King Stone Energy Group (HKSE:00663) Receivables Turnover : 0.59 (As of Jun. 2023)

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What is King Stone Energy Group 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. King Stone Energy Group's Revenue for the six months ended in Jun. 2023 was HK$59.8 Mil. King Stone Energy Group's average Accounts Receivable for the six months ended in Jun. 2023 was HK$101.6 Mil. Hence, King Stone Energy Group's Receivables Turnover for the six months ended in Jun. 2023 was 0.59.

King Stone Energy Group Receivables Turnover Historical Data

The historical data trend for King Stone Energy Group'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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King Stone Energy Group Receivables Turnover Chart

King Stone Energy Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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0.24

0.11

0.39

0.82

1.51

King Stone Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															0.31	1.32	0.44	0.91	0.59

Competitive Comparison of King Stone Energy Group's Receivables Turnover

For the Conglomerates subindustry, King Stone Energy Group'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.

King Stone Energy Group's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, King Stone Energy Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where King Stone Energy Group's Receivables Turnover falls into.

King Stone Energy Group Receivables Turnover Calculation

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

King Stone Energy Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	147.735	/ (	(103.518	+	92.498)	/	2 )
=	147.735	/	98.008
=	1.51

King Stone Energy Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	59.823	/ (	(92.498	+	110.638)	/	2 )
=	59.823	/	101.568
=	0.59

King Stone Energy Group (HKSE:00663) 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.

King Stone Energy Group Receivables Turnover Related Terms

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King Stone Energy Group (HKSE:00663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » King Stone Energy Group Ltd (HKSE:00663) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SZW:Germany

Address

138 Queen’s Road Central, 17th Floor, V Heun Building, Central, Hong Kong, HKG

Website

https://www.663hk.com

King Stone Energy Group Ltd is an Investment Holding company. The company operates through seven segments namely silver mining, Oil and gas, Asset financing, Photovoltaic, Trading, and Tourism. It operates in Mainland China and the United States. The company's majorityt of the revenue comes from Mainland China.

Executives

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