Weiye Holdings (HKSE:01570) Receivables Turnover : 0.12 (As of Jun. 2024)

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What is Weiye 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. Weiye Holdings's Revenue for the six months ended in Jun. 2024 was HK$63.2 Mil. Weiye Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$521.8 Mil. Hence, Weiye Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 0.12.

Weiye Holdings Receivables Turnover Historical Data

The historical data trend for Weiye 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.

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Weiye Holdings Receivables Turnover Chart

Weiye Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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25.49

62.70

17.66

22.36

30.00

Weiye Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															3.69	0.63	3.22	0.64	0.12

Competitive Comparison of Weiye Holdings's Receivables Turnover

For the Real Estate - Development subindustry, Weiye 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.

Weiye Holdings's Receivables Turnover Distribution in the Real Estate Industry

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

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

Weiye Holdings Receivables Turnover Calculation

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

Weiye Holdings'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 )
=	1763.433	/ (	(72.069	+	45.483)	/	2 )
=	1763.433	/	58.776
=	30.00

Weiye Holdings'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 )
=	63.21	/ (	(45.483	+	998.083)	/	2 )
=	63.21	/	521.783
=	0.12

Weiye Holdings (HKSE:01570) 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.

Weiye Holdings Receivables Turnover Related Terms

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Weiye Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Weiye Holdings Ltd (HKSE:01570) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Zhengkai Avenue, 19th Floor, Building A, Intersection of Yanqqiao Road, Henan Province, Zhengzhou, CHN

Website

http://www.weiyeholdings.com

Weiye Holdings Ltd is an investment holding company. The company operates in two segments: Property development and Equipment manufacturing. The majority of its revenue comes from the Property development segment, which includes the development and sales of both commercial and residential property units, construction of resettlement houses in the PRC, and the leasing of investment properties to generate rental income and derive capital gains from the investment properties in the long term. The company's geographical segments are China, Singapore, and Others, of which nearly all of its revenue comes from China.

Executives

Ca Indosuez (switzerland) Sa, Singapore Branch	2302 Custodian
Fine Skill Holdings Limited	2101 Beneficial owner
Zhang Wei	2101 Beneficial owner
Chen Zhi Yong

Weiye Holdings Headlines

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