Shoucheng Holdings (HKSE:00697) Receivables Turnover : 1.10 (As of Dec. 2023)

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What is Shoucheng 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. Shoucheng Holdings's Revenue for the three months ended in Dec. 2023 was HK$223.0 Mil. Shoucheng Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$203.6 Mil. Hence, Shoucheng Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 1.10.

Shoucheng Holdings Receivables Turnover Historical Data

The historical data trend for Shoucheng 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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Shoucheng Holdings Receivables Turnover Chart

Shoucheng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.66

4.87

7.34

6.52

3.16

Shoucheng Holdings Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.91	0.08	1.04	1.10	1.73

Competitive Comparison of Shoucheng Holdings's Receivables Turnover

For the Infrastructure Operations subindustry, Shoucheng 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.

Shoucheng Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shoucheng Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shoucheng Holdings's Receivables Turnover falls into.

Shoucheng Holdings Receivables Turnover Calculation

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

Shoucheng Holdings'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 )
=	883.478	/ (	(355.961	+	203.648)	/	2 )
=	883.478	/	279.8045
=	3.16

Shoucheng Holdings'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	223.049	/ (	(0	+	203.648)	/	1 )
=	223.049	/	203.648
=	1.10

Shoucheng Holdings (HKSE:00697) 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.

Shoucheng Holdings Receivables Turnover Related Terms

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Shoucheng Holdings (HKSE:00697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shoucheng Holdings Ltd (HKSE:00697) » Definitions » Receivables Turnover

Traded in Other Exchanges

SHVA:Germany

Address

56 Gloucester Road, 7th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

https://www.shouchengholdings.com

Shoucheng Holdings Ltd is engaged in the operation and management of car parking assets; and the management of private funds oriented towards urban development. Its segment comprises of Parking business and Fund management. The parking business segment that derives the majority of revenue engages in the management and operations of car parking assets. The Fund management segment engages in management of private funds.

Executives

Century Acquisition Limited	2201 Interest of corporation controlled by you
Rocket Parade Limited	2101 Beneficial owner
Cheng Yu Tung Family (holdings Ii) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited	2201 Interest of corporation controlled by you
Nws Fm Limited	2201 Interest of corporation controlled by you
Nws Holdings Limited	2201 Interest of corporation controlled by you
Nws Service Management Limited	2201 Interest of corporation controlled by you
Nws Fm Holdings Limited	2201 Interest of corporation controlled by you
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
New World Development Company Limited	2201 Interest of corporation controlled by you
Orix Corporation
Beijing State-owned Capital Operation And Management Company Limited	2201 Interest of corporation controlled by you

Shoucheng Holdings (HKSE:00697) Headlines

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