Dexin Services Group (HKSE:02215) Receivables Turnover : 0.65 (As of Dec. 2023)

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What is Dexin Services 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. Dexin Services Group's Revenue for the six months ended in Dec. 2023 was HK$544 Mil. Dexin Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$840 Mil. Hence, Dexin Services Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.65.

Dexin Services Group Receivables Turnover Historical Data

The historical data trend for Dexin Services 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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Dexin Services Group Receivables Turnover Chart

Dexin Services Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.29

4.55

5.68

2.01

0.99

Dexin Services Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					2.14	1.83	0.85	0.79	0.65

Competitive Comparison of Dexin Services Group's Receivables Turnover

For the Real Estate Services subindustry, Dexin Services 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.

Dexin Services Group's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Dexin Services Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dexin Services Group's Receivables Turnover falls into.

Dexin Services Group Receivables Turnover Calculation

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

Dexin Services Group'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 )
=	1045.193	/ (	(845.009	+	1258.129)	/	2 )
=	1045.193	/	1051.569
=	0.99

Dexin Services Group'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 )
=	544.218	/ (	(422.031	+	1258.129)	/	2 )
=	544.218	/	840.08
=	0.65

Dexin Services Group (HKSE:02215) 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.

Dexin Services Group Receivables Turnover Related Terms

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Dexin Services Group (HKSE:02215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dexin Services Group Ltd (HKSE:02215) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2008-2010, Jinchang Road, Liangzhu Street, Room 488, Building 2, Zhejiang Province, Hangzhou, CHN

Website

https://www.dexinfuwu.com

Dexin Services Group Ltd is a property management service provider in Zhejiang province. It provides a wide range of services for both residential and non-residential properties through three business lines, namely, property management services, value-added services to non-property owners, and community value-added services.

Executives

Guotai Junan Securities Co., Ltd.	2201 Interest of corporation controlled by you
Huaan Fund Management Co., Ltd Representing Huaan-hmtz-qdii-single Asset Management Plan And Huaan-ry-qdii-single Asset Management Plan	2501 Other
Hu Yiping
Shengfu International Limited
Wei Peifen
Kaibang International Limited
Hong Kong Mei Lun Int'l Co., Limited
Jin Liang
Shen Yuehua
Hua An Ji Jin Guan Li You Xian Gong Si Dai Biao Hua An Ji Jin Hua Mei Tou Zi Hua An Ji Jin Nan Dou W	2501 Other

Dexin Services Group (HKSE:02215) Headlines

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