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Sunny Loan Top Co (SHSE:600830) Receivables Turnover : 7.88 (As of Mar. 2024)


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What is Sunny Loan Top 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. Sunny Loan Top Co's Revenue for the three months ended in Mar. 2024 was ¥93.5 Mil. Sunny Loan Top Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥11.9 Mil. Hence, Sunny Loan Top Co's Receivables Turnover for the three months ended in Mar. 2024 was 7.88.

Sunny Loan Top Co Receivables Turnover Historical Data

The historical data trend for Sunny Loan Top 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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Sunny Loan Top Co Receivables Turnover Chart

Sunny Loan Top Co 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 10.47 6.11 20.11 42.25 29.81

Sunny Loan Top Co 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 17.48 17.07 21.13 8.19 7.88

Competitive Comparison of Sunny Loan Top Co's Receivables Turnover

For the Specialty Business Services subindustry, Sunny Loan Top 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.

Sunny Loan Top Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sunny Loan Top Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sunny Loan Top Co's Receivables Turnover falls into.


Sunny Loan Top Co Receivables Turnover Calculation

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

Sunny Loan Top 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 )
=262.649 / ((5.263 + 12.358) / 2 )
=262.649 / 8.8105
=29.81

Sunny Loan Top Co'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 )
=93.478 / ((12.358 + 11.378) / 2 )
=93.478 / 11.868
=7.88

* 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.

Sunny Loan Top Co  (SHSE:600830) 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.

Sunny Loan Top Co Receivables Turnover Related Terms

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Sunny Loan Top Co (SHSE:600830) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sunny Loan Top Co Ltd (SHSE:600830) » Definitions » Receivables Turnover
Comparable Companies
SZSE:301110 SZSE:300215 SZSE:002599 SZSE:000812 BJSE:871753 SZSE:301289 SZSE:002825 SZSE:300469 SZSE:300795 SZSE:300947 LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN TSX:RBA LSE:RTO ASX:BXB XPAR:SW
Traded in Other Exchanges
N/A
Address
No. 48 Lane 130, Kaiming Street, Ningbo, Zhejiang, CHN, 315000
Website
http://www.sunnyloantop.cn
Sunny Loan Top Co Ltd is a China-based company engaged in the commodities distribution and pawn businesses, provision of guaranty and leasing services, entrusted loan services, as well as commercial trading and property development businesses.

Sunny Loan Top Co (SHSE:600830) Headlines

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