China Cultural Tourism and Agriculture Group (HKSE:00542) Receivables Turnover : 10.29 (As of Jun. 2024)

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What is China Cultural Tourism and Agriculture Group 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. China Cultural Tourism and Agriculture Group's Revenue for the six months ended in Jun. 2024 was HK$13.5 Mil. China Cultural Tourism and Agriculture Group's average Accounts Receivable for the six months ended in Jun. 2024 was HK$1.3 Mil. Hence, China Cultural Tourism and Agriculture Group's Receivables Turnover for the six months ended in Jun. 2024 was 10.29.

China Cultural Tourism and Agriculture Group Receivables Turnover Historical Data

The historical data trend for China Cultural Tourism and Agriculture Group'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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China Cultural Tourism and Agriculture Group Receivables Turnover Chart

China Cultural Tourism and Agriculture Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.22

10.34

19.48

11,008.93

487.64

China Cultural Tourism and Agriculture Group 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															6,913.10	8,214.62	93.74	370.12	10.29

Competitive Comparison of China Cultural Tourism and Agriculture Group's Receivables Turnover

For the Real Estate - Development subindustry, China Cultural Tourism and Agriculture Group'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.

China Cultural Tourism and Agriculture Group's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Cultural Tourism and Agriculture Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Cultural Tourism and Agriculture Group's Receivables Turnover falls into.

China Cultural Tourism and Agriculture Group Receivables Turnover Calculation

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

China Cultural Tourism and Agriculture Group'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 )
=	305.02	/ (	(0.23	+	1.021)	/	2 )
=	305.02	/	0.6255
=	487.64

China Cultural Tourism and Agriculture Group'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 )
=	13.489	/ (	(1.021	+	1.602)	/	2 )
=	13.489	/	1.3115
=	10.29

China Cultural Tourism and Agriculture Group (HKSE:00542) 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.

China Cultural Tourism and Agriculture Group Receivables Turnover Related Terms

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China Cultural Tourism and Agriculture Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Cultural Tourism and Agriculture Group Ltd (HKSE:00542) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

128 Carpenter Road, Unit 402, Kowloon City Plaza, Kowloon, HKG

Website

http://www.cctagroup.com.hk/tc/index.php

China Cultural Tourism and Agriculture Group Ltd is engaged in the Property development segment comprises the development and sales of properties and provision of ancillary services including agency and clubhouse operating services; the Hotel business segment comprises the sub-licensing rights to hotel operators and hotel management activities and Other Business including Trading of hygiene products. It derives maximum revenue from the Property Development Segment.

Executives

Huang Anfeng	2101 Beneficial owner
Bright Goal Investment Holding Limited
Lin Rujie	2202 Interest of your spouse
Yang Lijun	2201 Interest of corporation controlled by you
All Great International Holdings Limited	2101 Beneficial owner
Honor Huge Investment Holdings Limited	2201 Interest of corporation controlled by you
Jade Leader International Investment Limited	2201 Interest of corporation controlled by you
Chen Kaijun	2201 Interest of corporation controlled by you
High Summit Global Limited	2101 Beneficial owner
Shirble Department Store Holdings (china) Limited	2201 Interest of corporation controlled by you
Huang Xue Rong	2304 Executor or administrator
Yang Xiang Bo	2201 Interest of corporation controlled by you
Zhang Zhen Cheng	2101 Beneficial owner

China Cultural Tourism and Agriculture Group Headlines

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