New Hope Liuhe Co (SZSE:000876) Receivables Turnover : 16.25 (As of Mar. 2024)

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What is New Hope Liuhe 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. New Hope Liuhe Co's Revenue for the three months ended in Mar. 2024 was ¥23,908 Mil. New Hope Liuhe Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,471 Mil. Hence, New Hope Liuhe Co's Receivables Turnover for the three months ended in Mar. 2024 was 16.25.

New Hope Liuhe Co Receivables Turnover Historical Data

The historical data trend for New Hope Liuhe 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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New Hope Liuhe Co Receivables Turnover Chart

New Hope Liuhe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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113.95

124.84

130.14

119.87

110.91

New Hope Liuhe 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															21.07	18.37	18.64	20.98	16.25

Competitive Comparison of New Hope Liuhe Co's Receivables Turnover

For the Farm Products subindustry, New Hope Liuhe 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.

New Hope Liuhe Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, New Hope Liuhe Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where New Hope Liuhe Co's Receivables Turnover falls into.

New Hope Liuhe Co Receivables Turnover Calculation

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

New Hope Liuhe 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 )
=	141703.249	/ (	(1285.866	+	1269.319)	/	2 )
=	141703.249	/	1277.5925
=	110.91

New Hope Liuhe 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 )
=	23908.453	/ (	(1269.319	+	1673.016)	/	2 )
=	23908.453	/	1471.1675
=	16.25

New Hope Liuhe Co (SZSE:000876) 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.

New Hope Liuhe Co Receivables Turnover Related Terms

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New Hope Liuhe Co (SZSE:000876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Hope Liuhe Co Ltd (SZSE:000876) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Mianyang National High-Tech Industrial Development Area, Sichuan Province, Chengdu, CHN, 621006

Website

http://www.newhopeagri.com

New Hope Liuhe Co Ltd engaged in agriculture and animal husbandry products. The company focuses on the development of feed, breeding, meat products, and financial investment. It derives maximum revenue from China and also has a presence in Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, and Egypt.

Executives

Cai Man Li	Independent director
Wang Hang	Director
Duan Pei Lin	Supervisors
Dang Yue Wen	Executives
Liu Yong Hao	Director
Huang Dai Yun	Director
Cui Zhao Jiang	Executives
Ceng Yong	Directors, executives
Yan Hu	Director

New Hope Liuhe Co (SZSE:000876) Headlines

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