Eminence Enterprise (HKSE:00616) Receivables Turnover : 14.25 (As of Sep. 2024)

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What is Eminence Enterprise 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. Eminence Enterprise's Revenue for the six months ended in Sep. 2024 was HK$16.75 Mil. Eminence Enterprise's average Accounts Receivable for the six months ended in Sep. 2024 was HK$1.18 Mil. Hence, Eminence Enterprise's Receivables Turnover for the six months ended in Sep. 2024 was 14.25.

Eminence Enterprise Receivables Turnover Historical Data

The historical data trend for Eminence Enterprise'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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Eminence Enterprise Receivables Turnover Chart

Eminence Enterprise Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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36.39

5.18

2.46

19.68

36.65

Eminence Enterprise Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															5.65	7.75	22.94	22.49	14.25

Competitive Comparison of Eminence Enterprise's Receivables Turnover

For the Real Estate Services subindustry, Eminence Enterprise'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.

Eminence Enterprise's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eminence Enterprise's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eminence Enterprise's Receivables Turnover falls into.

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Eminence Enterprise Receivables Turnover Calculation

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

Eminence Enterprise's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	30.693	/ (	(0.816	+	0.859)	/	2 )
=	30.693	/	0.8375
=	36.65

Eminence Enterprise's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	16.747	/ (	(0.859	+	1.492)	/	2 )
=	16.747	/	1.1755
=	14.25

Eminence Enterprise (HKSE:00616) 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.

Eminence Enterprise Receivables Turnover Related Terms

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Eminence Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eminence Enterprise Ltd (HKSE:00616) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

481-483 Castle Peak Road, Block A, 7th Floor Hong Kong Spinners Building, Phase 6, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.eminence-enterprise.com

Eminence Enterprise Ltd is principally engaged in property investment, property development, investment in securities and loan financing business segments. The company owns and invests in residential, commercial, and industrial properties. It is also involved sourcing and exporting garments, and holding and leasing residential and industrial investment properties. The firm generates its majority revenue from the Property investment segment.

Executives

Hooper Christopher Geoffrey Douglas	2201 Interest of corporation controlled by you
Markson International Holding Limited	2201 Interest of corporation controlled by you
Hooper Ivan Geoffrey Douglas	2201 Interest of corporation controlled by you
Magical Profits Limited	2201 Interest of corporation controlled by you
Accumulate More Profits Limited	2201 Interest of corporation controlled by you
Goodco Development Limited	2101 Beneficial owner
Easyknit Properties Holdings Limited	2201 Interest of corporation controlled by you
Winterbotham Holdings Limited	2201 Interest of corporation controlled by you
The Winterbotham Trust Company Limited As Trustee Of The Magical 2000 Trust	2201 Interest of corporation controlled by you
Easyknit International Holdings Limited	2201 Interest of corporation controlled by you
Chan Lo Chiu Angus	2101 Beneficial owner
Chu Nin Yiu, Stephen	2101 Beneficial owner
Law Sai Hung
Hu Rong	2101 Beneficial owner
Ng Wang Chun Joseph	2101 Beneficial owner

Eminence Enterprise Headlines

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