Lancy Co (SZSE:002612) Receivables Turnover : 6.62 (As of Mar. 2024)

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What is Lancy 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. Lancy Co's Revenue for the three months ended in Mar. 2024 was ¥1,400 Mil. Lancy Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥212 Mil. Hence, Lancy Co's Receivables Turnover for the three months ended in Mar. 2024 was 6.62.

Lancy Co Receivables Turnover Historical Data

The historical data trend for Lancy 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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Lancy Co Receivables Turnover Chart

Lancy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.02

8.45

13.98

18.52

25.27

Lancy 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															6.50	5.47	5.96	5.96	6.62

Competitive Comparison of Lancy Co's Receivables Turnover

For the Apparel Manufacturing subindustry, Lancy 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.

Lancy Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lancy Co's Receivables Turnover distribution charts can be found below:

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

Lancy Co Receivables Turnover Calculation

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

Lancy 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 )
=	5145.464	/ (	(191.937	+	215.281)	/	2 )
=	5145.464	/	203.609
=	25.27

Lancy 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 )
=	1399.925	/ (	(215.281	+	207.904)	/	2 )
=	1399.925	/	211.5925
=	6.62

Lancy Co (SZSE:002612) 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.

Lancy Co Receivables Turnover Related Terms

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Lancy Co (SZSE:002612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lancy Co Ltd (SZSE:002612) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Da Jiaoting South Street, No.27 West Dawang Road, 8th Floor, Lancy Building, No.1, 3rd Yard, Chaoyang District, Beijing, CHN, 100022

Website

http://www.lancygroup.com

Lancy Co Ltd. is a China-based company operating in the fashion industry. It is principally engaged in the design, manufacture and distribution of women's apparel. It also offers infants' and kids' wear, medical cosmetology and cosmetics. Some of the company's brands are LANCY FROM25, MOJO.S.PHINE, LIME FLARE, JIGOTT, liaalancy, FABIANA, FILIPPI and DeWL.

Executives

Li Chun Xian	Directors, executives
Shen Dong Ri	Director
Shen Jin Hua	Directors, executives
Zhang Han	Directors, executives
Chang Jing	Executives

Lancy Co (SZSE:002612) Headlines

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