CRBJF (China Resources Land) Receivables Turnover : 21.27 (As of Jun. 2024)

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What is China Resources Land 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. China Resources Land's Revenue for the six months ended in Jun. 2024 was $10,907 Mil. China Resources Land's average Accounts Receivable for the six months ended in Jun. 2024 was $513 Mil. Hence, China Resources Land's Receivables Turnover for the six months ended in Jun. 2024 was 21.27.

China Resources Land Receivables Turnover Historical Data

The historical data trend for China Resources Land'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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China Resources Land Receivables Turnover Chart

China Resources Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.31

74.47

88.57

71.66

74.58

China Resources Land Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															27.20	42.93	19.78	47.60	21.27

Competitive Comparison of China Resources Land's Receivables Turnover

For the Real Estate - Development subindustry, China Resources Land'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.

China Resources Land's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where China Resources Land's Receivables Turnover falls into.

China Resources Land Receivables Turnover Calculation

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

China Resources Land'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 )
=	35172.279	/ (	(462.533	+	480.678)	/	2 )
=	35172.279	/	471.6055
=	74.58

China Resources Land's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	10906.963	/ (	(480.678	+	545.002)	/	2 )
=	10906.963	/	512.84
=	21.27

China Resources Land (OTCPK:CRBJF) 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.

China Resources Land Receivables Turnover Related Terms

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China Resources Land Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Land Ltd (OTCPK:CRBJF) » Definitions » Receivables Turnover

Traded in Other Exchanges

CRBJY:USA 01109:Hong Kong CHZ:Germany

Address

26 Harbour Road, 46th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crland.com.hk

China Resources Land, or CR Land, is a leading real estate developer with nationwide coverage in China. Aside from the core development business, CR Land differentiates itself from peers with a significant investment property portfolio with luxury focused MixC malls, and it holds a 73.7% stake in listed property management company China Resources Mixc Lifestyle Services. CR Land is a subsidiary of China Resources Holdings, or CR Holdings, a sizable state-owned conglomerate with a diverse presence in the utilities, consumer goods, medical, and property sectors. CR Holdings holds about a 60% stake in CR Land.