Shanghai Shine-Link International Logistics Co (SHSE:603648) Receivables Turnover : 1.70 (As of Mar. 2024)

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What is Shanghai Shine-Link International Logistics 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. Shanghai Shine-Link International Logistics Co's Revenue for the three months ended in Mar. 2024 was ¥423 Mil. Shanghai Shine-Link International Logistics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥248 Mil. Hence, Shanghai Shine-Link International Logistics Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.70.

Shanghai Shine-Link International Logistics Co Receivables Turnover Historical Data

The historical data trend for Shanghai Shine-Link International Logistics 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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Shanghai Shine-Link International Logistics Co Receivables Turnover Chart

Shanghai Shine-Link International Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.25

8.17

8.09

6.68

6.45

Shanghai Shine-Link International Logistics 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															1.61	1.65	1.73	1.76	1.70

Competitive Comparison of Shanghai Shine-Link International Logistics Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Shanghai Shine-Link International Logistics 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.

Shanghai Shine-Link International Logistics Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Shine-Link International Logistics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Shine-Link International Logistics Co's Receivables Turnover falls into.

Shanghai Shine-Link International Logistics Co Receivables Turnover Calculation

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

Shanghai Shine-Link International Logistics 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 )
=	1632.029	/ (	(264.508	+	241.26)	/	2 )
=	1632.029	/	252.884
=	6.45

Shanghai Shine-Link International Logistics 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 )
=	422.977	/ (	(241.26	+	254.996)	/	2 )
=	422.977	/	248.128
=	1.70

Shanghai Shine-Link International Logistics Co (SHSE:603648) 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.

Shanghai Shine-Link International Logistics Co Receivables Turnover Related Terms

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Shanghai Shine-Link International Logistics Co (SHSE:603648) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Shine-Link International Logistics Co Ltd (SHSE:603648) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No.68 ,Ri Jing Road, Waigaoqiao Free Trade Zone, Shanghai, CHN, 200131

Website

https://www.chinaslc.com

Shanghai Shine-Link International Logistics Co Ltd is the third-party logistics company. It focuses on providing lean supply chain management services to international multinational companies. Its service portfolio consists of customs clearance, customs inspection, transportation, warehousing management, lean inventory management service, regional and global distribution centre service, deferred declaration of handbook service, and overland transport service. In addition, the company also provides integrated lean supply chain model for medical equipment industry.

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