Zhuguang Holdings Group Co (HKSE:01176) Receivables Turnover : 0.21 (As of Dec. 2023)

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What is Zhuguang Holdings Group 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. Zhuguang Holdings Group Co's Revenue for the six months ended in Dec. 2023 was HK$1,083 Mil. Zhuguang Holdings Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$5,083 Mil. Hence, Zhuguang Holdings Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 0.21.

Zhuguang Holdings Group Co Receivables Turnover Historical Data

The historical data trend for Zhuguang Holdings Group 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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Zhuguang Holdings Group Co Receivables Turnover Chart

Zhuguang Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.63

1.43

0.30

0.24

0.36

Zhuguang Holdings Group Co 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															0.14	0.10	0.12	0.10	0.21

Competitive Comparison of Zhuguang Holdings Group Co's Receivables Turnover

For the Real Estate Services subindustry, Zhuguang Holdings Group 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.

Zhuguang Holdings Group Co's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Zhuguang Holdings Group Co's Receivables Turnover falls into.

Zhuguang Holdings Group Co Receivables Turnover Calculation

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

Zhuguang Holdings Group Co'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 )
=	2050.576	/ (	(10429.19	+	978.694)	/	2 )
=	2050.576	/	5703.942
=	0.36

Zhuguang Holdings Group Co'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 )
=	1083.429	/ (	(9186.849	+	978.694)	/	2 )
=	1083.429	/	5082.7715
=	0.21

Zhuguang Holdings Group Co (HKSE:01176) 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.

Zhuguang Holdings Group Co Receivables Turnover Related Terms

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Zhuguang Holdings Group Co (HKSE:01176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhuguang Holdings Group Co Ltd (HKSE:01176) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

8 Finance Street, Room 5702-5703, 57th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

http://www.zhuguang.com.hk

Zhuguang Holdings Group Co Ltd engages in property development, property investment, project management, and other property development related services in the People's Republic of China. The company's core investment projects take place in tier-one and tier-two cities in China. The group's key projects include Zhuguang Yujing Scenic Garden, Pearl Yijing, Pearl Tianhu Yujing Garden, Zhuguang Financial Town One, Pearl Xincheng Yujing, and many others. The sale of properties from the Property Development Segment are responsible for most of the company's revenue. The company earns its revenue in both Hong Kong and Mainland China.

Zhuguang Holdings Group Co (HKSE:01176) Headlines

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