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Dongguan Development (Holdings) Co (SZSE:000828) Receivables Turnover : 8.02 (As of Mar. 2024)


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What is Dongguan Development (Holdings) 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. Dongguan Development (Holdings) Co's Revenue for the three months ended in Mar. 2024 was ¥426 Mil. Dongguan Development (Holdings) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥53 Mil. Hence, Dongguan Development (Holdings) Co's Receivables Turnover for the three months ended in Mar. 2024 was 8.02.


Dongguan Development (Holdings) Co Receivables Turnover Historical Data

The historical data trend for Dongguan Development (Holdings) 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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Dongguan Development (Holdings) Co Receivables Turnover Chart

Dongguan Development (Holdings) 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 53.96 30.84 137.40 55.46 57.82

Dongguan Development (Holdings) 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 7.48 25.67 22.89 22.04 8.02

Competitive Comparison of Dongguan Development (Holdings) Co's Receivables Turnover

For the Infrastructure Operations subindustry, Dongguan Development (Holdings) 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.


Dongguan Development (Holdings) Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dongguan Development (Holdings) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dongguan Development (Holdings) Co's Receivables Turnover falls into.



Dongguan Development (Holdings) Co Receivables Turnover Calculation

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

Dongguan Development (Holdings) 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 )
=4757.699 / ((113.88 + 50.697) / 2 )
=4757.699 / 82.2885
=57.82

Dongguan Development (Holdings) 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 )
=426.476 / ((50.697 + 55.63) / 2 )
=426.476 / 53.1635
=8.02

* 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.


Dongguan Development (Holdings) Co  (SZSE:000828) 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.


Dongguan Development (Holdings) Co Receivables Turnover Related Terms

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Dongguan Development (Holdings) Co (SZSE:000828) Business Description

Traded in Other Exchanges
N/A
Address
No. 55 Guanzhang Road, Dongcheng District, Dongguan, Guangdong, CHN, 523110
Dongguan Development (Holdings) Co Ltd operates as a highway operator in China.
Executives
Wang Qing Ming Directors, executives
Huang Yong Executives
Yin Zhi Peng Supervisors
Guo Xu Dong Supervisors
Yin Jin Rong Director
Zhao Hong Jian Executives
Lin Bo Director
Liu Qi Lan Supervisors

Dongguan Development (Holdings) Co (SZSE:000828) Headlines

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