China Merchants Commercial�REIT (HKSE:01503) Receivables Turnover : 20.75 (As of Jun. 2023)

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What is China Merchants Commercial�REIT 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. China Merchants Commercial�REIT's Revenue for the six months ended in Jun. 2023 was HK$260.3 Mil. China Merchants Commercial�REIT's average Accounts Receivable for the six months ended in Jun. 2023 was HK$12.5 Mil. Hence, China Merchants Commercial�REIT's Receivables Turnover for the six months ended in Jun. 2023 was 20.75.

China Merchants Commercial�REIT Receivables Turnover Historical Data

The historical data trend for China Merchants Commercial�REIT'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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China Merchants Commercial�REIT Receivables Turnover Chart

China Merchants Commercial�REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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32.10

76.24

39.79

51.44

192.91

China Merchants Commercial�REIT Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									25.60	15.42	40.00	20.75	22.71

Competitive Comparison of China Merchants Commercial�REIT's Receivables Turnover

For the REIT - Office subindustry, China Merchants Commercial�REIT'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.

China Merchants Commercial�REIT's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial�REIT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial�REIT's Receivables Turnover falls into.

China Merchants Commercial�REIT Receivables Turnover Calculation

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

China Merchants Commercial�REIT's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	482.088	/ (	(15.518	+	3.227)	/	2 )
=	482.088	/	9.3725
=	51.44

China Merchants Commercial�REIT's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	260.331	/ (	(3.227	+	21.869)	/	2 )
=	260.331	/	12.548
=	20.75

China Merchants Commercial�REIT (HKSE:01503) 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.

China Merchants Commercial�REIT Receivables Turnover Related Terms

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China Merchants Commercial�REIT (HKSE:01503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » China Merchants Commercial�REIT (HKSE:01503) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

China Merchants Tower, Shun Tak Centre, Room 2603-2606, 26th Floor, Connaught Road Central, Hong Kong, HKG, 168-200

Website

https://www.cmcreit.com

China Merchants Commercial REIT and its subsidiaries are engaged in property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre and Technology Building 2 among others.

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