Hongkong Chinese (FRA:HKC) Receivables Turnover : 11.07 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Hongkong Chinese 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. Hongkong Chinese's Revenue for the six months ended in Dec. 2023 was €4.45 Mil. Hongkong Chinese's average Accounts Receivable for the six months ended in Dec. 2023 was €0.40 Mil. Hence, Hongkong Chinese's Receivables Turnover for the six months ended in Dec. 2023 was 11.07.

Hongkong Chinese Receivables Turnover Historical Data

The historical data trend for Hongkong Chinese'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.

* Premium members only.

Hongkong Chinese Receivables Turnover Chart

Hongkong Chinese Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.44

12.99

24.51

19.92

17.60

Hongkong Chinese Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															14.55	13.57	10.63	10.45	11.07

Competitive Comparison of Hongkong Chinese's Receivables Turnover

For the Real Estate Services subindustry, Hongkong Chinese'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.

Hongkong Chinese's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hongkong Chinese's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hongkong Chinese's Receivables Turnover falls into.

Hongkong Chinese Receivables Turnover Calculation

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

Hongkong Chinese'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 )
=	8.782	/ (	(0.512	+	0.486)	/	2 )
=	8.782	/	0.499
=	17.60

Hongkong Chinese'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 )
=	4.454	/ (	(0.319	+	0.486)	/	2 )
=	4.454	/	0.4025
=	11.07

Hongkong Chinese (FRA:HKC) 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.

Hongkong Chinese Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Hongkong Chinese's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hongkong Chinese (FRA:HKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hongkong Chinese Ltd (FRA:HKC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

00655:Hong Kong

Address

Lippo Centre, 89 Queensway, 40th Floor, Tower Two, Hong Kong, HKG

Website

https://www.hkchinese.com.hk

Hongkong Chinese Ltd is an investment holding company. The company's operating segments are Property Investment, which includes investments relating to the letting and resale of properties; the Property development segment is into the development and sale of properties; the Treasury investment segment includes investments in money markets; the Securities investment segment invests in securities that are held for trading and for long-term strategic purpose; and Others. Its geographical segments are Hong Kong, Mainland China, Singapore, Indonesia, and others.

Hongkong Chinese (FRA:HKC) Headlines

No Headlines