Honliv Healthcare Management Group Co (HKSE:09906) Receivables Turnover : 7.61 (As of Jun. 2024)

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What is Honliv Healthcare Management 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. Honliv Healthcare Management Group Co's Revenue for the six months ended in Jun. 2024 was HK$447.0 Mil. Honliv Healthcare Management Group Co's average Accounts Receivable for the six months ended in Jun. 2024 was HK$58.8 Mil. Hence, Honliv Healthcare Management Group Co's Receivables Turnover for the six months ended in Jun. 2024 was 7.61.

Honliv Healthcare Management Group Co Receivables Turnover Historical Data

The historical data trend for Honliv Healthcare Management 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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Honliv Healthcare Management Group Co Receivables Turnover Chart

Honliv Healthcare Management Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.48

29.94

22.92

17.09

19.01

Honliv Healthcare Management Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial								8.10	6.62	7.02	8.78	7.61

Competitive Comparison of Honliv Healthcare Management Group Co's Receivables Turnover

For the Medical Care Facilities subindustry, Honliv Healthcare Management 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.

Honliv Healthcare Management Group Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Honliv Healthcare Management Group Co's Receivables Turnover distribution charts can be found below:

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

Honliv Healthcare Management Group Co Receivables Turnover Calculation

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

Honliv Healthcare Management 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 )
=	831.848	/ (	(52.885	+	34.613)	/	2 )
=	831.848	/	43.749
=	19.01

Honliv Healthcare Management 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 )
=	446.957	/ (	(34.613	+	82.902)	/	2 )
=	446.957	/	58.7575
=	7.61

Honliv Healthcare Management Group Co (HKSE:09906) 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.

Honliv Healthcare Management Group Co Receivables Turnover Related Terms

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Honliv Healthcare Management Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Honliv Healthcare Management Group Co Ltd (HKSE:09906) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Bo Ai Road (South), Changyuan County, Henan Province, Xinxiang, CHN

Website

http://www.honlivhp.com

Honliv Healthcare Management Group Co Ltd is engaged in providing comprehensive medical services and pharmaceutical services to the society in Mainland China. The company generates revenue from Treatment and general Healthcare services, and Pharmaceutical sales.

Executives

Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Hwabao Trust Co., Ltd	2301 Trustee
Zhang Yuan Shi Tou Zi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Rubrical Investment Limited	2501 Other
Sunny Rock Capital Limited	2101 Beneficial owner
Cao Jinming	2202 Interest of your spouse
Qin Hongchao	2501 Other
Qin Yan	2201 Interest of corporation controlled by you
Sun Mingyan	2202 Interest of your spouse

Honliv Healthcare Management Group Co Headlines

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