Lai Sun Development Co (HKSE:00488) Receivables Turnover : 8.93 (As of Jan. 2024)

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What is Lai Sun Development Co 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. Lai Sun Development Co's Revenue for the six months ended in Jan. 2024 was HK$3,039 Mil. Lai Sun Development Co's average Accounts Receivable for the six months ended in Jan. 2024 was HK$340 Mil. Hence, Lai Sun Development Co's Receivables Turnover for the six months ended in Jan. 2024 was 8.93.

Lai Sun Development Co Receivables Turnover Historical Data

The historical data trend for Lai Sun Development Co'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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Lai Sun Development Co Receivables Turnover Chart

Lai Sun Development Co Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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6.73

6.18

18.59

13.79

13.15

Lai Sun Development Co Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															8.40	6.71	6.38	6.76	8.93

Competitive Comparison of Lai Sun Development Co's Receivables Turnover

For the Real Estate - Diversified subindustry, Lai Sun Development Co'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.

Lai Sun Development Co's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Lai Sun Development Co's Receivables Turnover falls into.

Lai Sun Development Co Receivables Turnover Calculation

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

Lai Sun Development Co's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	4901.537	/ (	(399.768	+	345.574)	/	2 )
=	4901.537	/	372.671
=	13.15

Lai Sun Development Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	3038.925	/ (	(345.574	+	334.969)	/	2 )
=	3038.925	/	340.2715
=	8.93

Lai Sun Development Co (HKSE:00488) 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.

Lai Sun Development Co Receivables Turnover Related Terms

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Lai Sun Development Co (HKSE:00488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lai Sun Development Co Ltd (HKSE:00488) » Definitions » Receivables Turnover

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LVSDF:USA

Address

680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, Hong Kong, HKG

Website

https://www.laisun.com

Lai Sun Development Co Ltd is an investment holding company. The company's operating segment includes property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation and others. The property development and sales segment is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Hong Kong, Mainland China and Macau.

Lai Sun Development Co (HKSE:00488) Headlines

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