China Wan Tong Yuan (Holdings) (HKSE:06966) Receivables Turnover : 47.96 (As of Dec. 2023)

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What is China Wan Tong Yuan (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. China Wan Tong Yuan (Holdings)'s Revenue for the six months ended in Dec. 2023 was HK$28.73 Mil. China Wan Tong Yuan (Holdings)'s average Accounts Receivable for the six months ended in Dec. 2023 was HK$0.60 Mil. Hence, China Wan Tong Yuan (Holdings)'s Receivables Turnover for the six months ended in Dec. 2023 was 47.96.

China Wan Tong Yuan (Holdings) Receivables Turnover Historical Data

The historical data trend for China Wan Tong Yuan (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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China Wan Tong Yuan (Holdings) Receivables Turnover Chart

China Wan Tong Yuan (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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69.49

93.36

China Wan Tong Yuan (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											-	-	33.34	45.64	47.96

Competitive Comparison of China Wan Tong Yuan (Holdings)'s Receivables Turnover

For the Personal Services subindustry, China Wan Tong Yuan (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.

China Wan Tong Yuan (Holdings)'s Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, China Wan Tong Yuan (Holdings)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Wan Tong Yuan (Holdings)'s Receivables Turnover falls into.

China Wan Tong Yuan (Holdings) Receivables Turnover Calculation

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

China Wan Tong Yuan (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 )
=	62.27	/ (	(0.735	+	0.599)	/	2 )
=	62.27	/	0.667
=	93.36

China Wan Tong Yuan (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 )
=	28.728	/ (	(0	+	0.599)	/	1 )
=	28.728	/	0.599
=	47.96

China Wan Tong Yuan (Holdings) (HKSE:06966) 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.

China Wan Tong Yuan (Holdings) Receivables Turnover Related Terms

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China Wan Tong Yuan (Holdings) (HKSE:06966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » China Wan Tong Yuan (Holdings) Ltd (HKSE:06966) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48, Louzhuang Road, Langfang Development Area, Hebei, Langfang, CHN

Website

http://www.chinawty.com

China Wan Tong Yuan (Holdings) Ltd is a burial services provider in Langfang, Hebei Province, China. It offers cemetery services under the brand Wan Tong Yuan and burial services, including traditional and artistic burial services. The group's businesses involve the Sales of burial plots; Sales of columbarium units; Provision of other burial-related services; and Provision of cemetery maintenance services. It derives key revenue from the sales of burial plots. The group operates in the PRC.

Executives

Tai Shing International Investment Company Limited	2101 Beneficial owner
Lily Charm Holding Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhao Ying	2307 Founder of a discretionary trust who can infl
Fairich Trading Limited	2101 Beneficial owner
Xing Junying	2101 Beneficial owner
Zhao Ying

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