HMCTF (Hainan Meilan International Airport Co) Receivables Turnover : 2.80 (As of Jun. 2024)

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What is Hainan Meilan International Airport 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. Hainan Meilan International Airport Co's Revenue for the six months ended in Jun. 2024 was $158.4 Mil. Hainan Meilan International Airport Co's average Accounts Receivable for the six months ended in Jun. 2024 was $56.6 Mil. Hence, Hainan Meilan International Airport Co's Receivables Turnover for the six months ended in Jun. 2024 was 2.80.

Hainan Meilan International Airport Co Receivables Turnover Historical Data

The historical data trend for Hainan Meilan International Airport 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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Hainan Meilan International Airport Co Receivables Turnover Chart

Hainan Meilan International Airport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.63

3.38

4.92

3.77

6.05

Hainan Meilan International Airport Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.08	1.88	3.22	2.54	2.80

Competitive Comparison of Hainan Meilan International Airport Co's Receivables Turnover

For the Airports & Air Services subindustry, Hainan Meilan International Airport 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.

Hainan Meilan International Airport Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hainan Meilan International Airport Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hainan Meilan International Airport Co's Receivables Turnover falls into.

Hainan Meilan International Airport Co Receivables Turnover Calculation

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

Hainan Meilan International Airport 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 )
=	292.104	/ (	(38.336	+	58.192)	/	2 )
=	292.104	/	48.264
=	6.05

Hainan Meilan International Airport 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 )
=	158.418	/ (	(58.192	+	54.97)	/	2 )
=	158.418	/	56.581
=	2.80

Hainan Meilan International Airport Co (OTCPK:HMCTF) 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.

Hainan Meilan International Airport Co Receivables Turnover Related Terms

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Hainan Meilan International Airport Co Business Description

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00357:Hong Kong HAO:Germany

Address

Office Building of Meilan Airport, Hainan Province, Haikou, CHN, 571126

Website

http://www.mlairport.com

Hainan Meilan International Airport Co Ltd is engaged in the operation of an airport and an ancillary hotel and the provision of related services in the PRC. The company engages and generates revenues from the operational activities at the Meilan Airport of the Hainan Province in the People's Republic of China (PRC). Under its aeronautical businesses, the firm provides terminal facilities, ground handling services, and passenger services. The non-aeronautical business includes the leasing of commercial and retail spaces at Meilan Airport, franchising of airport-related business, advertising, car parking, cargo handling, and sales of consumable goods.

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