Hong Kong Resources Holdings Co (HKSE:02882) Receivables Turnover : 6.02 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Hong Kong Resources Holdings 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. Hong Kong Resources Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$251.8 Mil. Hong Kong Resources Holdings Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$41.8 Mil. Hence, Hong Kong Resources Holdings Co's Receivables Turnover for the six months ended in Dec. 2023 was 6.02.

Hong Kong Resources Holdings Co Receivables Turnover Historical Data

The historical data trend for Hong Kong Resources Holdings 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.

Hong Kong Resources Holdings Co Receivables Turnover Chart

Hong Kong Resources Holdings Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

15.39

13.47

19.90

18.99

17.29

Hong Kong Resources Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.31	9.56	7.56	12.78	6.02

Competitive Comparison of Hong Kong Resources Holdings Co's Receivables Turnover

For the Luxury Goods subindustry, Hong Kong Resources Holdings 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.

Hong Kong Resources Holdings Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hong Kong Resources Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hong Kong Resources Holdings Co's Receivables Turnover falls into.

Hong Kong Resources Holdings Co Receivables Turnover Calculation

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

Hong Kong Resources Holdings Co's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	804.292	/ (	(45.348	+	47.692)	/	2 )
=	804.292	/	46.52
=	17.29

Hong Kong Resources Holdings 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 )
=	251.762	/ (	(47.692	+	35.967)	/	2 )
=	251.762	/	41.8295
=	6.02

Hong Kong Resources Holdings Co (HKSE:02882) 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.

Hong Kong Resources Holdings Co Receivables Turnover Related Terms

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

Hong Kong Resources Holdings Co (HKSE:02882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hong Kong Resources Holdings Co Ltd (HKSE:02882) » Definitions » Receivables Turnover

Traded in Other Exchanges

HKRHF:USA

Address

No.89 Queensway, Tower One, Room 2306, 23/F, Lippo Centre, Hong Kong, HKG

Website

http://www.hkrh.hk

Hong Kong Resources Holdings Co Ltd is principally engaged in retailing, through self-operated points of sale as well as franchising of gold and jewellery products. The business operates in segments that include Retail sales and franchising operations for selling gold and jewellery products in Mainland China, which generates the majority of revenue, Retail sales operations for selling gold and jewellery products in Hong Kong and Macau and Wholesales and subcontracting operations for gold and jewellery products in Mainland China and New media marketing service business in Mainland China.

Executives

Cheung Irene	2202 Interest of your spouse
Wong Ho Lung, Danny	2305 Beneficiary of a trust
Wong Lan Sze, Nancy	2305 Beneficiary of a trust
Luk Chui Yee	2307 Founder of a discretionary trust who can infl
Wong Wai Sheung	2307 Founder of a discretionary trust who can infl
Luk Fook 3d Investment Holding Company Limited	2101 Beneficial owner
Luk Fook Holdings (international) Limited	2201 Interest of corporation controlled by you
Bos Trustee Limited As Trustee	2201 Interest of corporation controlled by you
Lf Holding Services Limited	2201 Interest of corporation controlled by you
Luk Fook (control) Limited	2201 Interest of corporation controlled by you
Hao Yuan Yuan	2201 Interest of corporation controlled by you
Well Pop Group Limited	2101 Beneficial owner
Wang Chaoguang	2201 Interest of corporation controlled by you
Li Ning	2201 Interest of corporation controlled by you
Eminent Rise Holdings Limited	2101 Beneficial owner

Hong Kong Resources Holdings Co (HKSE:02882) Headlines

No Headlines