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Anbangve-Guard Group Co (SHSE:603373) Receivables Turnover : 1.43 (As of Mar. 2024)


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What is Anbangve-Guard 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. Anbangve-Guard Group Co's Revenue for the three months ended in Mar. 2024 was ¥601 Mil. Anbangve-Guard Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥419 Mil. Hence, Anbangve-Guard Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.43.


Anbangve-Guard Group Co Receivables Turnover Historical Data

The historical data trend for Anbangve-Guard 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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Anbangve-Guard Group Co Receivables Turnover Chart

Anbangve-Guard Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 20.20 18.66 18.96 10.61 9.21

Anbangve-Guard Group Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 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 2.45 1.33 1.33 1.92 1.43

Competitive Comparison of Anbangve-Guard Group Co's Receivables Turnover

For the Security & Protection Services subindustry, Anbangve-Guard 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.


Anbangve-Guard Group Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Anbangve-Guard Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anbangve-Guard Group Co's Receivables Turnover falls into.



Anbangve-Guard Group Co Receivables Turnover Calculation

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

Anbangve-Guard 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 )
=2484.897 / ((224.201 + 315.623) / 2 )
=2484.897 / 269.912
=9.21

Anbangve-Guard 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 )
=600.725 / ((315.623 + 521.986) / 2 )
=600.725 / 418.8045
=1.43

* 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.


Anbangve-Guard Group Co  (SHSE:603373) 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.


Anbangve-Guard Group Co Receivables Turnover Related Terms

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Anbangve-Guard Group Co (SHSE:603373) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 6 Fenghua Road, Zhuantang Street, Floor E8, Zhijiang Fortune Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310024
Anbang Save-Guard Group Co Ltd is engaged in providing financial security services, comprehensive security services and security emergency services.

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