Hygieia Group (HKSE:01650) Receivables Turnover : 2.66 (As of Dec. 2023)

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What is Hygieia Group 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. Hygieia Group's Revenue for the six months ended in Dec. 2023 was HK$207.6 Mil. Hygieia Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$78.2 Mil. Hence, Hygieia Group's Receivables Turnover for the six months ended in Dec. 2023 was 2.66.

Hygieia Group Receivables Turnover Historical Data

The historical data trend for Hygieia Group'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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Hygieia Group Receivables Turnover Chart

Hygieia Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.37

5.66

5.82

5.85

5.42

Hygieia Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									2.78	2.88	2.52	2.68	2.66

Competitive Comparison of Hygieia Group's Receivables Turnover

For the Specialty Business Services subindustry, Hygieia Group'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.

Hygieia Group's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Hygieia Group's Receivables Turnover falls into.

Hygieia Group Receivables Turnover Calculation

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

Hygieia Group'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 )
=	390.097	/ (	(61.371	+	82.466)	/	2 )
=	390.097	/	71.9185
=	5.42

Hygieia Group'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 )
=	207.648	/ (	(73.89	+	82.466)	/	2 )
=	207.648	/	78.178
=	2.66

Hygieia Group (HKSE:01650) 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.

Hygieia Group Receivables Turnover Related Terms

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Hygieia Group (HKSE:01650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hygieia Group Ltd (HKSE:01650) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Tagore Drive, No. B1-02, Tagore Industrial Building, Singapore, SGP, 787623

Website

http://www.hygieiagroup.com

Hygieia Group Ltd and its subsidiaries are principally engaged in the provision of cleaning services. The company provide general cleaning works for a variety of public and private venues including a sports stadium, medical centres, shopping malls, commercial and industrial buildings, schools, hotels, private condominiums as well as public access areas in town councils in Singapore.

Executives

Chua Seok Joo	2202 Interest of your spouse
Tek Assets Management Limited	2101 Beneficial owner
Toh Eng Kui	2201 Interest of corporation controlled by you

Hygieia Group (HKSE:01650) Headlines

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