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Eastern Pioneer Driving School Co (SHSE:603377) Receivables Turnover : 8.42 (As of Mar. 2024)


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What is Eastern Pioneer Driving School 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. Eastern Pioneer Driving School Co's Revenue for the three months ended in Mar. 2024 was ¥187 Mil. Eastern Pioneer Driving School Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥22 Mil. Hence, Eastern Pioneer Driving School Co's Receivables Turnover for the three months ended in Mar. 2024 was 8.42.


Eastern Pioneer Driving School Co Receivables Turnover Historical Data

The historical data trend for Eastern Pioneer Driving School 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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Eastern Pioneer Driving School Co Receivables Turnover Chart

Eastern Pioneer Driving School 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 322.35 85.44 85.24 51.66 44.30

Eastern Pioneer Driving School 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 7.91 9.11 8.49 7.44 8.42

Competitive Comparison of Eastern Pioneer Driving School Co's Receivables Turnover

For the Education & Training Services subindustry, Eastern Pioneer Driving School 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.


Eastern Pioneer Driving School Co's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Eastern Pioneer Driving School Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eastern Pioneer Driving School Co's Receivables Turnover falls into.



Eastern Pioneer Driving School Co Receivables Turnover Calculation

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

Eastern Pioneer Driving School 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 )
=1042.431 / ((23.623 + 23.441) / 2 )
=1042.431 / 23.532
=44.30

Eastern Pioneer Driving School 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 )
=187.379 / ((23.441 + 21.077) / 2 )
=187.379 / 22.259
=8.42

* 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.


Eastern Pioneer Driving School Co  (SHSE:603377) 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.


Eastern Pioneer Driving School Co Receivables Turnover Related Terms

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Eastern Pioneer Driving School Co (SHSE:603377) Business Description

Traded in Other Exchanges
N/A
Address
No. 19, Jinxing West Road, Daxing District, Beijing, CHN, 102600
Eastern Pioneer Driving School Co Ltd is a China-based company engaged in providing training services for motor vehicle drivers. It also offers sparring service, car repair services, car insurance agents and other auto-related services and consumer products. In addition, the company carries out traffic safety publicity and education activities, focusing on cultivating traffic safety awareness.
Executives
Zuo Fei Director

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