Central China Real Estate (Central China Real Estate) Receivables Turnover : 90.56 (As of Dec. 2023)

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What is Central China Real Estate 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. Central China Real Estate's Revenue for the six months ended in Dec. 2023 was $1,567 Mil. Central China Real Estate's average Accounts Receivable for the six months ended in Dec. 2023 was $17 Mil. Hence, Central China Real Estate's Receivables Turnover for the six months ended in Dec. 2023 was 90.56.

Central China Real Estate Receivables Turnover Historical Data

The historical data trend for Central China Real Estate'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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Central China Real Estate Receivables Turnover Chart

Central China Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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508.10

300.91

276.76

247.96

158.78

Central China Real Estate Semi-Annual Data
	Jun14	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															209.64	77.44	177.71	82.26	90.56

Competitive Comparison of Central China Real Estate's Receivables Turnover

For the Real Estate - Development subindustry, Central China Real Estate'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.

Central China Real Estate's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Central China Real Estate's Receivables Turnover falls into.

Central China Real Estate Receivables Turnover Calculation

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

Central China Real Estate'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 )
=	2697.556	/ (	(13.395	+	20.583)	/	2 )
=	2697.556	/	16.989
=	158.78

Central China Real Estate'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 )
=	1566.735	/ (	(14.019	+	20.583)	/	2 )
=	1566.735	/	17.301
=	90.56

Central China Real Estate (OTCPK:CNLLF) 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.

Central China Real Estate Receivables Turnover Related Terms

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Central China Real Estate (Central China Real Estate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China Real Estate Ltd (OTCPK:CNLLF) » Definitions » Receivables Turnover

Traded in Other Exchanges

00832:Hong Kong AJ5:Germany

Address

Nongye East Road, Block E, Jianye Office Building, Henan Province, Zhengzhou, CHN

Website

http://www.jianye.com.cn

Central China Real Estate Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company's main businesses include the development of property projects for sales and rental, as well as hotel operations. Its properties include Zhengzhou Tianzhu, Zhengzhou Triumph Plaza, Pingdingshan Eighteen Cities, and Jiaozuo Xiuwu Forest Peninsula, among others. Its hotels include Le Meridien Zhengzhou, Aloft Zhengzhou Shangjie, and Holiday Inn Nanyang, among others. The Company is also involved in the businesses of cultural tourism projects and light-asset model projects. The Company mainly operates businesses in Henan, China.

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