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Zhejiang Publishing & Media Co (SHSE:601921) Receivables Turnover : 2.51 (As of Mar. 2024)


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What is Zhejiang Publishing & Media 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 Publishing & Media Co's Revenue for the three months ended in Mar. 2024 was ¥2,703 Mil. Zhejiang Publishing & Media Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,076 Mil. Hence, Zhejiang Publishing & Media Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.51.


Zhejiang Publishing & Media Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Publishing & Media 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 Publishing & Media Co Receivables Turnover Chart

Zhejiang Publishing & Media Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 14.22 12.71 14.29 11.93 11.69

Zhejiang Publishing & Media Co Quarterly Data
Dec17 Dec18 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 2.16 2.37 2.54 4.67 2.51

Competitive Comparison of Zhejiang Publishing & Media Co's Receivables Turnover

For the Publishing subindustry, Zhejiang Publishing & Media 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 Publishing & Media Co's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Zhejiang Publishing & Media Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Publishing & Media Co's Receivables Turnover falls into.



Zhejiang Publishing & Media Co Receivables Turnover Calculation

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

Zhejiang Publishing & Media 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 )
=11674.498 / ((1110.619 + 886.065) / 2 )
=11674.498 / 998.342
=11.69

Zhejiang Publishing & Media 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 )
=2703.33 / ((886.065 + 1266.322) / 2 )
=2703.33 / 1076.1935
=2.51

* 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.


Zhejiang Publishing & Media Co  (SHSE:601921) 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 Publishing & Media Co Receivables Turnover Related Terms

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Zhejiang Publishing & Media Co (SHSE:601921) Business Description

Traded in Other Exchanges
N/A
Address
No. 347 Tiyuchang Road, 18th Floor, Xiacheng District, Zhejiang Province, Hangzhou, CHN, 310013
Zhejiang Publishing & Media Co Ltd is engaged in the publication, distribution and printing of books, periodicals, audio-visual products and electronic publications.

Zhejiang Publishing & Media Co (SHSE:601921) Headlines

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