SUHJY (Sun Hung Kai Properties) Receivables Turnover : 11.82 (As of Jun. 2024)

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What is Sun Hung Kai Properties 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. Sun Hung Kai Properties's Revenue for the six months ended in Jun. 2024 was $5,629 Mil. Sun Hung Kai Properties's average Accounts Receivable for the six months ended in Jun. 2024 was $476 Mil. Hence, Sun Hung Kai Properties's Receivables Turnover for the six months ended in Jun. 2024 was 11.82.

Sun Hung Kai Properties Receivables Turnover Historical Data

The historical data trend for Sun Hung Kai Properties'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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Sun Hung Kai Properties Receivables Turnover Chart

Sun Hung Kai Properties Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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14.81

27.87

13.47

11.35

19.19

Sun Hung Kai Properties 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															6.19	4.33	11.19	7.25	11.82

Competitive Comparison of Sun Hung Kai Properties's Receivables Turnover

For the Real Estate - Development subindustry, Sun Hung Kai Properties'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.

Sun Hung Kai Properties's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sun Hung Kai Properties's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sun Hung Kai Properties's Receivables Turnover falls into.

Sun Hung Kai Properties Receivables Turnover Calculation

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

Sun Hung Kai Properties's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	9155.698	/ (	(487.425	+	466.709)	/	2 )
=	9155.698	/	477.067
=	19.19

Sun Hung Kai Properties'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 )
=	5629.193	/ (	(485.672	+	466.709)	/	2 )
=	5629.193	/	476.1905
=	11.82

Sun Hung Kai Properties (OTCPK:SUHJY) 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.

Sun Hung Kai Properties Receivables Turnover Related Terms

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Sun Hung Kai Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sun Hung Kai Properties Ltd (OTCPK:SUHJY) » Definitions » Receivables Turnover

Traded in Other Exchanges

SUHJF:USA 00016:Hong Kong SHG:Germany

Address

30 Harbour Road, 45th Floor, Sun Hung Kai Centre, Hong Kong, HKG

Website

https://www.shkp.com

Sun Hung Kai Properties is a diversified real estate developer in Hong Kong with a core focus on the residential, retail and office real estate segment. Most of its business is based in Hong Kong where it is a leading private housing developer and holds a portfolio of high-quality retail and office assets for rental income. The company also invests in other listed entities, including telecommunication company, SmarTone and data center provider, SUNeVision. The Kwok family is the controlling shareholder, with a stake of more than 40%.