Seazen Group (HKSE:01030) Receivables Turnover : 1.40 (As of Dec. 2023)

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What is Seazen 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. Seazen Group's Revenue for the six months ended in Dec. 2023 was HK$84,146 Mil. Seazen Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$60,136 Mil. Hence, Seazen Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.40.

Seazen Group Receivables Turnover Historical Data

The historical data trend for Seazen 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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Seazen Group Receivables Turnover Chart

Seazen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.33

2.14

2.34

1.60

2.10

Seazen Group 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															1.12	0.58	1.09	0.70	1.40

Competitive Comparison of Seazen Group's Receivables Turnover

For the Real Estate - Development subindustry, Seazen 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.

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

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

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

Seazen Group Receivables Turnover Calculation

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

Seazen 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 )
=	130666.687	/ (	(68696.779	+	55705.003)	/	2 )
=	130666.687	/	62200.891
=	2.10

Seazen Group'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 )
=	84145.701	/ (	(64566.689	+	55705.003)	/	2 )
=	84145.701	/	60135.846
=	1.40

Seazen Group (HKSE:01030) 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.

Seazen Group Receivables Turnover Related Terms

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Seazen Group (HKSE:01030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Seazen Group Ltd (HKSE:01030) » Definitions » Receivables Turnover

Traded in Other Exchanges

6FLA:Germany

Address

No. 5, Lane 388, Zhongjiang Road, 11th Floor, Seazen Holdings Tower B, Putuo District, Shanghai, CHN, 200063

Website

http://www.seazengroup.com.cn

Seazen Group Ltd is an investment holding company that develops and sells properties. The company has two operating segments; The A-share company segment is engaged in the development of residential properties and mixed-use complexes for sale and investment, and the Non-A share companies segment is engaged in services. All the property development projects are in the People's Republic of China, and accordingly, the majority of the revenue of the Group is derived from the PRC.

Executives

Chen Jing	2202 Interest of your spouse
Chen Ting Sen (ptc) Limited	2301 Trustee
Wang Zhenhua	2307 Founder of a discretionary trust who can infl
Jiang Jinzhi	2201 Interest of corporation controlled by you

Seazen Group (HKSE:01030) Headlines

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