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Suning.com Co (SZSE:002024) Receivables Turnover : 5.08 (As of Mar. 2024)


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What is Suning.com 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. Suning.com Co's Revenue for the three months ended in Mar. 2024 was ¥12,580 Mil. Suning.com Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,478 Mil. Hence, Suning.com Co's Receivables Turnover for the three months ended in Mar. 2024 was 5.08.


Suning.com Co Receivables Turnover Historical Data

The historical data trend for Suning.com 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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Suning.com Co Receivables Turnover Chart

Suning.com 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 42.70 33.89 21.11 16.33 21.76

Suning.com 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 4.65 5.29 4.16 4.51 5.08

Competitive Comparison of Suning.com Co's Receivables Turnover

For the Specialty Retail subindustry, Suning.com 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.


Suning.com Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Suning.com Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Suning.com Co's Receivables Turnover falls into.



Suning.com Co Receivables Turnover Calculation

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

Suning.com 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 )
=62627.455 / ((3273.924 + 2482.569) / 2 )
=62627.455 / 2878.2465
=21.76

Suning.com 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 )
=12579.798 / ((2482.569 + 2473.201) / 2 )
=12579.798 / 2477.885
=5.08

* 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.


Suning.com Co  (SZSE:002024) 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.


Suning.com Co Receivables Turnover Related Terms

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Suning.com Co (SZSE:002024) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Shanxi Road, 1-5th floor, Jinshan Building, Jiangsu Province, Nanjing, CHN, 210042
Suning.com Co Ltd, formerly Suning Commerce Group Co Ltd, is a retail shop offering electronic appliances such as air-conditioners, refrigerators, washing machines, color TVs, audio-video products, small home appliances, communication products, computers and digital products.
Executives
Li Jian Ying Supervisors
Zhang Jin Dong Director
Yao Kai Executives
Huang Wei Directors, executives
Meng Xiang Sheng Directors, executives
Gu Wei Executives
Hou En Long Executives
Ren Jun Director
Tian Rui Executives
Gong Zhen Yu Executives
Wang Quan Sheng Independent director
Sun Wei Min Director
Jin Ming Directors, executives
Zhu Hua Executives

Suning.com Co (SZSE:002024) Headlines

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