CN Logistics International Holdings (HKSE:02130) Receivables Turnover : 2.94 (As of Dec. 2023)

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What is CN Logistics International Holdings 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. CN Logistics International Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,087 Mil. CN Logistics International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$370 Mil. Hence, CN Logistics International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.94.

CN Logistics International Holdings Receivables Turnover Historical Data

The historical data trend for CN Logistics International Holdings'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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CN Logistics International Holdings Receivables Turnover Chart

CN Logistics International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.03

7.00

6.46

5.77

5.02

CN Logistics International Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial						3.83	2.69	2.48	2.44	2.94

Competitive Comparison of CN Logistics International Holdings's Receivables Turnover

For the Integrated Freight & Logistics subindustry, CN Logistics International Holdings'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.

CN Logistics International Holdings's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CN Logistics International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CN Logistics International Holdings's Receivables Turnover falls into.

CN Logistics International Holdings Receivables Turnover Calculation

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

CN Logistics International Holdings'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 )
=	2103.959	/ (	(464.945	+	373.198)	/	2 )
=	2103.959	/	419.0715
=	5.02

CN Logistics International Holdings'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1087.301	/ (	(366.963	+	373.198)	/	2 )
=	1087.301	/	370.0805
=	2.94

CN Logistics International Holdings (HKSE:02130) 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.

CN Logistics International Holdings Receivables Turnover Related Terms

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CN Logistics International Holdings (HKSE:02130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CN Logistics International Holdings Ltd (HKSE:02130) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

97-107 Wo Yi Hop Road, Unit B, 13th Floor, Park Sun Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.cnlogistics.com.hk

CN Logistics International Holdings Ltd is an international logistics solutions provider. Its core business is providing air freight forwarding services and distribution and logistics services in relation to fashion products and fine wine, majorly focusing on high-end fashion including luxury and affordable luxury products.

Executives

Cargo Services Group Limited	2201 Interest of corporation controlled by you
Cs Logistics Holdings Ltd.	2201 Interest of corporation controlled by you
Lau Shek Yau John	2201 Interest of corporation controlled by you
Bai Chang Tai You Xian Gong Si	2201 Interest of corporation controlled by you
Dp World Limited	2201 Interest of corporation controlled by you
Cargo Services Seafreight Limited	2101 Beneficial owner
Cargo Services (logistics) Limited	2101 Beneficial owner
Ngan Au Kei Yee
Ngan Tim Wing	2101 Beneficial owner
Chan Wing Luk	2101 Beneficial owner

CN Logistics International Holdings (HKSE:02130) Headlines

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