HKT Trust and HKT (HKSE:06823) Receivables Turnover : 7.19 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is HKT Trust and HKT 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. HKT Trust and HKT's Revenue for the six months ended in Dec. 2023 was HK$17,930 Mil. HKT Trust and HKT's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,493 Mil. Hence, HKT Trust and HKT's Receivables Turnover for the six months ended in Dec. 2023 was 7.19.

HKT Trust and HKT Receivables Turnover Historical Data

The historical data trend for HKT Trust and HKT'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.

* Premium members only.

HKT Trust and HKT Receivables Turnover Chart

HKT Trust and HKT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

9.04

9.45

9.43

9.47

11.27

HKT Trust and HKT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.29	4.24	5.19	6.07	7.19

Competitive Comparison of HKT Trust and HKT's Receivables Turnover

For the Telecom Services subindustry, HKT Trust and HKT'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.

HKT Trust and HKT's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, HKT Trust and HKT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HKT Trust and HKT's Receivables Turnover falls into.

HKT Trust and HKT Receivables Turnover Calculation

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

HKT Trust and HKT'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 )
=	34330	/ (	(3254	+	2838)	/	2 )
=	34330	/	3046
=	11.27

HKT Trust and HKT'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 )
=	17930	/ (	(2147	+	2838)	/	2 )
=	17930	/	2492.5
=	7.19

HKT Trust and HKT (HKSE:06823) 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.

HKT Trust and HKT Receivables Turnover Related Terms

Thank you for viewing the detailed overview of HKT Trust and HKT's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

HKT Trust and HKT (HKSE:06823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » HKT Trust and HKT Ltd (HKSE:06823) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HKTTY:USA HKTTF:USA 4HK:Germany

Address

979 King’s Road, Quarry Bay, 39th Floor, PCCW Tower, Taikoo Place, Hong Kong, HKG

Website

https://www.hkt.com

HKT Trust and HKT Ltd is a triple-play telecommunications provider that operates through three segments, telecommunications services, mobile, and Other businesses. Telecommunication services are the larger business segment and generates revenue by providing voice services, broadband services, local and international data services, and the sales of equipment. The company's mobile segment generates revenue by selling mobile services and handsets. The Other Businesses segment primarily comprises new business areas such as Tap & Go mobile payment service and The Club program, and corporate support functions. The company owns fiber and mobile infrastructure. HKT Trust generate the vast majority of its revenue in Hong Kong.

Executives

Pccw Limited	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent

HKT Trust and HKT (HKSE:06823) Headlines

No Headlines