Henderson Land Development Co (Henderson Land Development Co) Receivables Turnover : 2.85 (As of Dec. 2023)

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What is Henderson Land Development 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. Henderson Land Development Co's Revenue for the six months ended in Dec. 2023 was $2,214 Mil. Henderson Land Development Co's average Accounts Receivable for the six months ended in Dec. 2023 was $778 Mil. Hence, Henderson Land Development Co's Receivables Turnover for the six months ended in Dec. 2023 was 2.85.

Henderson Land Development Co Receivables Turnover Historical Data

The historical data trend for Henderson Land Development 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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Henderson Land Development Co Receivables Turnover Chart

Henderson Land Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.75

2.30

2.95

4.18

4.86

Henderson Land Development 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															1.23	1.32	2.68	1.90	2.85

Competitive Comparison of Henderson Land Development Co's Receivables Turnover

For the Real Estate - Diversified subindustry, Henderson Land Development 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.

Henderson Land Development Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Henderson Land Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Henderson Land Development Co's Receivables Turnover falls into.

Henderson Land Development Co Receivables Turnover Calculation

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

Henderson Land Development 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 )
=	3530.18	/ (	(637.604	+	814.618)	/	2 )
=	3530.18	/	726.111
=	4.86

Henderson Land Development 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 )
=	2214.141	/ (	(740.968	+	814.618)	/	2 )
=	2214.141	/	777.793
=	2.85

Henderson Land Development Co (OTCPK:HLDVF) 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.

Henderson Land Development Co Receivables Turnover Related Terms

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Henderson Land Development Co (Henderson Land Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Henderson Land Development Co Ltd (OTCPK:HLDVF) » Definitions » Receivables Turnover

Traded in Other Exchanges

HLDCY:USA 00012:Hong Kong HLD:Germany

Address

8 Finance Street, 72nd -76th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

https://www.hld.com

Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.

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