Fineland Living Services Group (HKSE:09978) Receivables Turnover : 1.84 (As of Dec. 2023)

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What is Fineland Living Services 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. Fineland Living Services Group's Revenue for the six months ended in Dec. 2023 was HK$228.8 Mil. Fineland Living Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$124.1 Mil. Hence, Fineland Living Services Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.84.

Fineland Living Services Group Receivables Turnover Historical Data

The historical data trend for Fineland Living Services 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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Fineland Living Services Group Receivables Turnover Chart

Fineland Living Services Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.79

9.78

9.76

4.87

4.01

Fineland Living Services Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											3.70	2.61	2.06	1.88	1.84

Competitive Comparison of Fineland Living Services Group's Receivables Turnover

For the Real Estate Services subindustry, Fineland Living Services 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.

Fineland Living Services Group's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fineland Living Services Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fineland Living Services Group's Receivables Turnover falls into.

Fineland Living Services Group Receivables Turnover Calculation

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

Fineland Living Services 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 )
=	466.807	/ (	(119.408	+	113.696)	/	2 )
=	466.807	/	116.552
=	4.01

Fineland Living Services 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 )
=	228.807	/ (	(134.421	+	113.696)	/	2 )
=	228.807	/	124.0585
=	1.84

Fineland Living Services Group (HKSE:09978) 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.

Fineland Living Services Group Receivables Turnover Related Terms

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Fineland Living Services Group (HKSE:09978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fineland Living Services Group Ltd (HKSE:09978) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 Tiyu East Road, Fineland Plaza, Tianhe District, Guangzhou, CHN

Website

http://www.finelandassets.com

Fineland Living Services Group Ltd formerly Fineland Real Estate Services Group Ltd is principally engaged in the provision of comprehensive real estate agency services. The company through its operators in Guangzhou, China provides real estate agency services in both the primary and secondary property markets. It operates in the business segments of Real estate agency service which includes online property referral and agency service; Property research and consultancy service; and Integrated services.

Executives

Aspiring Vision Holdings Limited	2101 Beneficial owner
Huiyu Investment Holdings Limited	2101 Beneficial owner
Fineland Group Holdings Company Limited	2201 Interest of corporation controlled by you
Zheng Muming	2202 Interest of your spouse
Zheng Hui	2202 Interest of your spouse
Huang Peng	2103 Interests held jointly with another person
Tse Lai Wa	2103 Interests held jointly with another person
Fong Ming	2501 Other
Widethrive Investments Limited	2201 Interest of corporation controlled by you
Stand Smooth Group Limited	2201 Interest of corporation controlled by you
Mansion Green Holdings Limited	2101 Beneficial owner
Hero Dragon Management Limited	2201 Interest of corporation controlled by you
He Kangkang	2202 Interest of your spouse
Metropolitan Dawn Holdings Limited	2101 Beneficial owner
Rong Haiming	2201 Interest of corporation controlled by you

Fineland Living Services Group (HKSE:09978) Headlines

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