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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. Sino Horizon Holdings's Revenue for the
three
months ended in Dec. 2025 was NT$3,354 Mil. Sino Horizon Holdings's average Accounts Receivable for the
three
months ended in Dec. 2025 was NT$253 Mil.
Hence, Sino Horizon Holdings's Receivables Turnover for the
three
months ended in Dec. 2025 was 13.26.
Sino Horizon Holdings (TPE:2923) 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.
Sino Horizon Holdings Receivables Turnover Related Terms
Sino Horizon Holdings Receivables Turnover Historical Data
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The historical data trend for Sino Horizon 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.
Sino Horizon Holdings Receivables Turnover Competitor Comparison
For the Real Estate - Development subindustry, Sino Horizon 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.
Sino Horizon Holdings Receivables Turnover vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sino Horizon Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Sino Horizon Holdings's Receivables Turnover falls into.
* 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.
Sino Horizon Holdings (TPE:2923) has a Receivables Turnover of 13.26 as of Dec. 2025. The accounts 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. View historical data on Sino Horizon Holdings and its competitors. According to the industry distribution chart, Sino Horizon Holdings ranks #590 out of 1666 companies in the Real Estate industry, placing it in the top 35.4%.
Is Sino Horizon Holdings' Receivables Turnover too high?
Sino Horizon Holdings' current Receivables Turnover is 13.26. The Real Estate industry median Receivables Turnover is 10.64. Sino Horizon Holdings' value of 13.26 is 24.7% above this industry median. Based on the distribution chart, Sino Horizon Holdings ranks #590 out of 1666 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sino Horizon Holdings has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sino Horizon Holdings' Receivables Turnover compare to competitors?
According to the Real Estate industry distribution chart, Sino Horizon Holdings ranks #590 out of 1666 companies for Receivables Turnover. This puts Sino Horizon Holdings in the upper half of its industry. The industry median Receivables Turnover is 10.64. Sino Horizon Holdings' value of 13.26 is 24.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Real Estate company?
The median Receivables Turnover among Real Estate companies is 10.64, based on 1,666 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sino Horizon Holdings's current Receivables Turnover of 13.26 is 24.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Sino Horizon Holdings and its competitors. For the Real Estate industry, the median Receivables Turnover is 10.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino Horizon Holdings's current Receivables Turnover is 13.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Horizon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sino Horizon Holdings (TPE:2923) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$14.98, compared to a current price of NT$41.00 — trading 173.7% above its estimated fair value. The current Receivables Turnover is 13.26 and 24.7% above the Real Estate industry median of 10.64. Sino Horizon Holdings' overall GF Score™ is 52/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Sino Horizon Holdings (TPE:2923), the current Receivables Turnover is 13.26 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sino Horizon Holdings (TPE:2923) Overvalued in 2026?
Based on GuruFocus' analysis, Sino Horizon Holdings stock appears to be overvalued.
The current stock price of NT$41.00 is trading 173.7% above its estimated GF Value™ of NT$14.98.
GuruFocus considers Sino Horizon Holdings to be Significantly Overvalued.
Key valuation signals for TPE:2923:
Receivables Turnover: 13.26
GF Value™: NT$14.98 vs. price of NT$41.00 (173.7% above fair value)
Industry Position: 24.7% above the Real Estate median (#590 of 1666)
No single metric tells the full story. See the TPE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sino Horizon Holdings Ltd provides real estate development services. The company manages, sells, leases, and develops real estate businesses in China. Its reportable segments include real-estate sales, commercial leasing, property management, and others. The company derives the maximum revenue from the real-estate sales segment. Geographically, it operates in Mainland China and Taiwan.
52GF Score
Get the complete analysis for TPE:2923
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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