Homeland Interactive Technology (HKSE:03798) Receivables Turnover : 4.77 (As of Dec. 2023)

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What is Homeland Interactive Technology 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. Homeland Interactive Technology's Revenue for the six months ended in Dec. 2023 was HK$904 Mil. Homeland Interactive Technology's average Accounts Receivable for the six months ended in Dec. 2023 was HK$190 Mil. Hence, Homeland Interactive Technology's Receivables Turnover for the six months ended in Dec. 2023 was 4.77.

Homeland Interactive Technology Receivables Turnover Historical Data

The historical data trend for Homeland Interactive Technology'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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Homeland Interactive Technology Receivables Turnover Chart

Homeland Interactive Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.66

11.46

8.14

7.69

10.24

Homeland Interactive Technology Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									4.35	4.20	4.22	4.85	4.77

Competitive Comparison of Homeland Interactive Technology's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Homeland Interactive Technology'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.

Homeland Interactive Technology's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Homeland Interactive Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Homeland Interactive Technology's Receivables Turnover falls into.

Homeland Interactive Technology Receivables Turnover Calculation

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

Homeland Interactive Technology'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 )
=	1946.562	/ (	(215.469	+	164.643)	/	2 )
=	1946.562	/	190.056
=	10.24

Homeland Interactive Technology'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 )
=	903.669	/ (	(214.481	+	164.643)	/	2 )
=	903.669	/	189.562
=	4.77

Homeland Interactive Technology (HKSE:03798) 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.

Homeland Interactive Technology Receivables Turnover Related Terms

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Homeland Interactive Technology (HKSE:03798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Homeland Interactive Technology Ltd (HKSE:03798) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Tainan Road, 7A, 22nd Floor, Huijin Building, Siming District, Xiamen, CHN

Website

https://www.jiaxianghudong.com

Homeland Interactive Technology Ltd is a developer and operator of g localized card and board game developer and operator in the PRC with a special focus on localized Mahjong and poker games. It derives revenue from game development and operation income from sales of virtual tokens and private game room cards. Its operating activities are attributable to a single operating segment focusing on the development and operation of mobile games in the Peoples' Republic of China.

Executives

Zhang Na	2101 Beneficial owner
Su Bo	2202 Interest of your spouse
Futu Trustee Limited	2301 Trustee
Ding Chunlong	2101 Beneficial owner
Jiang Mingkuan
One One Eleven Limited	2201 Interest of corporation controlled by you
Futu Trustee (singapore) Pte Ltd	2301 Trustee
Men Geng	2307 Founder of a discretionary trust who can infl
Men Geng Network Limited	2101 Beneficial owner
Su Bo Network Limited	2101 Beneficial owner
Su Bo	2201 Interest of corporation controlled by you
Jiang Ming Kuan Network Limited	2101 Beneficial owner
Wu Chengze	2201 Interest of corporation controlled by you
Wu Chengze Network Limited	2101 Beneficial owner
Li Bo	2201 Interest of corporation controlled by you

Homeland Interactive Technology (HKSE:03798) Headlines

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