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Inner Mongolia Yili Industrial Group Co (SHSE:600887) Receivables Turnover : 10.64 (As of Mar. 2024)


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What is Inner Mongolia Yili Industrial Group 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. Inner Mongolia Yili Industrial Group Co's Revenue for the three months ended in Mar. 2024 was ¥32,577 Mil. Inner Mongolia Yili Industrial Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,060 Mil. Hence, Inner Mongolia Yili Industrial Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 10.64.


Inner Mongolia Yili Industrial Group Co Receivables Turnover Historical Data

The historical data trend for Inner Mongolia Yili Industrial Group 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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Inner Mongolia Yili Industrial Group Co Receivables Turnover Chart

Inner Mongolia Yili Industrial Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.43 59.96 61.87 48.81 40.88

Inner Mongolia Yili Industrial Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.24 11.23 10.43 9.44 10.64

Competitive Comparison of Inner Mongolia Yili Industrial Group Co's Receivables Turnover

For the Packaged Foods subindustry, Inner Mongolia Yili Industrial Group 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.


Inner Mongolia Yili Industrial Group Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Inner Mongolia Yili Industrial Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Yili Industrial Group Co's Receivables Turnover falls into.



Inner Mongolia Yili Industrial Group Co Receivables Turnover Calculation

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

Inner Mongolia Yili Industrial Group 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 )
=126179.459 / ((3088.345 + 3084.668) / 2 )
=126179.459 / 3086.5065
=40.88

Inner Mongolia Yili Industrial Group Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=32577.279 / ((3084.668 + 3036.157) / 2 )
=32577.279 / 3060.4125
=10.64

* 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.


Inner Mongolia Yili Industrial Group Co  (SHSE:600887) 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.


Inner Mongolia Yili Industrial Group Co Receivables Turnover Related Terms

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Inner Mongolia Yili Industrial Group Co (SHSE:600887) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Jinshan Street, Jinshan Development Zone, Huhehaote, Inner Mongolia, CHN, 010110
Inner Mongolia Yili Industrial Group is the largest dairy products producer in China, with the majority of revenue (70%) coming from the liquid milk segment. The company also manufactures ice cream, milk powder and beverages. Some flagship lineups include Satine, Yili Pure Milk, Ambrosial and Changqing. The company also expands its overseas presence through setting up R&D centers and acquiring foreign dairy brands such as Westland in New Zealand and Chomthana in Thailand.

Inner Mongolia Yili Industrial Group Co (SHSE:600887) Headlines

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