Evergrande Property Services Group (HKSE:06666) Receivables Turnover : 2.02 (As of Dec. 2023)

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What is Evergrande Property 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. Evergrande Property Services Group's Revenue for the six months ended in Dec. 2023 was HK$6,936 Mil. Evergrande Property Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$3,440 Mil. Hence, Evergrande Property Services Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.02.

Evergrande Property Services Group Receivables Turnover Historical Data

The historical data trend for Evergrande Property 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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Evergrande Property Services Group Receivables Turnover Chart

Evergrande Property Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.87

2.81

5.32

4.79

4.27

Evergrande Property Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.51	1.58	1.46	2.03	2.02

Competitive Comparison of Evergrande Property Services Group's Receivables Turnover

For the Real Estate Services subindustry, Evergrande Property 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.

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

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

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

Evergrande Property Services Group Receivables Turnover Calculation

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

Evergrande Property 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 )
=	13657.518	/ (	(3058.704	+	3332.297)	/	2 )
=	13657.518	/	3195.5005
=	4.27

Evergrande Property 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 )
=	6936.119	/ (	(3548.406	+	3332.297)	/	2 )
=	6936.119	/	3440.3515
=	2.02

Evergrande Property Services Group (HKSE:06666) 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.

Evergrande Property Services Group Receivables Turnover Related Terms

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Evergrande Property Services Group (HKSE:06666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Evergrande Property Services Group Ltd (HKSE:06666) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EVGPF:USA

Address

No. 78, Huangpu Avenue West, Third Compartment of Room 3101, Tianhe District, Guangdong, Guangzhou, CHN, 510660

Website

https://www.evergrandeservice.com

Evergrande Property Services Group Ltd is a property management service providers in China. It manages a diverse portfolio of properties, including mid- to high-end residential properties, office buildings and commercial properties. Further, it also manages other types of properties such as theme parks, industrial parks, healthcare complexes, themed towns and schools, among others.

Executives

China Evergrande Group	2201 Interest of corporation controlled by you
Ding Yu Mei	2202 Interest of your spouse
Hui Ka Yan	2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited	2201 Interest of corporation controlled by you
Anji (bvi) Limited	2201 Interest of corporation controlled by you
Ceg Holdings (bvi) Limited	2101 Beneficial owner
Shengjian (bvi) Limited	2201 Interest of corporation controlled by you

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