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Liu Chong Hing Investment (HKSE:00194) Receivables Turnover : 11.72 (As of Dec. 2023)


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What is Liu Chong Hing Investment 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. Liu Chong Hing Investment's Revenue for the six months ended in Dec. 2023 was HK$359.7 Mil. Liu Chong Hing Investment's average Accounts Receivable for the six months ended in Dec. 2023 was HK$30.7 Mil. Hence, Liu Chong Hing Investment's Receivables Turnover for the six months ended in Dec. 2023 was 11.72.


Liu Chong Hing Investment Receivables Turnover Historical Data

The historical data trend for Liu Chong Hing Investment'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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Liu Chong Hing Investment Receivables Turnover Chart

Liu Chong Hing Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.74 29.42 24.96 18.65 20.56

Liu Chong Hing Investment 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.31 10.63 9.34 10.89 11.72

Competitive Comparison of Liu Chong Hing Investment's Receivables Turnover

For the Real Estate - Development subindustry, Liu Chong Hing Investment'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.


Liu Chong Hing Investment's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Liu Chong Hing Investment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Liu Chong Hing Investment's Receivables Turnover falls into.



Liu Chong Hing Investment Receivables Turnover Calculation

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

Liu Chong Hing Investment'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 )
=732.311 / ((39.138 + 32.103) / 2 )
=732.311 / 35.6205
=20.56

Liu Chong Hing Investment'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 )
=359.727 / ((29.279 + 32.103) / 2 )
=359.727 / 30.691
=11.72

* 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.


Liu Chong Hing Investment  (HKSE:00194) 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.


Liu Chong Hing Investment Receivables Turnover Related Terms

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Liu Chong Hing Investment (HKSE:00194) Business Description

Traded in Other Exchanges
N/A
Address
24 Des Voeux Road Central, 23rd Floor, Chong Hing Bank Centre, Hong Kong, HKG
Liu Chong Hing Investment Ltd is an investment holding company engaged in property investment and property development. It has six operating segments the Property Investment segment is engaged in the investment and leasing of properties; the Property Development segment is engaged in the development and sales of properties; the Property Management segment is engaged in the provision of property management services; Treasury Investment is engaged in dealing and investing in securities and other financial instruments; Trading and Manufacturing segment is engaged in the manufacture and wholesale of magnetic products; Hotel Operation segment is engaged in the operation and management of hotels, and it derives the maximum revenue from the Property investment segment.
Executives
Alba Holdings Limited 2101 Beneficial owner
Liu Lit Chi 2201 Interest of corporation controlled by you

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