Zhejiang Leapmotor Technology Co (HKSE:09863) Receivables Turnover : 11.39 (As of Dec. 2023)

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What is Zhejiang Leapmotor Technology Co 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. Zhejiang Leapmotor Technology Co's Revenue for the six months ended in Dec. 2023 was HK$11,959 Mil. Zhejiang Leapmotor Technology Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,050 Mil. Hence, Zhejiang Leapmotor Technology Co's Receivables Turnover for the six months ended in Dec. 2023 was 11.39.

Zhejiang Leapmotor Technology Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Leapmotor Technology Co'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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Zhejiang Leapmotor Technology Co Receivables Turnover Chart

Zhejiang Leapmotor Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.41

6.83

6.63

9.74

12.69

Zhejiang Leapmotor Technology Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	6.22	4.33	4.27	11.39

Competitive Comparison of Zhejiang Leapmotor Technology Co's Receivables Turnover

For the Auto Manufacturers subindustry, Zhejiang Leapmotor Technology Co'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.

Zhejiang Leapmotor Technology Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Leapmotor Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Leapmotor Technology Co's Receivables Turnover falls into.

Zhejiang Leapmotor Technology Co Receivables Turnover Calculation

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

Zhejiang Leapmotor Technology Co'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 )
=	18317.175	/ (	(1881.338	+	1004.405)	/	2 )
=	18317.175	/	1442.8715
=	12.69

Zhejiang Leapmotor Technology Co'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 )
=	11958.892	/ (	(1094.762	+	1004.405)	/	2 )
=	11958.892	/	1049.5835
=	11.39

Zhejiang Leapmotor Technology Co (HKSE:09863) 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.

Zhejiang Leapmotor Technology Co Receivables Turnover Related Terms

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Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.leapmotor.com

Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.

Executives

Chen Ailing	2202 Interest of your spouse
Fu Liquan	2201 Interest of corporation controlled by you
Liu Yunzhen	2202 Interest of your spouse
Zhu Jiangming	2103 Interests held jointly with another person
Fu Yiqin	2201 Interest of corporation controlled by you
Guo Xin Zheng Quan Gu Fen You Xian Gong Si	2501 Other
Ning Bo Hua Ling Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Stellantis N.v.	2101 Beneficial owner
Chen Ailing	2103 Interests held jointly with another person
Fu Liquan	2103 Interests held jointly with another person
Liu Yunzhen	2202 Interest of your spouse
Zhu Jiangming	2103 Interests held jointly with another person
Fu Yiqin	2201 Interest of corporation controlled by you
Hang Zhou Guo Shun Ling Pao Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner

Zhejiang Leapmotor Technology Co (HKSE:09863) Headlines

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