DDC Enterprise (DDC Enterprise) Receivables Turnover : 3.33 (As of Sep. 2023)

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What is DDC Enterprise 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. DDC Enterprise's Revenue for the three months ended in Sep. 2023 was $10.65 Mil. DDC Enterprise's average Accounts Receivable for the three months ended in Sep. 2023 was $3.20 Mil. Hence, DDC Enterprise's Receivables Turnover for the three months ended in Sep. 2023 was 3.33.

DDC Enterprise Receivables Turnover Historical Data

The historical data trend for DDC Enterprise'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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DDC Enterprise Receivables Turnover Chart

DDC Enterprise Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

16.10

18.82

9.08

DDC Enterprise Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial				-	1.73	1.82	2.10	3.33

Competitive Comparison of DDC Enterprise's Receivables Turnover

For the Packaged Foods subindustry, DDC Enterprise'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.

DDC Enterprise's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DDC Enterprise's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where DDC Enterprise's Receivables Turnover falls into.

DDC Enterprise Receivables Turnover Calculation

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

DDC Enterprise's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	25.759	/ (	(1.816	+	3.859)	/	2 )
=	25.759	/	2.8375
=	9.08

DDC Enterprise's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	10.645	/ (	(3.2	+	0)	/	1 )
=	10.645	/	3.2
=	3.33

DDC Enterprise (AMEX:DDC) 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.

DDC Enterprise Receivables Turnover Related Terms

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DDC Enterprise (DDC Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DDC Enterprise Ltd (AMEX:DDC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

233 Hollywood Road, Room 1601-1602, 16th Floor, Hollywood Centre, Sheung Wan, HKG

Website

https://www.daydaycook.com.cn

DDC Enterprise Ltd is a content driven consumer brand offering easy, convenient ready-to-heat , ready-to-cook and plant-based meal products i.e. meal products consisting largely or solely of vegetables, fruits, grains and other foods derived from plant-based protein, rather than animal protein) while promoting healthier lifestyle choices to Millennial and Generation Z customer-base. It is also engaged in the provision of advertising services and the operation of experience stores to offer cooking classes.