Shun Ho Property Investments (HKSE:00219) Receivables Turnover : 32.52 (As of Dec. 2023)

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What is Shun Ho Property Investments 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. Shun Ho Property Investments's Revenue for the six months ended in Dec. 2023 was HK$355.0 Mil. Shun Ho Property Investments's average Accounts Receivable for the six months ended in Dec. 2023 was HK$10.9 Mil. Hence, Shun Ho Property Investments's Receivables Turnover for the six months ended in Dec. 2023 was 32.52.

Shun Ho Property Investments Receivables Turnover Historical Data

The historical data trend for Shun Ho Property Investments'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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Shun Ho Property Investments Receivables Turnover Chart

Shun Ho Property Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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47.48

103.40

129.95

63.60

37.42

Shun Ho Property Investments 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															66.87	13.73	7.92	26.91	32.52

Competitive Comparison of Shun Ho Property Investments's Receivables Turnover

For the Lodging subindustry, Shun Ho Property Investments'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.

Shun Ho Property Investments's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shun Ho Property Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shun Ho Property Investments's Receivables Turnover falls into.

Shun Ho Property Investments Receivables Turnover Calculation

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

Shun Ho Property Investments'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 )
=	606.035	/ (	(14.607	+	17.781)	/	2 )
=	606.035	/	16.194
=	37.42

Shun Ho Property Investments'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 )
=	355.002	/ (	(4.053	+	17.781)	/	2 )
=	355.002	/	10.917
=	32.52

Shun Ho Property Investments (HKSE:00219) 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.

Shun Ho Property Investments Receivables Turnover Related Terms

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Shun Ho Property Investments (HKSE:00219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shun Ho Property Investments Ltd (HKSE:00219) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

http://www.shunho.com.hk/shpi/index.html

Shun Ho Property Investments Ltd is a Hong Kong-based company principally engaged in hotel businesses. It operates through three segments Hospitality Services, Property Investment and Securities Investment. The company looks into the operation of Best Western Plus Hotel Kowloon, Best Western Plus Hotel Hong Kong, Magnificent International Hotel, Shanghai, Best Western Hotel Causeway Bay, Ramada Hong Kong Harbour View, Ramada Hong Kong Grand, Grand City Hotel, Ramada Hong Kong Grand View, 633 King's Road, Shun Ho Tower, and Shops, hotel and residential properties. The group derives revenue from Hong Kong and the PRC, of which prime revenue is derived from Hong Kong.

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