Cheuk Nang (Holdings) (STU:CQH3) Receivables Turnover : 29.92 (As of Dec. 2023)

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What is Cheuk Nang (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. Cheuk Nang (Holdings)'s Revenue for the six months ended in Dec. 2023 was €9.21 Mil. Cheuk Nang (Holdings)'s average Accounts Receivable for the six months ended in Dec. 2023 was €0.31 Mil. Hence, Cheuk Nang (Holdings)'s Receivables Turnover for the six months ended in Dec. 2023 was 29.92.

Cheuk Nang (Holdings) Receivables Turnover Historical Data

The historical data trend for Cheuk Nang (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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Cheuk Nang (Holdings) Receivables Turnover Chart

Cheuk Nang (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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147.51

393.47

695.14

28.38

16.17

Cheuk Nang (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															17.63	9.08	6.10	5.12	29.92

Competitive Comparison of Cheuk Nang (Holdings)'s Receivables Turnover

For the Real Estate - Development subindustry, Cheuk Nang (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.

Cheuk Nang (Holdings)'s Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Cheuk Nang (Holdings)'s Receivables Turnover falls into.

Cheuk Nang (Holdings) Receivables Turnover Calculation

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

Cheuk Nang (Holdings)'s Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	5.321	/ (	(0.371	+	0.287)	/	2 )
=	5.321	/	0.329
=	16.17

Cheuk Nang (Holdings)'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 )
=	9.214	/ (	(0.287	+	0.329)	/	2 )
=	9.214	/	0.308
=	29.92

Cheuk Nang (Holdings) (STU:CQH3) 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.

Cheuk Nang (Holdings) Receivables Turnover Related Terms

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Cheuk Nang (Holdings) (STU:CQH3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cheuk Nang (Holdings) Ltd (STU:CQH3) » Definitions » Receivables Turnover

Traded in Other Exchanges

00131:Hong Kong

Address

18 Harbour Road, Suite 4901, 49th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.cheuknang.com.hk

Cheuk Nang (Holdings) Ltd is an investment holding company. The principal activities of the company's subsidiaries and associates comprise property development, investment, and management. The company has diversified its operations into four segments, being Property Sales, Property Rental, Estate Management, and Others. The majority of its revenue is derived from Properties sales. Its primary geographical markets are Hong Kong, the People's Republic of China (the PRC), and Malaysia, of which the company receives maximum revenue from the People's Republic of China.

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