Changsha Broad Homes Industrial Group Co (HKSE:02163) Receivables Turnover : 0.32 (As of Jun. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Changsha Broad Homes Industrial 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. Changsha Broad Homes Industrial Group Co's Revenue for the six months ended in Jun. 2024 was HK$909 Mil. Changsha Broad Homes Industrial Group Co's average Accounts Receivable for the six months ended in Jun. 2024 was HK$2,799 Mil. Hence, Changsha Broad Homes Industrial Group Co's Receivables Turnover for the six months ended in Jun. 2024 was 0.32.

Changsha Broad Homes Industrial Group Co Receivables Turnover Historical Data

The historical data trend for Changsha Broad Homes Industrial 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.

* Premium members only.

Changsha Broad Homes Industrial Group Co Receivables Turnover Chart

Changsha Broad Homes Industrial Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.52

1.08

1.18

0.75

0.80

Changsha Broad Homes Industrial Group Co 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									0.34	0.44	0.34	0.48	0.32

Competitive Comparison of Changsha Broad Homes Industrial Group Co's Receivables Turnover

For the Engineering & Construction subindustry, Changsha Broad Homes Industrial 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.

Changsha Broad Homes Industrial Group Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Changsha Broad Homes Industrial Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Changsha Broad Homes Industrial Group Co's Receivables Turnover falls into.

Changsha Broad Homes Industrial Group Co Receivables Turnover Calculation

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

Changsha Broad Homes Industrial 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 )
=	2407.528	/ (	(3151.367	+	2900.82)	/	2 )
=	2407.528	/	3026.0935
=	0.80

Changsha Broad Homes Industrial Group Co'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 )
=	909.071	/ (	(2900.82	+	2696.667)	/	2 )
=	909.071	/	2798.7435
=	0.32

Changsha Broad Homes Industrial Group Co (HKSE:02163) 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.

Changsha Broad Homes Industrial Group Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Changsha Broad Homes Industrial Group Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Changsha Broad Homes Industrial Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changsha Broad Homes Industrial Group Co Ltd (HKSE:02163) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 248, Yinshuang Road, Yuelu District, Hunan Province, Changsha, CHN

Website

http://www.bhome.com.cn

Changsha Broad Homes Industrial Group Co Ltd is involved in the construction industry in China. The business activities of the group are conducted through four segments namely PC unit manufacturing business, Modular Integrated Products Manufacturing, Digital EPC, and PC equipment manufacturing business. PC Unit Manufacturing segment derives revenue from the design, manufacturing, and sale of PC units. Geographically, it generates revenue from China.

Executives

Zhang Jian	2202 Interest of your spouse
Li Richard	2201 Interest of corporation controlled by you
Olp Capital Management Limited	2102 Investment manager
Rcwl Inc.	2201 Interest of corporation controlled by you
Shen Di Fan	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
Franchise Fund Lp	2101 Beneficial owner
Hu Nan Xiang Jiang Xin Qu Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Chang Sha Xiang Jiang Zi Chan Guan Li You Xian Gong Si	2305 Beneficiary of a trust
Massachusetts Institute Of Technology	2201 Interest of corporation controlled by you

Changsha Broad Homes Industrial Group Co Headlines

No Headlines