MECOM Power and Construction (HKSE:01183) Receivables Turnover : 1.23 (As of Dec. 2023)

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What is MECOM Power and Construction 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. MECOM Power and Construction's Revenue for the six months ended in Dec. 2023 was HK$676 Mil. MECOM Power and Construction's average Accounts Receivable for the six months ended in Dec. 2023 was HK$549 Mil. Hence, MECOM Power and Construction's Receivables Turnover for the six months ended in Dec. 2023 was 1.23.

MECOM Power and Construction Receivables Turnover Historical Data

The historical data trend for MECOM Power and Construction'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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MECOM Power and Construction Receivables Turnover Chart

MECOM Power and Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.48

4.03

3.45

2.82

2.61

MECOM Power and Construction Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												1.74	1.45	1.32	1.28	1.23

Competitive Comparison of MECOM Power and Construction's Receivables Turnover

For the Steel subindustry, MECOM Power and Construction'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.

MECOM Power and Construction's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, MECOM Power and Construction's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MECOM Power and Construction's Receivables Turnover falls into.

MECOM Power and Construction Receivables Turnover Calculation

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

MECOM Power and Construction'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 )
=	1453.008	/ (	(615.143	+	499.188)	/	2 )
=	1453.008	/	557.1655
=	2.61

MECOM Power and Construction'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 )
=	676.063	/ (	(599.03	+	499.188)	/	2 )
=	676.063	/	549.109
=	1.23

MECOM Power and Construction (HKSE:01183) 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.

MECOM Power and Construction Receivables Turnover Related Terms

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MECOM Power and Construction (HKSE:01183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » MECOM Power and Construction Ltd (HKSE:01183) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258 Alameda Dr. Carlos D'Assumpcao, Units Q, R and S, 6th Floor, Kin Fu Kuok, Praca Kin Heng Long-Heng Hoi Kuok, Macau, MAC

Website

http://www.mecommacau.com

MECOM Power and Construction Ltd is an integrated construction engineering contractor and power substations constructor in Macau. The company's segment includes Construction business engages in the provision of construction services, including construction and fitting out works, high voltage power substation construction and its system installation works, E&M engineering services works, and provision of facilities management services; and EV charging business engages in the sale of EV charging systems and subscription fee income. It generates maximum revenue from Construction and fitting out works segment. Geographically, it derives revenue from Macau.

Executives

Lei Kuok Hong	2201 Interest of corporation controlled by you
Chan Sao Ieng	2202 Interest of your spouse
Kuan Chio Man
Macau New Base Investment Company Limited	2101 Beneficial owner
Chan Ka Lai
Kuok Lam Sek
Lam Ka Man
Lam Kuok Wa
Lao Ka Wa
Mecom Holding Limited
Sou Kun Tou
Tam Cho Veng
Wong Fong Peng

MECOM Power and Construction (HKSE:01183) Headlines

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