Macau Legend Development (HKSE:01680) Receivables Turnover

: 1.71 (As of Dec. 2022)

View and export this data going back to 2013. Start your Free Trial

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. Macau Legend Development's Revenue for the six months ended in Dec. 2022 was HK$167.9 Mil. Macau Legend Development's average Accounts Receivable for the six months ended in Dec. 2022 was HK$98.4 Mil. Hence, Macau Legend Development's Receivables Turnover for the six months ended in Dec. 2022 was 1.71.

Macau Legend Development Receivables Turnover Historical Data

The historical data trend for Macau Legend Development'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.

Macau Legend Development Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

10.78

10.64

3.30

7.21

5.68

Macau Legend Development Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Receivables Turnover																2.78	3.82	3.88	3.64	1.71

Competitive Comparison

For the Resorts & Casinos subindustry, Macau Legend Development'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

Macau Legend Development Receivables Turnover Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Macau Legend Development's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Macau Legend Development'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.

Macau Legend Development Receivables Turnover Calculation

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

Macau Legend Development'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 )
=	711.605	/ (	(176.292	+	74.395)	/	2 )
=	711.605	/	125.3435
=	5.68

Macau Legend Development's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	167.854	/ (	(122.416	+	74.395)	/	2 )
=	167.854	/	98.4055
=	1.71

Macau Legend Development (HKSE:01680) 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.

Macau Legend Development Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Macau Legend Development's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Macau Legend Development (HKSE:01680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Macau Legend Development Ltd (HKSE:01680) » Definitions » Receivables Turnover

Traded in Other Exchanges

MALDF:USA

Address

Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC

Website

http://www.macaulegend.com

Macau Legend Development Ltd is an investment holdings company,It is engaged in the resorts and casinos industry. The business has two segments: Gaming and Non-Gaming. The Gaming segment is engaged in gaming-related services such as gaming tables and electronic gaming machines. The company's flagship resort and gaming center is The Landmark Macau, a hotel, casino, and luxury shopping center. The Non-Gaming segment is involved in hotel operations, such as food and beverage services and others. The company generates the vast majority of its revenue in Macau.

Macau Legend Development (HKSE:01680) Headlines

No Headlines