China Lesso Group Holdings (HKSE:02128) Receivables Turnover : 1.97 (As of Dec. 2024)

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What is China Lesso 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. China Lesso Group Holdings's Revenue for the six months ended in Dec. 2024 was HK$14,374 Mil. China Lesso Group Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was HK$7,303 Mil. Hence, China Lesso Group Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 1.97.

China Lesso Group Holdings Receivables Turnover Historical Data

The historical data trend for China Lesso 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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China Lesso Group Holdings Receivables Turnover Chart

China Lesso Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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10.43

8.90

5.43

4.63

3.99

China Lesso Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.63	2.28	2.28	1.96	1.97

Competitive Comparison of China Lesso Group Holdings's Receivables Turnover

For the Building Products & Equipment subindustry, China Lesso 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.

China Lesso Group Holdings's Receivables Turnover Distribution in the Construction Industry

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

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

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China Lesso Group Holdings Receivables Turnover Calculation

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

China Lesso Group Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	28855.428	/ (	(7393.647	+	7064.792)	/	2 )
=	28855.428	/	7229.2195
=	3.99

China Lesso Group Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	14374.034	/ (	(7540.762	+	7064.792)	/	2 )
=	14374.034	/	7302.777
=	1.97

China Lesso Group Holdings (HKSE:02128) 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.

China Lesso Group Holdings Receivables Turnover Related Terms

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China Lesso Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Lesso Group Holdings Ltd (HKSE:02128) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liansu Industrial Estate, Longjiang Town, Shunde District, Foshan, CHN, 528318

Website

https://www.lesso.com

China Lesso Group Holdings Ltd is engaged in the manufacturing and selling of piping and building materials in Mainland China. The company provides high-quality products and services such as plastic piping, building materials, and home improvement, new energy, environmental protection, and operates a supply chain service platform. It has three segments Southern China, including Guangdong Province, Guangxi Zhuang Autonomous Region, Hunan Province, Fujian Province, and Hainan Province; Other than Southern China, including regions in China other than Southern China; and Outside China.

Executives

Ubs Trustees (b.v.i.) Limited	2301 Trustee
New Fortune Star Limited	2101 Beneficial owner
Wong Luen Hei	2307 Founder of a discretionary trust who can infl
Zuo Xiaoping	2305 Beneficiary of a trust
Xi Xi Development Limited	2201 Interest of corporation controlled by you

China Lesso Group Holdings Headlines

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