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COFCO Capital Holdings Co (SZSE:002423) Receivables Turnover : 13.54 (As of Mar. 2024)


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What is COFCO Capital 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. COFCO Capital Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥6,360 Mil. COFCO Capital Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥470 Mil. Hence, COFCO Capital Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 13.54.


COFCO Capital Holdings Co Receivables Turnover Historical Data

The historical data trend for COFCO Capital 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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COFCO Capital Holdings Co Receivables Turnover Chart

COFCO Capital 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 204.32 158.48 124.19 76.33 72.78

COFCO Capital 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 16.64 12.55 7.20 7.89 13.54

Competitive Comparison of COFCO Capital Holdings Co's Receivables Turnover

For the Insurance - Life subindustry, COFCO Capital 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.


COFCO Capital Holdings Co's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, COFCO Capital Holdings Co's Receivables Turnover distribution charts can be found below:

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



COFCO Capital Holdings Co Receivables Turnover Calculation

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

COFCO Capital 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 )
=22282.452 / ((277.132 + 335.183) / 2 )
=22282.452 / 306.1575
=72.78

COFCO Capital 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 )
=6360.211 / ((335.183 + 604.369) / 2 )
=6360.211 / 469.776
=13.54

* 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.


COFCO Capital Holdings Co  (SZSE:002423) 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.


COFCO Capital Holdings Co Receivables Turnover Related Terms

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COFCO Capital Holdings Co (SZSE:002423) Business Description

Traded in Other Exchanges
N/A
Address
1105, 11th floor, COFCO Fulinmen Building, Chaoyang District, Beijing, CHN, 100020
COFCO Capital Holdings Co Ltd is a provider of financial services. The company's services include trust, insurance, futures, banking and other financial services. It provides investment and asset management; corporate management; investment planning and consulting services.
Executives
Wang Jin Tao Supervisors
Jiang Gen Bao Secretary, Director
Xu Bin Director
Jia Li Shan Director

COFCO Capital Holdings Co (SZSE:002423) Headlines

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