Shengfeng Development (Shengfeng Development) Receivables Turnover : 2.53 (As of Dec. 2023)

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What is Shengfeng Development 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. Shengfeng Development's Revenue for the six months ended in Dec. 2023 was $219.2 Mil. Shengfeng Development's average Accounts Receivable for the six months ended in Dec. 2023 was $86.7 Mil. Hence, Shengfeng Development's Receivables Turnover for the six months ended in Dec. 2023 was 2.53.

Shengfeng Development Receivables Turnover Historical Data

The historical data trend for Shengfeng Development'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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Shengfeng Development Receivables Turnover Chart

Shengfeng Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.70

4.38

4.36

4.33

Shengfeng Development Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.26	2.11	2.45	2.24	2.53

Competitive Comparison of Shengfeng Development's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Shengfeng Development'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.

Shengfeng Development's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shengfeng Development's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shengfeng Development's Receivables Turnover falls into.

Shengfeng Development Receivables Turnover Calculation

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

Shengfeng Development'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 )
=	404.121	/ (	(89.11	+	97.698)	/	2 )
=	404.121	/	93.404
=	4.33

Shengfeng Development'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 )
=	219.15	/ (	(75.774	+	97.698)	/	2 )
=	219.15	/	86.736
=	2.53

Shengfeng Development (NAS:SFWL) 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.

Shengfeng Development Receivables Turnover Related Terms

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Shengfeng Development (Shengfeng Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shengfeng Development Ltd (NAS:SFWL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 478 Fuxin East Road, Shengfeng Building, Jinan District,, Fuzhou City, CHN, 350001

Website

http://www.sfwl.com.cn

Shengfeng Development Ltd is a holding company. The firm through its subsidiaries engages in cargo warehousing, road transportation, and urban distribution. It offers contract logistics services comprising planning and designing supply chains, designing facilities, processing orders, collecting payments, managing inventories, and providing client services. Its integrated logistics solution services are comprised of three segments: B2B freight transportation; cloud storage; and value-added services.

Shengfeng Development (Shengfeng Development) Headlines

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