Hong Kong and China Gas Co (Hong Kong and China Gas Co) Receivables Turnover : 6.70 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Hong Kong and China Gas Co 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 Kong and China Gas Co's Revenue for the six months ended in Dec. 2023 was $3,559 Mil. Hong Kong and China Gas Co's average Accounts Receivable for the six months ended in Dec. 2023 was $531 Mil. Hence, Hong Kong and China Gas Co's Receivables Turnover for the six months ended in Dec. 2023 was 6.70.

Hong Kong and China Gas Co Receivables Turnover Historical Data

The historical data trend for Hong Kong and China Gas Co'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.

* Premium members only.

Hong Kong and China Gas Co Receivables Turnover Chart

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

11.02

10.74

13.29

14.11

12.60

Hong Kong and China Gas Co 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															7.48	7.39	7.60	7.13	6.70

Competitive Comparison of Hong Kong and China Gas Co's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas Co'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 Kong and China Gas Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hong Kong and China Gas Co's Receivables Turnover falls into.

Hong Kong and China Gas Co Receivables Turnover Calculation

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

Hong Kong and China Gas Co'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 )
=	7294.822	/ (	(569.733	+	587.8)	/	2 )
=	7294.822	/	578.7665
=	12.60

Hong Kong and China Gas Co'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 )
=	3558.798	/ (	(475.118	+	587.8)	/	2 )
=	3558.798	/	531.459
=	6.70

Hong Kong and China Gas Co (OTCPK:HOKCY) 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 Kong and China Gas Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Hong Kong and China Gas Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Headlines

From GuruFocus

TERA-Award offers US$1 million prize, applications to close 31 August

By PRNewswire PRNewswire • 08-20-2021

US$1 Million Prize by Towngas for Smart Energy Technology Proposals

By PRNewswire PRNewswire • 06-22-2021