CR Construction Group Holdings (HKSE:01582) Receivables Turnover : 2.55 (As of Jun. 2024)

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What is CR Construction 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. CR Construction Group Holdings's Revenue for the six months ended in Jun. 2024 was HK$2,773 Mil. CR Construction Group Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was HK$1,089 Mil. Hence, CR Construction Group Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 2.55.

CR Construction Group Holdings Receivables Turnover Historical Data

The historical data trend for CR Construction 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.

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CR Construction Group Holdings Receivables Turnover Chart

CR Construction Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.01

9.35

4.80

4.09

3.25

CR Construction Group Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial									2.01	2.19	2.36	2.23	2.55

Competitive Comparison of CR Construction Group Holdings's Receivables Turnover

For the Engineering & Construction subindustry, CR Construction 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.

CR Construction Group Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, CR Construction Group Holdings's Receivables Turnover distribution charts can be found below:

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

CR Construction Group Holdings Receivables Turnover Calculation

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

CR Construction Group 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 )
=	5445.56	/ (	(1703.702	+	1649.94)	/	2 )
=	5445.56	/	1676.821
=	3.25

CR Construction Group 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 )
=	2773.188	/ (	(1649.94	+	527.885)	/	2 )
=	2773.188	/	1088.9125
=	2.55

CR Construction Group Holdings (HKSE:01582) 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.

CR Construction Group Holdings Receivables Turnover Related Terms

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CR Construction Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CR Construction Group Holdings Ltd (HKSE:01582) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Kwun Tong Road, Standard Chartered Tower, Units 3-16, 32rd Floor, Millennium City 1, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.cr-construction.com.hk

CR Construction Group Holdings Ltd is an investment holding company engaged in providing construction services. The company works as a main contractor or subcontractor, primarily in respect of building construction, repair, maintenance and addition, and alteration works. The majority of its revenue comes from Hong Kong.

Executives

Zhe Jiang Sheng Guo You Zi Ben Yun Ying You Xian Gong Si	2201 Interest of corporation controlled by you
Zhe Jiang Sheng Jian She Tou Zi Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Zhejiang Construction Group (h.k.) Limited	2201 Interest of corporation controlled by you
Cr Construction Investments Limited	2101 Beneficial owner
Zhejiang Construction Group (h.k) Holdings Limited	2201 Interest of corporation controlled by you
Ning Xing Ji Tuan You Xian Gong Si

CR Construction Group Holdings Headlines

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