Xin Yuan Enterprises Group (HKSE:01748) Receivables Turnover : 40.01 (As of Dec. 2023)

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What is Xin Yuan Enterprises 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. Xin Yuan Enterprises Group's Revenue for the six months ended in Dec. 2023 was HK$225.3 Mil. Xin Yuan Enterprises Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$5.6 Mil. Hence, Xin Yuan Enterprises Group's Receivables Turnover for the six months ended in Dec. 2023 was 40.01.

Xin Yuan Enterprises Group Receivables Turnover Historical Data

The historical data trend for Xin Yuan Enterprises 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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Xin Yuan Enterprises Group Receivables Turnover Chart

Xin Yuan Enterprises Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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23.31

29.53

38.03

67.45

126.55

Xin Yuan Enterprises Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											14.49	20.02	23.36	35.32	40.01

Competitive Comparison of Xin Yuan Enterprises Group's Receivables Turnover

For the Marine Shipping subindustry, Xin Yuan Enterprises 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.

Xin Yuan Enterprises Group's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Xin Yuan Enterprises Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Xin Yuan Enterprises Group's Receivables Turnover falls into.

Xin Yuan Enterprises Group Receivables Turnover Calculation

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

Xin Yuan Enterprises 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 )
=	460.122	/ (	(4.671	+	2.601)	/	2 )
=	460.122	/	3.636
=	126.55

Xin Yuan Enterprises 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	225.328	/ (	(8.663	+	2.601)	/	2 )
=	225.328	/	5.632
=	40.01

Xin Yuan Enterprises Group (HKSE:01748) 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.

Xin Yuan Enterprises Group Receivables Turnover Related Terms

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Xin Yuan Enterprises Group (HKSE:01748) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xin Yuan Enterprises Group Ltd (HKSE:01748) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 23 Changting Street, Room 02–05, 40th Floor, International Commerce Centre, Taijiang, Fuzhou, CHN

Website

https://www.xysgroup.com

Xin Yuan Enterprises Group Ltd is an investment holding company. The company along with its holdings is engaged in providing asphalt tanker chartering and bulk carrier chartering services, and trading of asphalt. It principally provides asphalt tanker chartering services under various types of charter agreements comprising through the agreement with time charters; voyage charters and contracts of affreightment. Its operating segments include Asphalt tanker chartering services, Bulk carrier chartering services, and Asphalt trading.

Executives

Chen Yanbiao	2101 Beneficial owner
Peace Investment Limited	2101 Beneficial owner
Fan Liangquan	2201 Interest of corporation controlled by you
Lan Shaoyun	2201 Interest of corporation controlled by you
Golden Boomer Limited	2101 Beneficial owner
Hong Jian Bin	2202 Interest of your spouse
Industrial Bank Co., Ltd	2106 Person having a security interest in shares
Ni Hualing	2202 Interest of your spouse
Huan Yu Guo Ji Ke Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
Prosperous Bright Limited	2201 Interest of corporation controlled by you
Chen Maochun	2201 Interest of corporation controlled by you
Perfect Bliss Limited	2101 Beneficial owner
Xu Wenjun	2201 Interest of corporation controlled by you
Zhu Zhen	2202 Interest of your spouse
Wu Kai	2201 Interest of corporation controlled by you

Xin Yuan Enterprises Group (HKSE:01748) Headlines

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