Ningbo Peacebird Fashion Co (SHSE:603877) Receivables Turnover : 3.94 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Ningbo Peacebird Fashion 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. Ningbo Peacebird Fashion Co's Revenue for the three months ended in Mar. 2024 was ¥1,806 Mil. Ningbo Peacebird Fashion Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥458 Mil. Hence, Ningbo Peacebird Fashion Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.94.

Ningbo Peacebird Fashion Co Receivables Turnover Historical Data

The historical data trend for Ningbo Peacebird Fashion 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.

* Premium members only.

Ningbo Peacebird Fashion Co Receivables Turnover Chart

Ningbo Peacebird Fashion Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

13.03

13.36

15.49

14.81

15.34

Ningbo Peacebird Fashion 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															4.40	4.30	3.72	4.85	3.94

Competitive Comparison of Ningbo Peacebird Fashion Co's Receivables Turnover

For the Apparel Retail subindustry, Ningbo Peacebird Fashion 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.

Ningbo Peacebird Fashion Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ningbo Peacebird Fashion Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ningbo Peacebird Fashion Co's Receivables Turnover falls into.

Ningbo Peacebird Fashion Co Receivables Turnover Calculation

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

Ningbo Peacebird Fashion 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 )
=	7792.124	/ (	(529.617	+	486.079)	/	2 )
=	7792.124	/	507.848
=	15.34

Ningbo Peacebird Fashion 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 )
=	1805.673	/ (	(486.079	+	430.291)	/	2 )
=	1805.673	/	458.185
=	3.94

Ningbo Peacebird Fashion Co (SHSE:603877) 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.

Ningbo Peacebird Fashion Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Ningbo Peacebird Fashion Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningbo Peacebird Fashion Co (SHSE:603877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ningbo Peacebird Fashion Co Ltd (SHSE:603877) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 826, South Section of Huancheng West Road, Haishu, Ningbo, Zhejiang, Ningbo, CHN, 315011

Website

http://www.peacebird.com

Ningbo Peacebird Fashion Co Ltd is a retail-oriented multi-brand fashion company. It focuses on providing customers with fashion products of high quality at the competitive price. The main products of the company include women's, men's and children's clothing, and the main brand contains PEACEBIRD, PEACEBIRD, LED'IN, MATERIAL GIRL, AMAZING PEACE, Mini Peace, and among others. It holds more than 4000 stores across 31 provinces, autonomous regions, and municipalities. Geographically, it operates through China, however, its products are distributed in both Chinese and international market.

Executives

Wang Qing Lin	senior management
Wang Ming Feng	Directors, senior managers
Hong Yang Wei	senior management
Weng Jiang Hong	Directors, senior managers
Ou Li Min	senior management
Dai Zhi Yong	Director
Rong Yi Qin	Supervisors
Chen Hong Chao	Director
Zhang Jiang Ping	Director
Zhang Jiang Bo	Director
Shi Chao Qi	senior management
Zhang Ting	senior management
Shen Ya Xin	senior management
Lou Jia Zi	senior management

Ningbo Peacebird Fashion Co (SHSE:603877) Headlines

No Headlines