DevGreat Group (HKSE:00755) Receivables Turnover : 1.42 (As of Jun. 2024)

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What is DevGreat 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. DevGreat Group's Revenue for the six months ended in Jun. 2024 was HK$102.8 Mil. DevGreat Group's average Accounts Receivable for the six months ended in Jun. 2024 was HK$72.4 Mil. Hence, DevGreat Group's Receivables Turnover for the six months ended in Jun. 2024 was 1.42.

DevGreat Group Receivables Turnover Historical Data

The historical data trend for DevGreat 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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DevGreat Group Receivables Turnover Chart

DevGreat Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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83.62

11.85

6.42

4.79

3.12

DevGreat Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															3.14	2.28	3.09	1.42	2.47

Competitive Comparison of DevGreat Group's Receivables Turnover

For the Real Estate - Development subindustry, DevGreat 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.

DevGreat Group's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where DevGreat Group's Receivables Turnover falls into.

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DevGreat Group Receivables Turnover Calculation

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

DevGreat 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 )
=	380.1	/ (	(61.939	+	96.626)	/	2 )
=	380.1	/	79.2825
=	4.79

DevGreat 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 )
=	102.795	/ (	(96.626	+	48.114)	/	2 )
=	102.795	/	72.37
=	1.42

DevGreat Group (HKSE:00755) 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.

DevGreat Group Receivables Turnover Related Terms

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DevGreat Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DevGreat Group Ltd (HKSE:00755) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room 2429-2430, 24th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

http://www.zendaiproperty.com

DevGreat Group Ltd formerly, Shanghai Zendai Property Ltd is an investment holding company in the property development business. It is organized into three operating segments: Sales of properties; Hotel operations; and Property rental, management, and agency services. The majority of its revenue is derived from the Property rental, management, and agency services segment. All of the group's revenues are derived from the People's Republic of China.

Executives

China Alliance Properties Limited	2101 Beneficial owner
Fosun International Holdings Ltd.	2201 Interest of corporation controlled by you
Fosun International Limited	2201 Interest of corporation controlled by you
Guo Guangchang	2201 Interest of corporation controlled by you
China Orient Asset Management (international) Holding Limited	2106 Person having a security interest in shares
Nantong Sanjian Holding (hk) Co., Limited	2101 Beneficial owner
Nan Tong San Jian Kong Gu You Xian Gong Si	2106 Person having a security interest in shares
Innumberable Fortune Limited	2101 Beneficial owner
Li Zhen	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
China Orient Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited	2201 Interest of corporation controlled by you
Wise Leader Assets Ltd.	2201 Interest of corporation controlled by you

DevGreat Group Headlines

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