HL Global Enterprises (SGX:AVX) Receivables Turnover : 4.50 (As of Dec. 2023)

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What is HL Global Enterprises 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. HL Global Enterprises's Revenue for the six months ended in Dec. 2023 was S$3.20 Mil. HL Global Enterprises's average Accounts Receivable for the six months ended in Dec. 2023 was S$0.71 Mil. Hence, HL Global Enterprises's Receivables Turnover for the six months ended in Dec. 2023 was 4.50.

HL Global Enterprises Receivables Turnover Historical Data

The historical data trend for HL Global Enterprises'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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HL Global Enterprises Receivables Turnover Chart

HL Global Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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26.51

21.87

22.55

75.34

54.34

HL Global Enterprises 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															6.36	10.26	10.52	3.71	4.50

Competitive Comparison of HL Global Enterprises's Receivables Turnover

For the Lodging subindustry, HL Global Enterprises'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.

HL Global Enterprises's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, HL Global Enterprises's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HL Global Enterprises's Receivables Turnover falls into.

HL Global Enterprises Receivables Turnover Calculation

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

HL Global Enterprises'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 )
=	5.869	/ (	(0.118	+	0.098)	/	2 )
=	5.869	/	0.108
=	54.34

HL Global Enterprises'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 )
=	3.198	/ (	(1.322	+	0.098)	/	2 )
=	3.198	/	0.71
=	4.50

HL Global Enterprises (SGX:AVX) 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.

HL Global Enterprises Receivables Turnover Related Terms

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HL Global Enterprises (SGX:AVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » HL Global Enterprises Ltd (SGX:AVX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

10 Anson Road, Number 19-08 International Plaza, Singapore, SGP, 079903

Website

http://www.hlge.com.sg

HL Global Enterprises Ltd operates and manages hotels and restaurants in Singapore, Malaysia, and China. It is also engaged in the development of properties for sale and rental, and property and development project management. It operates in three segments: Investment and others, which involves investment holding; Hospitality and restaurant which is engaged in operating and management of hotels and restaurants; and Property development which includes development of properties for sale and rental and property and development project management. The hospitality and restaurant segment generates maximum revenue for the company. The company operates in Singapore, the People's Republic of China and Malaysia.