BEST (FRA:2991) Receivables Turnover : 2.30 (As of Dec. 2023)

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What is BEST 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. BEST's Revenue for the three months ended in Dec. 2023 was €287 Mil. BEST's average Accounts Receivable for the three months ended in Dec. 2023 was €125 Mil. Hence, BEST's Receivables Turnover for the three months ended in Dec. 2023 was 2.30.

BEST Receivables Turnover Historical Data

The historical data trend for BEST'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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BEST Receivables Turnover Chart

BEST Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.95

9.17

11.82

7.65

7.99

BEST Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.17	2.09	2.82	2.68	2.30

Competitive Comparison of BEST's Receivables Turnover

For the Trucking subindustry, BEST'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.

BEST's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, BEST's Receivables Turnover distribution charts can be found below:

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

BEST Receivables Turnover Calculation

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

BEST'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 )
=	1067.985	/ (	(128.725	+	138.476)	/	2 )
=	1067.985	/	133.6005
=	7.99

BEST's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	287.197	/ (	(111.692	+	138.476)	/	2 )
=	287.197	/	125.084
=	2.30

BEST (FRA:2991) 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.

BEST Receivables Turnover Related Terms

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BEST (FRA:2991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BEST Inc (FRA:2991) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BEST:USA

Address

No. 18 Tangmiao Road, 2nd Floor, Block A, Huaxing Modern Industry Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013

Website

https://ir.best-inc.com

BEST Inc is a supply chain company. It provides a New Retail platform that offers technology-enabled integrated solutions such as supply chain management, express delivery, freight, merchandise sourcing, cross-border supply chain, last-mile, financial and value-added services. The Group operates in the following operating segments, Supply chain management services, Freight, Global and Others. The Others category principally relates to cross-border logistic coordination services. The majority of revenue generated from Freight segment.

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