NIO (HKSE:09866) Receivables Turnover : 3.45 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is NIO 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. NIO's Revenue for the three months ended in Dec. 2023 was HK$18,707 Mil. NIO's average Accounts Receivable for the three months ended in Dec. 2023 was HK$5,429 Mil. Hence, NIO's Receivables Turnover for the three months ended in Dec. 2023 was 3.45.

NIO Receivables Turnover Historical Data

The historical data trend for NIO'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.

* Premium members only.

NIO Receivables Turnover Chart

NIO Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

7.37

13.59

18.60

12.04

11.26

NIO 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															3.38	2.04	1.54	3.42	3.45

Competitive Comparison of NIO's Receivables Turnover

For the Auto Manufacturers subindustry, NIO'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.

NIO's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

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

NIO Receivables Turnover Calculation

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

NIO'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 )
=	60833.721	/ (	(5715.536	+	5094.441)	/	2 )
=	60833.721	/	5404.9885
=	11.26

NIO'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 )
=	18707.093	/ (	(5762.986	+	5094.441)	/	2 )
=	18707.093	/	5428.7135
=	3.45

NIO (HKSE:09866) 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.

NIO Receivables Turnover Related Terms

Thank you for viewing the detailed overview of NIO's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

NIO (HKSE:09866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NIO Inc (HKSE:09866) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NIOIF:USA NIO:USA NIO:Singapore NIO:Mexico N3I:Germany N3I:Germany N3IA:Germany N3IA:Germany

Address

No. 56 AnTuo Road, Building 20, Anting Town, Jiading District, Shanghai, CHN, 201804

Website

https://www.nio.com

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.

NIO (HKSE:09866) Headlines

No Headlines