Kong Sun Holdings (HKSE:00295) Receivables Turnover : 0.19 (As of Dec. 2023)

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What is Kong Sun 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. Kong Sun Holdings's Revenue for the six months ended in Dec. 2023 was HK$264.8 Mil. Kong Sun Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,419.1 Mil. Hence, Kong Sun Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 0.19.

Kong Sun Holdings Receivables Turnover Historical Data

The historical data trend for Kong Sun 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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Kong Sun Holdings Receivables Turnover Chart

Kong Sun Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.81

0.63

0.57

0.44

0.60

Kong Sun Holdings 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															0.23	0.20	0.21	0.15	0.19

Competitive Comparison of Kong Sun Holdings's Receivables Turnover

For the Utilities - Renewable subindustry, Kong Sun 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.

Kong Sun Holdings's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kong Sun Holdings's Receivables Turnover distribution charts can be found below:

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

Kong Sun Holdings Receivables Turnover Calculation

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

Kong Sun Holdings'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 )
=	519.319	/ (	(1157.567	+	569.84)	/	2 )
=	519.319	/	863.7035
=	0.60

Kong Sun Holdings'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 )
=	264.842	/ (	(2268.376	+	569.84)	/	2 )
=	264.842	/	1419.108
=	0.19

Kong Sun Holdings (HKSE:00295) 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.

Kong Sun Holdings Receivables Turnover Related Terms

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Kong Sun Holdings (HKSE:00295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kong Sun Holdings Ltd (HKSE:00295) » Definitions » Receivables Turnover

Traded in Other Exchanges

KOJ5:Germany

Address

108 Gloucester Road, Everbright Centre, Unit 803-4, 8th Floor, Wanchai, Hong Kong, HKG

Website

http://www.kongsun.com

Kong Sun Holdings Ltd owns and operates photovoltaic power plants, invest in and lease properties, manufactures and sells life-like plants, and trade listed securities. It operates through the following segments: Solar Power Plants, Financial Services, and Liquefied natural gas. The Solar Power Plants segment which derives the majority of revenue generates and sells electricity. The Financial Services segment generates interest income recognized on a time-proportion basis. The Liquefied natural gas segment engages in the trading of liquefied natural gas.

Executives

Miao Yu	2201 Interest of corporation controlled by you
Prospect Ace Limited	2101 Beneficial owner
Xiang Jun	2101 Beneficial owner

Kong Sun Holdings (HKSE:00295) Headlines

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