Pokfulam Development Co (HKSE:00225) Receivables Turnover : 20.82 (As of Sep. 2023)

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What is Pokfulam Development Co 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. Pokfulam Development Co's Revenue for the six months ended in Sep. 2023 was HK$102.0 Mil. Pokfulam Development Co's average Accounts Receivable for the six months ended in Sep. 2023 was HK$4.9 Mil. Hence, Pokfulam Development Co's Receivables Turnover for the six months ended in Sep. 2023 was 20.82.

Pokfulam Development Co Receivables Turnover Historical Data

The historical data trend for Pokfulam Development Co'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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Pokfulam Development Co Receivables Turnover Chart

Pokfulam Development Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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33.33

26.69

29.09

25.75

23.70

Pokfulam Development Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															12.74	13.70	10.46	14.64	20.82

Competitive Comparison of Pokfulam Development Co's Receivables Turnover

For the Real Estate Services subindustry, Pokfulam Development Co'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.

Pokfulam Development Co's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Pokfulam Development Co's Receivables Turnover falls into.

Pokfulam Development Co Receivables Turnover Calculation

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

Pokfulam Development Co's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	180.022	/ (	(8.031	+	7.16)	/	2 )
=	180.022	/	7.5955
=	23.70

Pokfulam Development Co's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	101.951	/ (	(2.632	+	7.16)	/	2 )
=	101.951	/	4.896
=	20.82

Pokfulam Development Co (HKSE:00225) 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.

Pokfulam Development Co Receivables Turnover Related Terms

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Pokfulam Development Co (HKSE:00225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pokfulam Development Co Ltd (HKSE:00225) » Definitions » Receivables Turnover

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Address

93-107 Lockhart Road, 23rd Floor, Beverly House, Wanchai, Hong Kong, HKG

Website

https://www.pokfulam.com.hk

Pokfulam Development Co Ltd is a property investment and investment holding company. The company operates mainly in three business segments: Property Investment and Management segment is engaged in the letting and management of commercial industrial and residential properties; Trading of Goods segment is involved in the trading of visual and sound equipment, and home appliances; and Securities Investment segment deals in listed securities. The majority of its revenue is derived from Property Investment and Management. The company's portfolio includes residential developments as well as commercial and industrial buildings. All of its revenues are generated in Hong Kong.

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