China Overseas Property Holdings (HKSE:02669) Receivables Turnover : 2.91 (As of Jun. 2023)

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What is China Overseas Property Holdings 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 Overseas Property Holdings's Revenue for the six months ended in Jun. 2023 was HK$7,163 Mil. China Overseas Property Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$2,458 Mil. Hence, China Overseas Property Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 2.91.

China Overseas Property Holdings Receivables Turnover Historical Data

The historical data trend for China Overseas Property Holdings'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 Overseas Property Holdings Receivables Turnover Chart

China Overseas Property Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.10

9.26

8.45

7.20

5.65

China Overseas Property Holdings Semi-Annual Data
	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														3.42	3.03	2.99	2.91	2.24

Competitive Comparison of China Overseas Property Holdings's Receivables Turnover

For the Real Estate Services subindustry, China Overseas Property Holdings'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 Overseas Property Holdings's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Overseas Property Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Overseas Property Holdings's Receivables Turnover falls into.

China Overseas Property Holdings Receivables Turnover Calculation

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

China Overseas Property Holdings'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 )
=	12688.968	/ (	(1387.463	+	2138.997)	/	2 )
=	12688.968	/	1763.23
=	7.20

China Overseas Property Holdings'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 )
=	7163.026	/ (	(2138.997	+	2776.18)	/	2 )
=	7163.026	/	2457.5885
=	2.91

China Overseas Property Holdings (HKSE:02669) 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 Overseas Property Holdings Receivables Turnover Related Terms

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China Overseas Property Holdings (HKSE:02669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Overseas Property Holdings Ltd (HKSE:02669) » Definitions » Receivables Turnover

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CNPPF:USA

Address

1 Queen’s Road East, Suite 703, 7th Floor, Three Pacific Place, Hongkong, HKG

Website

http://www.copl.com.hk

China Overseas Property Holdings Ltd is an investment holding company. The business activities of the group functioned through Property Management Services and Value-added Services and Car parking spaces trading business. Property Management Services division provides services such as security, repairs and maintenance, cleaning and garden landscape maintenance, pre-delivery services, and engineering service quality monitoring. Value-added services include engineering services such as automation consulting, engineering product sales, equipment upgrade services, community leasing, and other services. In addition the group is also involved in trading of various types of car parking spaces. The company derives the majority of revenue from Property Management Services.

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