Chinese Estates Holdings (HKSE:00127) Receivables Turnover : 5.77 (As of Jun. 2024)

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What is Chinese Estates 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. Chinese Estates Holdings's Revenue for the six months ended in Jun. 2024 was HK$195.1 Mil. Chinese Estates Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$33.8 Mil. Hence, Chinese Estates Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 5.77.

Chinese Estates Holdings Receivables Turnover Historical Data

The historical data trend for Chinese Estates 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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Chinese Estates Holdings Receivables Turnover Chart

Chinese Estates Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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68.91

21.98

25.99

14.11

11.95

Chinese Estates Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															5.97	6.59	6.14	5.77	4.05

Competitive Comparison of Chinese Estates Holdings's Receivables Turnover

For the Real Estate - Diversified subindustry, Chinese Estates 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.

Chinese Estates Holdings's Receivables Turnover Distribution in the Real Estate Industry

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

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

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Chinese Estates Holdings Receivables Turnover Calculation

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

Chinese Estates 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 )
=	479.589	/ (	(41.007	+	26.992)	/	2 )
=	479.589	/	33.9995
=	14.11

Chinese Estates Holdings'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 )
=	195.132	/ (	(26.992	+	40.591)	/	2 )
=	195.132	/	33.7915
=	5.77

Chinese Estates Holdings (HKSE:00127) 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.

Chinese Estates Holdings Receivables Turnover Related Terms

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Chinese Estates Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chinese Estates Holdings Ltd (HKSE:00127) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

311 Gloucester Road, 21st Floor, Chubb Tower, Windsor House, Causeway Bay, Hong Kong, HKG

Website

https://www.chineseestates.com

Chinese Estates Holdings Ltd is an investment holding company. The company's operating segment includes Property development and trading; Property leasing includes Retail and Non-retail; Listed equity investments at FVTOCI; Investments and treasury products at FVTPL; Unlisted investments, investment holding and brokerage, and other segments. The company's geographical segments include Hong Kong, United Kingdom, Mainland China, and Other countries.

Executives

Sino Omen Holdings Limited	2201 Interest of corporation controlled by you
Solar Bright Ltd.	2201 Interest of corporation controlled by you
Century Frontier Limited	2501 Other
Joseph Lau Luen Hung Investments Limited	2501 Other
Chan Hoi Wan	2203 Interest of your child under 18 years of age
Lau Luen Hung	2203 Interest of your child under 18 years of age

Chinese Estates Holdings Headlines

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