Jardine Matheson Holdings (Jardine Matheson Holdings) Receivables Turnover : 2.55 (As of Dec. 2023)

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What is Jardine Matheson Holdings 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. Jardine Matheson Holdings's Revenue for the six months ended in Dec. 2023 was $17,742 Mil. Jardine Matheson Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $6,961 Mil. Hence, Jardine Matheson Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.55.

Jardine Matheson Holdings Receivables Turnover Historical Data

The historical data trend for Jardine Matheson Holdings'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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Jardine Matheson Holdings Receivables Turnover Chart

Jardine Matheson Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.13

4.37

5.24

5.46

5.34

Jardine Matheson Holdings 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															2.67	2.59	2.75	2.61	2.55

Competitive Comparison of Jardine Matheson Holdings's Receivables Turnover

For the Conglomerates subindustry, Jardine Matheson Holdings'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.

Jardine Matheson Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jardine Matheson Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jardine Matheson Holdings's Receivables Turnover falls into.

Jardine Matheson Holdings Receivables Turnover Calculation

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

Jardine Matheson Holdings'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 )
=	36049	/ (	(6799	+	6691)	/	2 )
=	36049	/	6745
=	5.34

Jardine Matheson Holdings'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 )
=	17742	/ (	(7230	+	6691)	/	2 )
=	17742	/	6960.5
=	2.55

Jardine Matheson Holdings (OTCPK:JARLF) 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.

Jardine Matheson Holdings Receivables Turnover Related Terms

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Jardine Matheson Holdings (Jardine Matheson Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jardine Matheson Holdings Ltd (OTCPK:JARLF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JMHLY:USA J36:Singapore H4W:Germany H4W:Germany

Address

33-35 Reid Street, 4th Floor, Jardine House, P.O. Box HM 1068, Hamilton, BMU, HM 12

Website

https://www.jardines.com

Jardine Matheson Holdings Ltd is a conglomerate of businesses operating primarily in Greater China and Southeast Asia. The affiliates offer products and services in motor vehicles and related operations, property investment and development, food retailing, home furnishing, engineering and construction, transport services, insurance broking, restaurants, luxury hotels, financial services, heavy equipment, mining, and agribusiness. In terms of net income, the largest businesses within the group are Hong Kong Land and Dairy Farm, which are property investment firms and food retailers, respectively.