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. Qeeka Home (Cayman)'s Revenue for the
six
months ended in Dec. 2023 was HK$755 Mil. Qeeka Home (Cayman)'s average Accounts Receivable for the
six
months ended in Dec. 2023 was HK$136 Mil.
Hence, Qeeka Home (Cayman)'s Receivables Turnover for the
six
months ended in Dec. 2023 was 5.55.
Qeeka Home (Cayman) Receivables Turnover Historical Data
The historical data trend for Qeeka Home (Cayman)'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.
Competitive Comparison of Qeeka Home (Cayman)'s Receivables Turnover
For the Internet Content & Information subindustry, Qeeka Home (Cayman)'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.
Qeeka Home (Cayman)'s Receivables Turnover Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Qeeka Home (Cayman)'s Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Qeeka Home (Cayman)'s Receivables Turnover falls into.
Qeeka Home (Cayman) Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Qeeka Home (Cayman)'s Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Qeeka Home (Cayman) (HKSE:01739) 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.
Qeeka Home (Cayman) Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Qeeka Home (Cayman)'s Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Qeeka Home (Cayman) (HKSE:01739) Business Description
Qeeka Home (Cayman) Inc is a provider of SaaS solution in the Interior design and construction industry in China. The principal activities of the Group are the provision of SaaS based total marketing solution (SaaS), provision of targeted marketing services and inspection services (Marketing Service); provision of building and home decoration material supply chain services (Supply Chain Services); provision of interior design and construction service and licensing its brand to business partners and others (Interior Design and Construction); and the provision of other initiative services (Innovation and others). All the revenue of the group was generated in the PRC.
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