Lanzhou Huanghe Enterprise Co (SZSE:000929) Receivables Turnover : 25.52 (As of Mar. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Lanzhou Huanghe Enterprise 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. Lanzhou Huanghe Enterprise Co's Revenue for the three months ended in Mar. 2024 was ¥53.9 Mil. Lanzhou Huanghe Enterprise Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2.1 Mil. Hence, Lanzhou Huanghe Enterprise Co's Receivables Turnover for the three months ended in Mar. 2024 was 25.52.

Lanzhou Huanghe Enterprise Co Receivables Turnover Historical Data

The historical data trend for Lanzhou Huanghe Enterprise 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.

* Premium members only.

Lanzhou Huanghe Enterprise Co Receivables Turnover Chart

Lanzhou Huanghe Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

17.10

13.90

20.52

25.09

48.73

Lanzhou Huanghe Enterprise 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															9.00	9.51	21.30	20.73	25.52

Competitive Comparison of Lanzhou Huanghe Enterprise Co's Receivables Turnover

For the Beverages - Brewers subindustry, Lanzhou Huanghe Enterprise 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.

Lanzhou Huanghe Enterprise Co's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Lanzhou Huanghe Enterprise Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lanzhou Huanghe Enterprise Co's Receivables Turnover falls into.

Lanzhou Huanghe Enterprise Co Receivables Turnover Calculation

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

Lanzhou Huanghe Enterprise 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 )
=	241.244	/ (	(7.994	+	1.908)	/	2 )
=	241.244	/	4.951
=	48.73

Lanzhou Huanghe Enterprise 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 )
=	53.857	/ (	(1.908	+	2.313)	/	2 )
=	53.857	/	2.1105
=	25.52

Lanzhou Huanghe Enterprise Co (SZSE:000929) 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.

Lanzhou Huanghe Enterprise Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Lanzhou Huanghe Enterprise Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Lanzhou Huanghe Enterprise Co (SZSE:000929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Lanzhou Huanghe Enterprise Co Ltd (SZSE:000929) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 219 Qingyang Road, Jinyun Building, 22 Floor, Lanzhou, Gansu, CHN, 730030

Website

http://www.yellowriver.net.cn

Lanzhou Huanghe Enterprise Co Ltd is a China-based company mainly engaged in the production, processing, and sales of beer, beverage, barley, malt, and forage. It sells its products under the brand names of Huanghe and Qinghaihu. The company is also engaged in the packaging and printing business.

Executives

Yang Shi Wen	Director
Yang Ji Qiang	Director
Yang Shi Jiang	Director
Yang Shi Lian	Director
Bao Guo Xian	Director
Niu Dong Ji	Directors, executives
Bai Kun	Director, within half a year of separation

Lanzhou Huanghe Enterprise Co (SZSE:000929) Headlines

No Headlines