Cheche Group (Cheche Group) Receivables Turnover : 4.08 (As of Dec. 2022)

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What is Cheche 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. Cheche Group's Revenue for the six months ended in Dec. 2022 was $217.9 Mil. Cheche Group's average Accounts Receivable for the six months ended in Dec. 2022 was $53.4 Mil. Hence, Cheche Group's Receivables Turnover for the six months ended in Dec. 2022 was 4.08.

Cheche Group Receivables Turnover Historical Data

The historical data trend for Cheche 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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Cheche Group Receivables Turnover Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

6.07

7.50

7.53

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Receivables Turnover	-	3.55	3.68	4.08	-

Competitive Comparison of Cheche Group's Receivables Turnover

For the Internet Content & Information subindustry, Cheche 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.

Cheche Group's Receivables Turnover Distribution in the Interactive Media Industry

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

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

Cheche Group Receivables Turnover Calculation

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

Cheche 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 )
=	462.371	/ (	(57.614	+	65.274)	/	2 )
=	462.371	/	61.444
=	7.53

Cheche Group's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	217.851	/ (	(49.252	+	57.614)	/	2 )
=	217.851	/	53.433
=	4.08

Cheche Group (NAS:CCG) 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.

Cheche Group Receivables Turnover Related Terms

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Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

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