Sunshine Homes Development JSC (HSTC:SSH) Receivables Turnover : 6.60 (As of Dec. 2024)

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What is Sunshine Homes Development JSC 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. Sunshine Homes Development JSC's Revenue for the three months ended in Dec. 2024 was ₫2,020,447 Mil. Sunshine Homes Development JSC's average Accounts Receivable for the three months ended in Dec. 2024 was ₫306,326 Mil. Hence, Sunshine Homes Development JSC's Receivables Turnover for the three months ended in Dec. 2024 was 6.60.

Sunshine Homes Development JSC Receivables Turnover Historical Data

The historical data trend for Sunshine Homes Development JSC'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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Sunshine Homes Development JSC Receivables Turnover Chart

Sunshine Homes Development JSC Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

7.00

3.80

10.62

9.46

Sunshine Homes Development JSC Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial								1.10	0.78	2.16	0.23	6.60

Competitive Comparison of Sunshine Homes Development JSC's Receivables Turnover

For the Real Estate - Development subindustry, Sunshine Homes Development JSC'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.

Sunshine Homes Development JSC's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sunshine Homes Development JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sunshine Homes Development JSC's Receivables Turnover falls into.

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Sunshine Homes Development JSC Receivables Turnover Calculation

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

Sunshine Homes Development JSC's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	2933780.879	/ (	(287340.135	+	332669.235)	/	2 )
=	2933780.879	/	310004.685
=	9.46

Sunshine Homes Development JSC's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	2020446.999	/ (	(279982.172	+	332669.235)	/	2 )
=	2020446.999	/	306325.7035
=	6.60

Sunshine Homes Development JSC (HSTC:SSH) 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.

Sunshine Homes Development JSC Receivables Turnover Related Terms

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Sunshine Homes Development JSC Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

9th Floor, Sunshine Center building, 16 Pham Hung, My Dinh 2 Ward, Nam Tu Liem District, Hanoi, VNM

Website

https://www.ssh.vn

Sunshine Homes Development JSC is engaged in luxury real estate development. Its product lines include Sunshine Limited, Sunshine Sky Villas, Sunshine Apartments, and Sunshine Premier among others. The company operates mainly in the field of business, real estate consulting and leasing, housing construction, social infrastructure, and construction system installation.

Sunshine Homes Development JSC Headlines

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