Logan Group Co (HKSE:03380) Receivables Turnover : 1.07 (As of Jun. 2024)

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What is Logan 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. Logan Group Co's Revenue for the six months ended in Jun. 2024 was HK$15,129 Mil. Logan Group Co's average Accounts Receivable for the six months ended in Jun. 2024 was HK$14,091 Mil. Hence, Logan Group Co's Receivables Turnover for the six months ended in Jun. 2024 was 1.07.

Logan Group Co Receivables Turnover Historical Data

The historical data trend for Logan 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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Logan Group Co Receivables Turnover Chart

Logan Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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204.84

3.58

1.66

0.78

1.99

Logan Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.23	0.60	0.36	2.03	1.07

Competitive Comparison of Logan Group Co's Receivables Turnover

For the Real Estate - Development subindustry, Logan 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.

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

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

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

Logan Group Co Receivables Turnover Calculation

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

Logan 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 )
=	51590.036	/ (	(50231.879	+	1489.381)	/	2 )
=	51590.036	/	25860.63
=	1.99

Logan 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 )
=	15129.057	/ (	(1489.381	+	26692.342)	/	2 )
=	15129.057	/	14090.8615
=	1.07

Logan Group Co (HKSE:03380) 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.

Logan Group Co Receivables Turnover Related Terms

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Logan Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Logan Group Co Ltd (HKSE:03380) » Definitions » Receivables Turnover

Traded in Other Exchanges

5LP:Germany

Address

South Xinghua Road, Floor 15, Room 2002, Tower B, Longguang Century Building, Bao\'An District, Guangdong, Shenzen, CHN

Website

http://www.logangroup.com

Logan Group Co Ltd is a general real estate investment company. The company operates multiple segments, including property development, Property operation, Development Management, and Urban redevelopment along with Property operation segment The vast majority of revenue is generated by its property development segment, followed by development management. The development business is focused on the development of residential properties and retail shops, while its management operations are focused on office properties and residential buildings. It generates all of its revenue in Mainland China.

Executives

Kei Perenna Hoi Ting	2201 Interest of corporation controlled by you
Junxi Investments Limited	2101 Beneficial owner
Kei Family United Limited	2201 Interest of corporation controlled by you
Credit Suisse Trust Limited	2301 Trustee
Dragon Jubilee Investments Limited	2101 Beneficial owner
Kei Hoi Pang	2501 Other

Logan Group Co Headlines

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