China Resources Mixc Lifestyle Services (HKSE:01209) Receivables Turnover : 3.88 (As of Dec. 2023)

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What is China Resources Mixc Lifestyle Services 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. China Resources Mixc Lifestyle Services's Revenue for the six months ended in Dec. 2023 was HK$8,721 Mil. China Resources Mixc Lifestyle Services's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,250 Mil. Hence, China Resources Mixc Lifestyle Services's Receivables Turnover for the six months ended in Dec. 2023 was 3.88.

China Resources Mixc Lifestyle Services Receivables Turnover Historical Data

The historical data trend for China Resources Mixc Lifestyle Services'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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China Resources Mixc Lifestyle Services Receivables Turnover Chart

China Resources Mixc Lifestyle Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.50

9.96

9.72

8.79

7.99

China Resources Mixc Lifestyle Services Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							4.54	3.33	3.57	3.71	3.88

Competitive Comparison of China Resources Mixc Lifestyle Services's Receivables Turnover

For the Real Estate Services subindustry, China Resources Mixc Lifestyle Services'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.

China Resources Mixc Lifestyle Services's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Resources Mixc Lifestyle Services's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Resources Mixc Lifestyle Services's Receivables Turnover falls into.

China Resources Mixc Lifestyle Services Receivables Turnover Calculation

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

China Resources Mixc Lifestyle Services'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 )
=	16151.78	/ (	(1775.409	+	2267.999)	/	2 )
=	16151.78	/	2021.704
=	7.99

China Resources Mixc Lifestyle Services'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 )
=	8721.387	/ (	(2231.388	+	2267.999)	/	2 )
=	8721.387	/	2249.6935
=	3.88

China Resources Mixc Lifestyle Services (HKSE:01209) 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.

China Resources Mixc Lifestyle Services Receivables Turnover Related Terms

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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Mixc Lifestyle Services Ltd (HKSE:01209) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9668 Shennan Avenue, 30th Floor, China Resources Land Building, Tower B, Nanshan District, Shenzhen, CHN

Website

https://www.crmixclifestyle.com.cn

China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.

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