CK Hutchison Holdings (CK Hutchison Holdings) Receivables Turnover : 9.01 (As of Dec. 2023)

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What is CK Hutchison Holdings 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. CK Hutchison Holdings's Revenue for the six months ended in Dec. 2023 was $18,208 Mil. CK Hutchison Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $2,020 Mil. Hence, CK Hutchison Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 9.01.

CK Hutchison Holdings Receivables Turnover Historical Data

The historical data trend for CK Hutchison Holdings'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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CK Hutchison Holdings Receivables Turnover Chart

CK Hutchison Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.57

15.83

16.67

16.61

17.61

CK Hutchison Holdings 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															8.95	8.33	8.88	8.79	9.01

Competitive Comparison of CK Hutchison Holdings's Receivables Turnover

For the Conglomerates subindustry, CK Hutchison Holdings'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.

CK Hutchison Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CK Hutchison Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CK Hutchison Holdings's Receivables Turnover falls into.

CK Hutchison Holdings Receivables Turnover Calculation

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

CK Hutchison Holdings'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 )
=	35285.795	/ (	(1919.619	+	2086.737)	/	2 )
=	35285.795	/	2003.178
=	17.61

CK Hutchison Holdings'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 )
=	18207.637	/ (	(1953.402	+	2086.737)	/	2 )
=	18207.637	/	2020.0695
=	9.01

CK Hutchison Holdings (OTCPK:CKHUF) 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.

CK Hutchison Holdings Receivables Turnover Related Terms

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CK Hutchison Holdings (CK Hutchison Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CK Hutchison Holdings Ltd (OTCPK:CKHUF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

CKHUY:USA 00001:Hong Kong 2CK:Germany

Address

2 Queen’s Road Central, 48th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.ckh.com.hk

CK Hutchison Holdings, or CKH, is a Hong Kong headquartered conglomerate with key businesses in ports, retail, infrastructure, and telecommunications. The company was created in 2015 to house the merged assets of Cheung Kong Holdings and Hutchison Whampoa as the group sought to flatten out and simplify its original holding structure. CKH contains most of the businesses previously housed in Hutchison Whampoa, minus the property assets, which were spun off into their own listing, CK Asset Holdings. Telecommunications and infrastructure activities now make up the largest share of EBITDA, at around 27%.