Radiance Holdings (Group) Co (HKSE:09993) Receivables Turnover : 424.56 (As of Dec. 2023)

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What is Radiance Holdings (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. Radiance Holdings (Group) Co's Revenue for the six months ended in Dec. 2023 was HK$17,391 Mil. Radiance Holdings (Group) Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$41 Mil. Hence, Radiance Holdings (Group) Co's Receivables Turnover for the six months ended in Dec. 2023 was 424.56.

Radiance Holdings (Group) Co Receivables Turnover Historical Data

The historical data trend for Radiance Holdings (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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Radiance Holdings (Group) Co Receivables Turnover Chart

Radiance Holdings (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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300.01

1,453.25

1,041.16

647.23

752.50

Radiance Holdings (Group) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						503.55	341.84	329.65	421.75	424.56

Competitive Comparison of Radiance Holdings (Group) Co's Receivables Turnover

For the Real Estate - Development subindustry, Radiance Holdings (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.

Radiance Holdings (Group) Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Radiance Holdings (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Radiance Holdings (Group) Co's Receivables Turnover falls into.

Radiance Holdings (Group) Co Receivables Turnover Calculation

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

Radiance Holdings (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 )
=	37460.489	/ (	(56.405	+	43.158)	/	2 )
=	37460.489	/	49.7815
=	752.50

Radiance Holdings (Group) Co'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 )
=	17391.114	/ (	(38.767	+	43.158)	/	2 )
=	17391.114	/	40.9625
=	424.56

Radiance Holdings (Group) Co (HKSE:09993) 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.

Radiance Holdings (Group) Co Receivables Turnover Related Terms

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Radiance Holdings (Group) Co (HKSE:09993) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Radiance Holdings (Group) Co Ltd (HKSE:09993) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Qiyang Road, 42nd Floor, Radiance Plaza, Wangjing, Chaoyang District, Beijing, CHN, 100029

Website

http://www.radiance.com.cn

Radiance Holdings (Group) Co Ltd is an investment holding company engaged in the development and sale of properties, property leasing, and the provision of management consulting services. The company derives a majority of its revenue from Mainland China.

Executives

Glowing Shine Limited	2101 Beneficial owner
Radiance Group Holdings Limited	2201 Interest of corporation controlled by you
Lam Fung Ying	2201 Interest of corporation controlled by you
Lam Ting Keung	2201 Interest of corporation controlled by you

Radiance Holdings (Group) Co (HKSE:09993) Headlines

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