Sino-Life Group (HKSE:08296) Receivables Turnover : 34.75 (As of Dec. 2023)

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What is Sino-Life 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. Sino-Life Group's Revenue for the three months ended in Dec. 2023 was HK$18.80 Mil. Sino-Life Group's average Accounts Receivable for the three months ended in Dec. 2023 was HK$0.54 Mil. Hence, Sino-Life Group's Receivables Turnover for the three months ended in Dec. 2023 was 34.75.

Sino-Life Group Receivables Turnover Historical Data

The historical data trend for Sino-Life 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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Sino-Life Group Receivables Turnover Chart

Sino-Life Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.48

2.97

1.99

4.54

119.18

Sino-Life Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															29.65	36.38	473.00	433.53	34.75

Competitive Comparison of Sino-Life Group's Receivables Turnover

For the Personal Services subindustry, Sino-Life 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.

Sino-Life Group's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Sino-Life Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sino-Life Group's Receivables Turnover falls into.

Sino-Life Group Receivables Turnover Calculation

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

Sino-Life 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 )
=	79.376	/ (	(0.791	+	0.541)	/	2 )
=	79.376	/	0.666
=	119.18

Sino-Life 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	18.802	/ (	(0	+	0.541)	/	1 )
=	18.802	/	0.541
=	34.75

Sino-Life Group (HKSE:08296) 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.

Sino-Life Group Receivables Turnover Related Terms

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Sino-Life Group (HKSE:08296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Sino-Life Group Ltd (HKSE:08296) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Wing Lok Street, 18th Floor, Ovest, Sheung Wan, Hong Kong, HKG

Website

https://www.sinolifegroup.com//index_en.asp

Sino-Life Group Ltd offers funeral services. It is primarily engaged in the provision of funeral and related services, the sale of burial plots and provision of cemetery maintenance services. The company operates in the segments of Funeral services, Elderly care services, and Stem cells and immunocytes business. It derives prime revenue from the Funeral services segment. Geographically, the group has a business presence in the PRC, Taiwan, Hong Kong, and Vietnam, of which a majority of revenue is generated from the PRC.

Executives

Ou Yafei	2101 Beneficial owner
Shen Zhen Shi Nan Yue Tian Che Sheng Wu Zhi Neng Zhuang Bei Tou Zi You Xian Gong Si	2106 Person having a security interest in shares
Xiang Gang Gao Qi Sheng Wu Ke Ji You Xian Gong Si	2101 Beneficial owner

Sino-Life Group (HKSE:08296) Headlines

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