Glorious Property Holdings (STU:GI0A) Receivables Turnover : 12.02 (As of Jun. 2024)

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What is Glorious Property 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. Glorious Property Holdings's Revenue for the six months ended in Jun. 2024 was €298.0 Mil. Glorious Property Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was €24.8 Mil. Hence, Glorious Property Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 12.02.

Glorious Property Holdings Receivables Turnover Historical Data

The historical data trend for Glorious Property 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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Glorious Property Holdings Receivables Turnover Chart

Glorious Property Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.90

5.78

7.34

13.32

7.88

Glorious Property Holdings 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															0.99	12.29	0.23	1.10	12.02

Competitive Comparison of Glorious Property Holdings's Receivables Turnover

For the Real Estate - Development subindustry, Glorious Property 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.

Glorious Property Holdings's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Glorious Property Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Glorious Property Holdings's Receivables Turnover falls into.

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Glorious Property Holdings Receivables Turnover Calculation

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

Glorious Property Holdings'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 )
=	339.005	/ (	(64.565	+	21.485)	/	2 )
=	339.005	/	43.025
=	7.88

Glorious Property Holdings'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 )
=	297.967	/ (	(21.485	+	28.104)	/	2 )
=	297.967	/	24.7945
=	12.02

Glorious Property Holdings (STU:GI0A) 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.

Glorious Property Holdings Receivables Turnover Related Terms

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Glorious Property Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Glorious Property Holdings Ltd (STU:GI0A) » Definitions » Receivables Turnover

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00845:Hong Kong

Address

50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG

Website

http://www.gloriousphl.com.cn

Glorious Property Holdings Ltd is a national property developer in China. It focuses on the development and sales of large-scale properties in key economic areas such as the Shanghai region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The firm develops residential and commercial properties and is also involved in property management. Its reportable operating segments, namely Shanghai Region, Yangtze River Delta (excluding Shanghai), Pan Bohai Rim, and Northeast China. The Others segment represents corporate support functions. The company generates maximum revenue from the Shanghai region.

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