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Kexin Development Co Shanxi (SHSE:600234) Receivables Turnover : 0.05 (As of Mar. 2024)


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What is Kexin Development Co Shanxi 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. Kexin Development Co Shanxi's Revenue for the three months ended in Mar. 2024 was ¥3.76 Mil. Kexin Development Co Shanxi's average Accounts Receivable for the three months ended in Mar. 2024 was ¥72.41 Mil. Hence, Kexin Development Co Shanxi's Receivables Turnover for the three months ended in Mar. 2024 was 0.05.


Kexin Development Co Shanxi Receivables Turnover Historical Data

The historical data trend for Kexin Development Co Shanxi'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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Kexin Development Co Shanxi Receivables Turnover Chart

Kexin Development Co Shanxi Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.03 7.11 2.24 0.56 0.50

Kexin Development Co Shanxi Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.08 0.30 - 0.05

Competitive Comparison of Kexin Development Co Shanxi's Receivables Turnover

For the Advertising Agencies subindustry, Kexin Development Co Shanxi'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.


Kexin Development Co Shanxi's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kexin Development Co Shanxi's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kexin Development Co Shanxi's Receivables Turnover falls into.



Kexin Development Co Shanxi Receivables Turnover Calculation

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

Kexin Development Co Shanxi'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 )
=70.102 / ((194.903 + 83.631) / 2 )
=70.102 / 139.267
=0.50

Kexin Development Co Shanxi's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=3.761 / ((83.631 + 61.192) / 2 )
=3.761 / 72.4115
=0.05

* 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.


Kexin Development Co Shanxi  (SHSE:600234) 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.


Kexin Development Co Shanxi Receivables Turnover Related Terms

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Kexin Development Co Shanxi (SHSE:600234) Business Description

Traded in Other Exchanges
N/A
Address
No. 289 Yingze Street, Shanxi Province, Taiyuan, CHN, 030001
Website
Guanghe Landscape Culture Communication Co Ltd is engaged in cultural event planning; cultural communication planning; corporate image planning; investment in theme parks and tourism cultural projects, cultural performance projects, cinema lines, book publishing publications with own funds; painting and calligraphy art creation and display.
Executives
Chen Fu Xing Director
Wang Tie Sheng senior management

Kexin Development Co Shanxi (SHSE:600234) Headlines

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