Wecon Holdings (HKSE:01793) Receivables Turnover : 2.99 (As of Sep. 2023)

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What is Wecon 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. Wecon Holdings's Revenue for the six months ended in Sep. 2023 was HK$494.4 Mil. Wecon Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was HK$165.3 Mil. Hence, Wecon Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 2.99.

Wecon Holdings Receivables Turnover Historical Data

The historical data trend for Wecon 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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Wecon Holdings Receivables Turnover Chart

Wecon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.60

4.41

4.32

5.02

4.20

Wecon Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial									2.32	2.34	1.99	2.41	2.99

Competitive Comparison of Wecon Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Wecon 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.

Wecon Holdings's Receivables Turnover Distribution in the Construction Industry

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

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

Wecon Holdings Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	869.032	/ (	(260.47	+	153.786)	/	2 )
=	869.032	/	207.128
=	4.20

Wecon Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	494.39	/ (	(153.786	+	176.757)	/	2 )
=	494.39	/	165.2715
=	2.99

Wecon Holdings (HKSE:01793) 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.

Wecon Holdings Receivables Turnover Related Terms

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Wecon Holdings (HKSE:01793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wecon Holdings Ltd (HKSE:01793) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

244-252 Des Voeux Road Central, 18th Floor, Tung Hip Commercial Building, Hong Kong, HKG

Website

https://www.wecon.com.hk

Wecon Holdings Ltd is an investment holding company. The company's operating segment includes Building construction services and RMAA works services. The Building construction services provided by the group primarily consist of building works for new buildings, including residential, commercial, and industrial buildings. Its RMAA works services include the general upkeep, maintenance, improvement, refurbishment, alteration, and addition of existing facilities and components of buildings and their surroundings. It generates maximum revenue from the Construction contracts segment. Geographically, it derives revenue from Hong Kong.

Executives

Triple Arch Limited	2101 Beneficial owner
Lai Yuk Lin Eliza	2202 Interest of your spouse
Tsang Ka Yip	2201 Interest of corporation controlled by you

Wecon Holdings (HKSE:01793) Headlines

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