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Jiayou International Logistics Co (SHSE:603871) Receivables Turnover : 6.93 (As of Mar. 2024)


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What is Jiayou International Logistics 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. Jiayou International Logistics Co's Revenue for the three months ended in Mar. 2024 was ¥1,995 Mil. Jiayou International Logistics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥288 Mil. Hence, Jiayou International Logistics Co's Receivables Turnover for the three months ended in Mar. 2024 was 6.93.


Jiayou International Logistics Co Receivables Turnover Historical Data

The historical data trend for Jiayou International Logistics 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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Jiayou International Logistics Co Receivables Turnover Chart

Jiayou International Logistics 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 25.89 20.36 25.92 27.06 28.93

Jiayou International Logistics 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 5.79 3.83 8.63 7.05 6.93

Competitive Comparison of Jiayou International Logistics Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Jiayou International Logistics 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.


Jiayou International Logistics Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jiayou International Logistics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiayou International Logistics Co's Receivables Turnover falls into.



Jiayou International Logistics Co Receivables Turnover Calculation

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

Jiayou International Logistics 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 )
=6995.26 / ((192.999 + 290.573) / 2 )
=6995.26 / 241.786
=28.93

Jiayou International Logistics 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 )
=1995.093 / ((290.573 + 285.4) / 2 )
=1995.093 / 287.9865
=6.93

* 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.


Jiayou International Logistics Co  (SHSE:603871) 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.


Jiayou International Logistics Co Receivables Turnover Related Terms

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Jiayou International Logistics Co (SHSE:603871) Business Description

Traded in Other Exchanges
N/A
Address
No.26, Jintan North Street, Room 806, Block A, Henghua International Business Center, Xicheng District, Beijing, CHN, 100045
Jiayou International Logistics Co Ltd is a logistics company covering a network of countries including Asia, Europe and North America.
Executives
Bai Yu senior management
Tang Shi Lun Director
Meng Lian Director
Wu Zi Bin senior management
Han Jing Hua Director
Hou Run Ping Supervisors
Wang Ben Li Supervisors
Wang Yong Director

Jiayou International Logistics Co (SHSE:603871) Headlines

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