Taing Land Development (HKSE:00089) Receivables Turnover : 52.89 (As of Jun. 2024)

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What is Taing Land Development 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. Taing Land Development's Revenue for the six months ended in Jun. 2024 was HK$240.6 Mil. Taing Land Development's average Accounts Receivable for the six months ended in Jun. 2024 was HK$4.5 Mil. Hence, Taing Land Development's Receivables Turnover for the six months ended in Jun. 2024 was 52.89.

Taing Land Development Receivables Turnover Historical Data

The historical data trend for Taing Land Development'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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Taing Land Development Receivables Turnover Chart

Taing Land Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.89

17.91

260.41

164.99

158.52

Taing Land Development 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															10.48	10.67	67.05	86.17	52.89

Competitive Comparison of Taing Land Development's Receivables Turnover

For the Real Estate Services subindustry, Taing Land Development'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.

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

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

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

Taing Land Development Receivables Turnover Calculation

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

Taing Land Development'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 )
=	487.063	/ (	(3.527	+	2.618)	/	2 )
=	487.063	/	3.0725
=	158.52

Taing Land Development'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 )
=	240.589	/ (	(2.618	+	6.48)	/	2 )
=	240.589	/	4.549
=	52.89

Taing Land Development (HKSE:00089) 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.

Taing Land Development Receivables Turnover Related Terms

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Taing Land Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tai Sang Land Development Ltd (HKSE:00089) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

43 Heung Yip Road, 15th Floor, TS Tower, Wong Chuk Hang, Hong Kong, HKG

Website

http://www.tsld.com

Tai Sang Land Development Ltd is an investment holding company engaged in property investment, property rental, property development, estate management and agency, hotel operation and catering operation. It also earns revenue from Property rental, Property related services, and Hotel operations, Catering operations. The operating segments of the Group are Hong Kong and North America, out of which maximum revenue is derived from Hong Kong.

Executives

Kam Chan & Company, Limited	2101 Beneficial owner
Ma Ching Wai, William

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