China Merchants Commercial�REIT (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 Commercial�REIT's Revenue for the six months ended in Jun. 2022 was HK$205.2 Mil. China Merchants Commercial�REIT's average Accounts Receivable for the six months ended in Jun. 2022 was HK$13.3 Mil. Hence, China Merchants Commercial�REIT's Receivables Turnover for the six months ended in Jun. 2022 was 15.42.

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 Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

197.80

185.50

32.09

76.24

39.79

China Merchants Commercial�REIT Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Receivables Turnover							14.92	12.37	30.56	25.60	15.42

Competitive Comparison

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.

Annual Data Quarterly Data

China Merchants Commercial�REIT Receivables Turnover Distribution

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 in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.

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. 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 Commercial�REIT'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

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 centre. Its properties include New Times Plaza, Cyberport Building, Garden City Shopping Centre and Technology Building among others.

China Merchants Commercial�REIT (HKSE:01503) Headlines

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