Hong Fok (SGX:H30) Receivables Turnover : 28.72 (As of Dec. 2023)

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What is Hong Fok 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. Hong Fok's Revenue for the six months ended in Dec. 2023 was S$59.8 Mil. Hong Fok's average Accounts Receivable for the six months ended in Dec. 2023 was S$2.1 Mil. Hence, Hong Fok's Receivables Turnover for the six months ended in Dec. 2023 was 28.72.

Hong Fok Receivables Turnover Historical Data

The historical data trend for Hong Fok'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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Hong Fok Receivables Turnover Chart

Hong Fok Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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112.01

54.21

65.72

205.64

181.76

Hong Fok 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															16.33	19.46	35.97	24.23	28.72

Competitive Comparison of Hong Fok's Receivables Turnover

For the Real Estate Services subindustry, Hong Fok'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.

Hong Fok's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Fok's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hong Fok's Receivables Turnover falls into.

Hong Fok Receivables Turnover Calculation

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

Hong Fok'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 )
=	110.601	/ (	(0.624	+	0.593)	/	2 )
=	110.601	/	0.6085
=	181.76

Hong Fok'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 )
=	59.789	/ (	(3.571	+	0.593)	/	2 )
=	59.789	/	2.082
=	28.72

Hong Fok (SGX:H30) 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.

Hong Fok Receivables Turnover Related Terms

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Hong Fok (SGX:H30) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Fok Corp Ltd (SGX:H30) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

300 Beach Road, No. 41-00, The Concourse, Singapore, SGP, 199555

Website

http://www.hongfok.com.sg

Hong Fok Corp Ltd is an investment holding company. Its principal activities consist of investment, property development, and construction, property management, investment trading, provision of horticultural services and investment holding and management. The company has three reportable segments: Property investment - which includes investments in investment properties; Property development and construction - which develops retail and residential units, including the sale of residential units, and construction of a hotel; and Property management - which provides maintenance and management services. It generates most of its revenue from the Property investment segment.

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