Yuexiu Services Group (HKSE:06626) Receivables Turnover : 2.50 (As of Dec. 2023)

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What is Yuexiu Services Group 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. Yuexiu Services Group's Revenue for the six months ended in Dec. 2023 was HK$1,872 Mil. Yuexiu Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$748 Mil. Hence, Yuexiu Services Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.50.

Yuexiu Services Group Receivables Turnover Historical Data

The historical data trend for Yuexiu Services Group'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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Yuexiu Services Group Receivables Turnover Chart

Yuexiu Services Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.46

3.69

4.04

4.25

5.42

Yuexiu Services Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					2.05	1.89	2.24	2.14	2.50

Competitive Comparison of Yuexiu Services Group's Receivables Turnover

For the Real Estate Services subindustry, Yuexiu Services Group'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.

Yuexiu Services Group's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Yuexiu Services Group's Receivables Turnover falls into.

Yuexiu Services Group Receivables Turnover Calculation

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

Yuexiu Services Group'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 )
=	3525.94	/ (	(674.004	+	627.308)	/	2 )
=	3525.94	/	650.656
=	5.42

Yuexiu Services Group'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 )
=	1872.314	/ (	(868.611	+	627.308)	/	2 )
=	1872.314	/	747.9595
=	2.50

Yuexiu Services Group (HKSE:06626) 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.

Yuexiu Services Group Receivables Turnover Related Terms

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Yuexiu Services Group (HKSE:06626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yuexiu Services Group Ltd (HKSE:06626) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Lockhart Road, 26th Floor, Yue Xiu Building, Wanchai, Hong Kong, HKG

Website

https://www.yuexiuservices.com

Yuexiu Services Group Ltd is an integrated property management services provider. It has two business segments; Non-commercial property management and value-added services including non-commercial property management services including cleaning, security, gardening, repair, and maintenance services, value-added services to non-property owners, including sales office and display unit management, support services, and decoration services, home-living services, space operation services, and Commercial property management and operational services including commercial property management services and other value-added services, market positioning consultancy and tenant sourcing services, including market positioning and management consultancy services and tenant sourcing services.

Executives

Guangzhou Construction & Development Holdings (china) Limited
Yue Xiu Enterprises (holdings) Limited
Yuexiu Property Company Limited
Guang Zhou Yue Xiu Ji Tuan Gu Fen You Xian Gong Si
Guang Zhou Di Tie Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Zhou Di Tie Tou Rong Zi Xiang Gang You Xian Gong Si	2101 Beneficial owner

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