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LET Group Holdings (HKSE:01383) Receivables Turnover : 162.07 (As of Jun. 2023)


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What is LET Group Holdings 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. LET Group Holdings's Revenue for the six months ended in Jun. 2023 was HK$190.9 Mil. LET Group Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$1.2 Mil. Hence, LET Group Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 162.07.


LET Group Holdings Receivables Turnover Historical Data

The historical data trend for LET Group Holdings'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.

* Premium members only.

LET Group Holdings Receivables Turnover Chart

LET Group Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.50 8.76 3.26 18.54 249.98

LET Group Holdings Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.76 32.83 76.93 90.82 162.07

Competitive Comparison of LET Group Holdings's Receivables Turnover

For the Resorts & Casinos subindustry, LET Group Holdings'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.


LET Group Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, LET Group Holdings's Receivables Turnover distribution charts can be found below:

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



LET Group Holdings Receivables Turnover Calculation

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

LET Group Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=394.34 / ((1.808 + 1.347) / 2 )
=394.34 / 1.5775
=249.98

LET Group Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=190.918 / ((1.347 + 1.009) / 2 )
=190.918 / 1.178
=162.07

* 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.


LET Group Holdings  (HKSE:01383) 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.


LET Group Holdings Receivables Turnover Related Terms

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LET Group Holdings (HKSE:01383) Business Description

Traded in Other Exchanges
N/A
Address
168–200 Connaught Road, Unit 1705, 17th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG
LET Group Holdings Ltd develops and operates integrated resorts across Asia, including the Russian Federation, the Philippines, Japan, Hong Kong, The PRC and Vietnam. The group also operates in the mall operation segment.
Executives
Lo Kai Bong 2101 Beneficial owner
Major Success Group Limited 2101 Beneficial owner
Allied Group Limited 2201 Interest of corporation controlled by you
Lee Seng Hui 2103 Interests held jointly with another person
First Asian Holdings Limited 2103 Interests held jointly with another person
Sun Hung Kai & Co. Limited 2201 Interest of corporation controlled by you
United Asia Finance Limited 2201 Interest of corporation controlled by you
Wooco Secretarial Services Limited 2104 Agent
Lee Seng Huang 2201 Interest of corporation controlled by you
Lee Su Hwei 2201 Interest of corporation controlled by you
Lee Shu Yin 2103 Interests held jointly with another person
Apac Resources Limited 2201 Interest of corporation controlled by you
Champion Trade Group Limited 2101 Beneficial owner

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