com

HC Group Inc is a holding company based in China involved in e-commerce and related services. The company organizes itself into three segments based on service type. The technology-driven new retail segment provides integration services around the retailing of electronics. The smart industries segment provides a business-to-business trading platform as well as anti-counterfeiting products and supply chain management. The platform & corporate services segment primarily operates the media platform HC360.com and provides data-based marketing services. It generates a vast majority of its revenue from the smart industries segment.

Executives

Liu Jun	2101 Beneficial owner
Liu Xiaodong	2101 Beneficial owner
Fortune Value Investment Holdings Limited	2101 Beneficial owner
Zhu Lemin	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Digital China Holdings Limited
Digital China (bvi) Limited
Talent Gain Developments Limited
Ideal South Limited	2101 Beneficial owner
Wong Luen Hei	2201 Interest of corporation controlled by you

HC Group (HKSE:02280) Headlines

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