Fortune Sun (China) Holdings (HKSE:00352) Receivables Turnover : 0.24 (As of Dec. 2023)

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What is Fortune Sun (China) 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. Fortune Sun (China) Holdings's Revenue for the six months ended in Dec. 2023 was HK$1.22 Mil. Fortune Sun (China) Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$5.08 Mil. Hence, Fortune Sun (China) Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 0.24.

Fortune Sun (China) Holdings Receivables Turnover Historical Data

The historical data trend for Fortune Sun (China) 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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Fortune Sun (China) Holdings Receivables Turnover Chart

Fortune Sun (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.11

2.07

2.47

0.85

1.66

Fortune Sun (China) Holdings 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															0.92	0.44	0.55	0.98	0.24

Competitive Comparison of Fortune Sun (China) Holdings's Receivables Turnover

For the Real Estate Services subindustry, Fortune Sun (China) 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.

Fortune Sun (China) Holdings's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fortune Sun (China) Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fortune Sun (China) Holdings's Receivables Turnover falls into.

Fortune Sun (China) Holdings Receivables Turnover Calculation

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

Fortune Sun (China) 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 )
=	9.807	/ (	(9.557	+	2.253)	/	2 )
=	9.807	/	5.905
=	1.66

Fortune Sun (China) Holdings'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 )
=	1.217	/ (	(7.908	+	2.253)	/	2 )
=	1.217	/	5.0805
=	0.24

Fortune Sun (China) Holdings (HKSE:00352) 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.

Fortune Sun (China) Holdings Receivables Turnover Related Terms

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Fortune Sun (China) Holdings (HKSE:00352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortune Sun (China) Holdings Ltd (HKSE:00352) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1500 Century Avenue, Unit 901, 9th Floor, Orient Building, Pudong New District, Shanghai, CHN, 200122

Website

http://www.fortune-sun.com

Fortune Sun (China) Holdings Ltd operates as an investment holding company. The firm operates a single business segment which is the provision of property consultancy and sales agency services for the primary property market in China. It specializes in diversified business models, such as real estate leasing, management, administration, sales, development, joint-building, buyout, and underwriting. Its geographical segments are China and Cambodia, of which nearly all of its revenues come from China.

Executives

Double Energy Limited	2101 Beneficial owner
Zhu Kai	2201 Interest of corporation controlled by you
Chang Hsiu Hua	2202 Interest of your spouse
Chiang Chen Feng	2201 Interest of corporation controlled by you
Active Star Investment Limited	2101 Beneficial owner
Lin Chien Ju	2101 Beneficial owner

Fortune Sun (China) Holdings (HKSE:00352) Headlines

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