Huayi Tencent Entertainment Co (HKSE:00419) Receivables Turnover : 6.91 (As of Dec. 2023)

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What is Huayi Tencent Entertainment 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. Huayi Tencent Entertainment Co's Revenue for the six months ended in Dec. 2023 was HK$656 Mil. Huayi Tencent Entertainment Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$95 Mil. Hence, Huayi Tencent Entertainment Co's Receivables Turnover for the six months ended in Dec. 2023 was 6.91.

Huayi Tencent Entertainment Co Receivables Turnover Historical Data

The historical data trend for Huayi Tencent Entertainment 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.

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Huayi Tencent Entertainment Co Receivables Turnover Chart

Huayi Tencent Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.17

19.88

13.98

Huayi Tencent Entertainment 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															4.33	8.76	9.77	7.26	6.91

Competitive Comparison of Huayi Tencent Entertainment Co's Receivables Turnover

For the Leisure subindustry, Huayi Tencent Entertainment 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.

Huayi Tencent Entertainment Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Huayi Tencent Entertainment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Huayi Tencent Entertainment Co's Receivables Turnover falls into.

Huayi Tencent Entertainment Co Receivables Turnover Calculation

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

Huayi Tencent Entertainment 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 )
=	1344.031	/ (	(95.787	+	96.436)	/	2 )
=	1344.031	/	96.1115
=	13.98

Huayi Tencent Entertainment 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 )
=	656.369	/ (	(93.583	+	96.436)	/	2 )
=	656.369	/	95.0095
=	6.91

Huayi Tencent Entertainment Co (HKSE:00419) 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.

Huayi Tencent Entertainment Co Receivables Turnover Related Terms

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Huayi Tencent Entertainment Co (HKSE:00419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Huayi Tencent Entertainment Co Ltd (HKSE:00419) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HUYTF:USA

Address

89 Queensway, Suite 908, 9th Floor, Tower Two, Lippo Centre, Hong Kong, HKG

Website

http://www.huayitencent.com

Huayi Tencent Entertainment Co Ltd is a new media company integrating culture and entertainment. The business activities of the group function through Echartnow, Meerkat Health, Entertainment & Media, and Healthcare & Wellness Services. Echartnow segment includes Online prescription, circulation, and marketing of pharmaceutical products. Meerkat Health segment includes an Internet healthcare management platform. Its geographical segments include China, Hong Kong, and Other countries.

Executives

Zhao John Huan	2201 Interest of corporation controlled by you
Exponential Fortune Group Limited	2201 Interest of corporation controlled by you
Hony Capital Group, L.p.	2201 Interest of corporation controlled by you
Hony Group Management Limited	2201 Interest of corporation controlled by you
Hony Managing Partners Limited	2201 Interest of corporation controlled by you
United Strength Ls Limited	2101 Beneficial owner
United Strength Youthful Limited	2201 Interest of corporation controlled by you
Zhao John Huan	2201 Interest of corporation controlled by you
Huayi Brothers International Limited	2101 Beneficial owner
Huayi Brothers Media Corporation	2201 Interest of corporation controlled by you
Greater Harmony Limited	2101 Beneficial owner
Ko Chun Shun, Johnson	2201 Interest of corporation controlled by you
Yuen Hoi Po	2101 Beneficial owner
Smart Concept Enterprise Limited	2101 Beneficial owner

Huayi Tencent Entertainment Co (HKSE:00419) Headlines

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