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Hainan Jingliang Holdings Co (SZSE:000505) Receivables Turnover : 18.06 (As of Mar. 2024)


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What is Hainan Jingliang Holdings 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. Hainan Jingliang Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥3,636 Mil. Hainan Jingliang Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥201 Mil. Hence, Hainan Jingliang Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 18.06.


Hainan Jingliang Holdings Co Receivables Turnover Historical Data

The historical data trend for Hainan Jingliang Holdings 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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Hainan Jingliang Holdings Co Receivables Turnover Chart

Hainan Jingliang Holdings 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 83.36 101.07 134.48 160.97 123.43

Hainan Jingliang Holdings 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 30.98 14.38 35.88 38.55 18.06

Competitive Comparison of Hainan Jingliang Holdings Co's Receivables Turnover

For the Packaged Foods subindustry, Hainan Jingliang Holdings 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.


Hainan Jingliang Holdings Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hainan Jingliang Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hainan Jingliang Holdings Co's Receivables Turnover falls into.



Hainan Jingliang Holdings Co Receivables Turnover Calculation

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

Hainan Jingliang Holdings 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 )
=11901.009 / ((77.057 + 115.78) / 2 )
=11901.009 / 96.4185
=123.43

Hainan Jingliang Holdings 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 )
=3636.199 / ((115.78 + 286.806) / 2 )
=3636.199 / 201.293
=18.06

* 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.


Hainan Jingliang Holdings Co  (SZSE:000505) 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.


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Hainan Jingliang Holdings Co (SZSE:000505) Business Description

Traded in Other Exchanges
Address
Binhai Avenue, 29th Floor, Dihao Building, Pearl River Square, Hainan Province, Haikou, CHN, 570125
Website
Hainan Jingliang Holdings Co Ltd is a food processing industry. It is engaged in the processing, production, and sales of foodstuffs, agricultural and sideline products, oils and fats, oils and snack foods.
Executives
Wang Yue Cheng Executives
Wu Jian She Executives
Chen Jing Wei Director
Wang Zhi Gang Director

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