GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Loco Hong Kong Holdings Ltd (HKSE:08162) » Definitions » Receivables Turnover

Loco Hong Kong Holdings (HKSE:08162) Receivables Turnover : 20.95 (As of Dec. 2023)


View and export this data going back to 2014. Start your Free Trial

What is Loco Hong Kong Holdings 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. Loco Hong Kong Holdings's Revenue for the three months ended in Dec. 2023 was HK$6,961 Mil. Loco Hong Kong Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$332 Mil. Hence, Loco Hong Kong Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 20.95.


Loco Hong Kong Holdings Receivables Turnover Historical Data

The historical data trend for Loco Hong Kong Holdings'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.

Loco Hong Kong Holdings Receivables Turnover Chart

Loco Hong Kong Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.33 0.82 3.83 7.34 62.72

Loco Hong Kong Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.56 11.64 1.34 233.56 20.95

Competitive Comparison of Loco Hong Kong Holdings's Receivables Turnover

For the Conglomerates subindustry, Loco Hong Kong Holdings'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.


Loco Hong Kong Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Loco Hong Kong Holdings's Receivables Turnover distribution charts can be found below:

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



Loco Hong Kong Holdings Receivables Turnover Calculation

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

Loco Hong Kong Holdings'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 )
=10740.482 / ((10.246 + 332.231) / 2 )
=10740.482 / 171.2385
=62.72

Loco Hong Kong Holdings'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=6961.387 / ((0 + 332.231) / 1 )
=6961.387 / 332.231
=20.95

* 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.


Loco Hong Kong Holdings  (HKSE:08162) 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.


Loco Hong Kong Holdings Receivables Turnover Related Terms

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


Loco Hong Kong Holdings (HKSE:08162) Business Description

Traded in Other Exchanges
N/A
Address
Fairmont House, 8 Cotton Tree Drive, Unit 401, 4th floor, Admiralty, Hong Kong, HKG
Loco Hong Kong Holdings Ltd is an investment holding company. It is engaged in the provision of education management services in the mainland of the People's Republic of China, trading of precious metal and commodity forward contracts, and provision of money lending services in Hong Kong. It has a business presence in Hong Kong, PRC Mainland, and other regions.

Loco Hong Kong Holdings (HKSE:08162) Headlines

No Headlines