Shiyue Daotian Group Co (HKSE:09676) Receivables Turnover : 14.97 (As of Dec. 2023)

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What is Shiyue Daotian Group Co 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. Shiyue Daotian Group Co's Revenue for the six months ended in Dec. 2023 was HK$5,323 Mil. Shiyue Daotian Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$356 Mil. Hence, Shiyue Daotian Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 14.97.

Shiyue Daotian Group Co Receivables Turnover Historical Data

The historical data trend for Shiyue Daotian Group Co'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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Shiyue Daotian Group Co Receivables Turnover Chart

Shiyue Daotian Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

17.55

10.62

9.05

14.97

Shiyue Daotian Group Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	17.55	10.62	9.05	14.97

Competitive Comparison of Shiyue Daotian Group Co's Receivables Turnover

For the Packaged Foods subindustry, Shiyue Daotian Group Co'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.

Shiyue Daotian Group Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shiyue Daotian Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shiyue Daotian Group Co's Receivables Turnover falls into.

Shiyue Daotian Group Co Receivables Turnover Calculation

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

Shiyue Daotian Group Co'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 )
=	5323.45	/ (	(445.694	+	265.517)	/	2 )
=	5323.45	/	355.6055
=	14.97

Shiyue Daotian Group Co'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5323.45	/ (	(445.694	+	265.517)	/	2 )
=	5323.45	/	355.6055
=	14.97

Shiyue Daotian Group Co (HKSE:09676) 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.

Shiyue Daotian Group Co Receivables Turnover Related Terms

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Shiyue Daotian Group Co (HKSE:09676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiyue Daotian Group Co Ltd (HKSE:09676) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

2nd Floor, Building A, Yisha Wenxin Plaza, Chaoyang, Beijing, CHN

Website

https://www.shiyuedaotian.com

Shiyue Daotian Group Co Ltd is one of China's leading and rapidly growing pantry staple food companies, enjoying a robust multichannel brand presence. It has been dedicated to providing its consumers with pre-packaged premium rice, whole grain, bean, and dried food products.

Executives

Hsg Growth Vi Holdco Y, Ltd.
Shen Nan Peng
Zhou Kui
Snp China Enterprises Limited
Shenzhen Hongshan Yuechen Investment Partnership (limited Partnership)
Shenzhen Hongshan Yuchen Equity Investment Partnership (limited Partnership)
Shenzhen Hongshan Huanyu Investment Consulting Co., Ltd.
Shenzhen Hongshan Hanchen Equity Investment Partnership (limited Partnership)
Shenzhen Hongshan Antai Equity Investment Partnership (limited Partnership)
Hsg Holding Limited
Hsg Growth Vi Management, L.p.
Cheuk Hiu Kwong
Hongshan Capital Growth Fund Vi, L.p.
Joyous Beats Limited	2201 Interest of corporation controlled by you
Jd.com, Inc.	2201 Interest of corporation controlled by you

Shiyue Daotian Group Co (HKSE:09676) Headlines

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