HKE Holdings (HKSE:01726) Receivables Turnover : 1.84 (As of Dec. 2023)

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What is HKE 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. HKE Holdings's Revenue for the six months ended in Dec. 2023 was HK$48.52 Mil. HKE Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$26.38 Mil. Hence, HKE Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.84.

HKE Holdings Receivables Turnover Historical Data

The historical data trend for HKE 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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HKE Holdings Receivables Turnover Chart

HKE Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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2.32

2.94

4.48

3.19

3.89

HKE Holdings Semi-Annual Data
	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											1.93	1.88	2.13	2.05	1.84

Competitive Comparison of HKE Holdings's Receivables Turnover

For the Engineering & Construction subindustry, HKE 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.

HKE Holdings's Receivables Turnover Distribution in the Construction Industry

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

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

HKE Holdings Receivables Turnover Calculation

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

HKE Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	78.219	/ (	(18.427	+	21.785)	/	2 )
=	78.219	/	20.106
=	3.89

HKE 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	48.52	/ (	(21.785	+	30.967)	/	2 )
=	48.52	/	26.376
=	1.84

HKE Holdings (HKSE:01726) 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.

HKE Holdings Receivables Turnover Related Terms

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HKE Holdings (HKSE:01726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HKE Holdings Ltd (HKSE:01726) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 2414-2416, 24/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong, HKG

Website

https://www.hwakoon.com

HKE Holdings Ltd is a Singapore-based contractor specializing in the medical and healthcare sectors with expertise in performing radiation shielding works. It mainly provides integrated design and building services for hospitals and clinics in Singapore. The company's three operating segments include (i) the Engineering segment which engaged in the provision of integrated design and building services, maintenance and other services as well as sales of tools and materials; (ii) Fintech platform segment; (iii) Investment holding segment. It generates maximum revenue from the Engineering segment.

Executives

Lin Ho Man	2101 Beneficial owner
Flourish Nation Enterprises Limited	2101 Beneficial owner

HKE Holdings (HKSE:01726) Headlines

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