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LC Logistics (HKSE:02490) Receivables Turnover : 10.26 (As of Dec. 2023)


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What is LC Logistics 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. LC Logistics's Revenue for the six months ended in Dec. 2023 was HK$1,355 Mil. LC Logistics's average Accounts Receivable for the six months ended in Dec. 2023 was HK$132 Mil. Hence, LC Logistics's Receivables Turnover for the six months ended in Dec. 2023 was 10.26.

LC Logistics Receivables Turnover Historical Data

The historical data trend for LC Logistics'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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LC Logistics Receivables Turnover Chart

LC Logistics Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
6.66 19.75 18.79 10.26

LC Logistics Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Receivables Turnover 6.66 19.75 18.79 10.26

Competitive Comparison of LC Logistics's Receivables Turnover

For the Integrated Freight & Logistics subindustry, LC Logistics'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.

LC Logistics's Receivables Turnover Distribution in the Transportation Industry

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

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


LC Logistics Receivables Turnover Calculation

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

LC Logistics'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 )
=1354.613 / ((166.547 + 97.631) / 2 )
=1354.613 / 132.089
=10.26

LC Logistics'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: Dec. 2022 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=1354.613 / ((166.547 + 97.631) / 2 )
=1354.613 / 132.089
=10.26

* 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.

LC Logistics  (HKSE:02490) 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.

LC Logistics Receivables Turnover Related Terms

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LC Logistics (HKSE:02490) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Receivables Turnover
Comparable Companies
HKSE:02130 HKSE:03399 HKSE:02482 HKSE:01442 HKSE:00500 HKSE:08310 HKSE:06123 HKSE:08047 HKSE:01292 HKSE:01732 UPS FDX XTER:DHL XSWX:KNIN OCSE:DSV SZSE:002352 ZTO JBHT EXPD HKSE:01519
Traded in Other Exchanges
N/A
Address
9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN
Website
http://www.burnasia.cn
LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.
Executives
Li Yan 2201 Interest of corporation controlled by you
Liu Quanxiang 2201 Interest of corporation controlled by you
Xu Xin 2201 Interest of corporation controlled by you
Grand Sailing Limited 2201 Interest of corporation controlled by you
Lecang Altitude Limited 2101 Beneficial owner
Glorious Sailing Limited 2101 Beneficial owner
Lecang Flourishing Limited 2101 Beneficial owner
Spring Wealth Limited 2201 Interest of corporation controlled by you
Lecang Shining Limited 2101 Beneficial owner
Peace Seaworld Limited 2201 Interest of corporation controlled by you

LC Logistics (HKSE:02490) Headlines

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