Binjiang Service Group Co (HKSE:03316) Receivables Turnover : 4.16 (As of Dec. 2023)

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What is Binjiang Service 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. Binjiang Service Group Co's Revenue for the six months ended in Dec. 2023 was HK$1,771 Mil. Binjiang Service Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$426 Mil. Hence, Binjiang Service Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 4.16.

Binjiang Service Group Co Receivables Turnover Historical Data

The historical data trend for Binjiang Service 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.

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Binjiang Service Group Co Receivables Turnover Chart

Binjiang Service Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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37.11

44.14

16.83

9.42

8.77

Binjiang Service Group Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										7.24	5.05	5.08	3.51	4.16

Competitive Comparison of Binjiang Service Group Co's Receivables Turnover

For the Real Estate Services subindustry, Binjiang Service 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.

Binjiang Service Group Co's Receivables Turnover Distribution in the Real Estate Industry

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

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

Binjiang Service Group Co Receivables Turnover Calculation

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

Binjiang Service 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 )
=	3072.65	/ (	(294.779	+	405.561)	/	2 )
=	3072.65	/	350.17
=	8.77

Binjiang Service Group 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 )
=	1770.97	/ (	(446.734	+	405.561)	/	2 )
=	1770.97	/	426.1475
=	4.16

Binjiang Service Group Co (HKSE:03316) 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.

Binjiang Service Group Co Receivables Turnover Related Terms

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Binjiang Service Group Co (HKSE:03316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Binjiang Service Group Co Ltd (HKSE:03316) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 189 Fengqi East Road, Xincheng Times Square, 12th Floor, Room 1201-1, Block 1, Building 1, Jianggan District, Hangzhou, CHN

Website

https://www.hzbjwy.com

Binjiang Service Group Co Ltd is a property management service provider in China. The Company's business segments are classified into property management services, value-added services to non-property owners and 5S value-added services. Geographically, the company has majority of its operations in China.

Executives

Qi Jiaqi
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Qi Jinxing
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Mo Jianhua
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Zhu Huiming

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