BOC Aviation (HKSE:02588) Receivables Turnover : 42.97 (As of Dec. 2023)

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What is BOC Aviation 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. BOC Aviation's Revenue for the six months ended in Dec. 2023 was HK$8,510 Mil. BOC Aviation's average Accounts Receivable for the six months ended in Dec. 2023 was HK$198 Mil. Hence, BOC Aviation's Receivables Turnover for the six months ended in Dec. 2023 was 42.97.

BOC Aviation Receivables Turnover Historical Data

The historical data trend for BOC Aviation'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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BOC Aviation Receivables Turnover Chart

BOC Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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144.89

26.21

23.93

37.87

49.67

BOC Aviation Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															18.30	20.22	15.01	20.28	42.97

Competitive Comparison of BOC Aviation's Receivables Turnover

For the Rental & Leasing Services subindustry, BOC Aviation'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.

BOC Aviation's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, BOC Aviation's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BOC Aviation's Receivables Turnover falls into.

BOC Aviation Receivables Turnover Calculation

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

BOC Aviation's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	16158.195	/ (	(505.529	+	145.137)	/	2 )
=	16158.195	/	325.333
=	49.67

BOC Aviation's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	8510.222	/ (	(250.938	+	145.137)	/	2 )
=	8510.222	/	198.0375
=	42.97

BOC Aviation (HKSE:02588) 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.

BOC Aviation Receivables Turnover Related Terms

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BOC Aviation (HKSE:02588) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BOC Aviation Ltd (HKSE:02588) » Definitions » Receivables Turnover

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Address

79 Robinson Road, No. 15-01, Singapore, SGP, 068897

Website

https://www.bocaviation.com

BOC Aviation is the world's fifth-largest aircraft leasing company by net book value of owned aircraft, with a portfolio of more than 600 commercial passenger and cargo aircraft. The company was founded in 1993 in Singapore as a joint venture between Singapore Airlines and U.S.-based Boullioun Aviation Services. In 2006, the company was acquired by the Bank of China and took on its current name. Listed on the Stock Exchange of Hong Kong in 2016, BOC Aviation remains headquartered in Singapore, but has operations in Dublin, London, New York, and Tianjin. Bank of China remains its largest shareholder with a 70% stake. BOC Aviation has an international management team with its key leaders having more than 30 years of experience in the aircraft and leasing business.

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