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China Merchants CommercialREIT (HKSE:01503) Receivables Turnover

: 15.42 (As of Jun. 2022)
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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. China Merchants CommercialREIT's Revenue for the six months ended in Jun. 2022 was HK$205.2 Mil. China Merchants CommercialREIT's average Accounts Receivable for the six months ended in Jun. 2022 was HK$13.3 Mil. Hence, China Merchants CommercialREIT's Receivables Turnover for the six months ended in Jun. 2022 was 15.42.


China Merchants CommercialREIT Receivables Turnover Historical Data

The historical data trend for China Merchants CommercialREIT'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.

* Premium members only.

China Merchants CommercialREIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Receivables Turnover
Premium Member Only 197.80 185.50 32.09 76.24 39.79

China Merchants CommercialREIT Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Receivables Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.92 12.37 30.56 25.60 15.42

Competitive Comparison

For the REIT - Office subindustry, China Merchants CommercialREIT'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 CommercialREIT Receivables Turnover Distribution

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

* The bar in red indicates where China Merchants CommercialREIT's Receivables Turnover falls in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.



China Merchants CommercialREIT Receivables Turnover Calculation

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

China Merchants CommercialREIT's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Receivables Turnover (A: Dec. 2021 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2021 ) / ((Accounts Receivable (A: Dec. 2020 ) + Accounts Receivable (A: Dec. 2021 )) / count )
=529.98743488295 / ((11.122914945025 + 15.517674940731) / 2 )
=529.98743488295 / 13.320294942878
=39.79

China Merchants CommercialREIT's Receivables Turnover for the quarter that ended in Jun. 2022 is calculated as

Receivables Turnover (Q: Jun. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2022 ) / ((Accounts Receivable (Q: Dec. 2021 ) + Accounts Receivable (Q: Jun. 2022 )) / count )
=205.18505321723 / ((15.517674940731 + 11.103059385829) / 2 )
=205.18505321723 / 13.31036716328
=15.42

* 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.


China Merchants CommercialREIT  (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 CommercialREIT Receivables Turnover Related Terms

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China Merchants CommercialREIT (HKSE:01503) Business Description

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

China Merchants CommercialREIT (HKSE:01503) Headlines

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