Ronshine Service Holding Co (HKSE:02207) Receivables Turnover : 1.38 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Ronshine Service Holding 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. Ronshine Service Holding Co's Revenue for the six months ended in Dec. 2023 was HK$506.6 Mil. Ronshine Service Holding Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$365.8 Mil. Hence, Ronshine Service Holding Co's Receivables Turnover for the six months ended in Dec. 2023 was 1.38.

Ronshine Service Holding Co Receivables Turnover Historical Data

The historical data trend for Ronshine Service Holding 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.

Ronshine Service Holding Co Receivables Turnover Chart

Ronshine Service Holding Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.23

6.20

5.24

2.81

2.72

Ronshine Service Holding Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					2.13	1.36	1.30	1.34	1.38

Competitive Comparison of Ronshine Service Holding Co's Receivables Turnover

For the Real Estate Services subindustry, Ronshine Service Holding 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.

Ronshine Service Holding Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ronshine Service Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ronshine Service Holding Co's Receivables Turnover falls into.

Ronshine Service Holding Co Receivables Turnover Calculation

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

Ronshine Service Holding 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 )
=	985.699	/ (	(354.425	+	370.856)	/	2 )
=	985.699	/	362.6405
=	2.72

Ronshine Service Holding Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	506.576	/ (	(360.734	+	370.856)	/	2 )
=	506.576	/	365.795
=	1.38

Ronshine Service Holding Co (HKSE:02207) 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.

Ronshine Service Holding Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Ronshine Service Holding Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ronshine Service Holding Co (HKSE:02207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ronshine Service Holding Co Ltd (HKSE:02207) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 226 Panyang Road, Room 401-3, Building No. 6, Minhang District, Shanghai, CHN

Website

http://www.rxswy.com

Ronshine Service Holding Co Ltd is principally engaged in the provision of property management services and related value-added services, including pre-delivery services, household assistance services, sales services, and other services in China. The company derives a majority of its revenue from the People's Republic of China.

Executives

Ou Zonghong	2307 Founder of a discretionary trust who can infl
Hsbc International Trustee Limited	2301 Trustee
Rongan Juxiang Co., Ltd	2201 Interest of corporation controlled by you
Rongxin Yipin Co., Ltd	2101 Beneficial owner
Fumei International Co., Ltd	2101 Beneficial owner

Ronshine Service Holding Co (HKSE:02207) Headlines

No Headlines