Sheung Moon Holdings (HKSE:08523) Receivables Turnover : 1.21 (As of Sep. 2023)

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What is Sheung Moon 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. Sheung Moon Holdings's Revenue for the three months ended in Sep. 2023 was HK$24.4 Mil. Sheung Moon Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was HK$20.2 Mil. Hence, Sheung Moon Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 1.21.

Sheung Moon Holdings Receivables Turnover Historical Data

The historical data trend for Sheung Moon 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.

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Sheung Moon Holdings Receivables Turnover Chart

Sheung Moon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.10

6.89

8.46

4.57

6.28

Sheung Moon Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.81	0.40	1.83	0.96	1.21

Competitive Comparison of Sheung Moon Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Sheung Moon 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.

Sheung Moon Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sheung Moon Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sheung Moon Holdings's Receivables Turnover falls into.

Sheung Moon Holdings Receivables Turnover Calculation

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

Sheung Moon Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	119.735	/ (	(14.36	+	23.796)	/	2 )
=	119.735	/	19.078
=	6.28

Sheung Moon Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	24.359	/ (	(0	+	20.165)	/	1 )
=	24.359	/	20.165
=	1.21

Sheung Moon Holdings (HKSE:08523) 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.

Sheung Moon Holdings Receivables Turnover Related Terms

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Sheung Moon Holdings (HKSE:08523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sheung Moon Holdings Ltd (HKSE:08523) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 79 Wing Hong Street, Office D, 27th Floor, The Globe, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.smcl.com.hk

Sheung Moon Holdings Ltd is an investment holding company. The company is engaged in the provision of site formation works, road and drainage works, and structural works in both the public and private sectors. It generates revenue from the provision of civil engineering construction services. Geographically, it derives revenue from Hong Kong.

Executives

Chrysler Investments Limited	2101 Beneficial owner
Zhao Qing	2101 Beneficial owner
Altivo Ventures Limited	2101 Beneficial owner
Sigma Square Investment Management Limited	2201 Interest of corporation controlled by you
Tang Sze Wo	2201 Interest of corporation controlled by you
Tang Siu Fung Calvin	2201 Interest of corporation controlled by you

Sheung Moon Holdings (HKSE:08523) Headlines

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