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UTour Group Co (SZSE:002707) Receivables Turnover : 3.39 (As of Mar. 2024)


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What is UTour Group 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. UTour Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,025 Mil. UTour Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥303 Mil. Hence, UTour Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.39.


UTour Group Co Receivables Turnover Historical Data

The historical data trend for UTour Group 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.

UTour Group Co Receivables Turnover Chart

UTour Group 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 19.96 3.71 4.19 3.98 14.99

UTour Group 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 1.39 4.87 6.76 4.72 3.39

Competitive Comparison of UTour Group Co's Receivables Turnover

For the Travel Services subindustry, UTour Group 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.


UTour Group Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, UTour Group Co's Receivables Turnover distribution charts can be found below:

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



UTour Group Co Receivables Turnover Calculation

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

UTour Group 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 )
=3298.487 / ((106.886 + 333.231) / 2 )
=3298.487 / 220.0585
=14.99

UTour Group 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 )
=1024.679 / ((333.231 + 271.876) / 2 )
=1024.679 / 302.5535
=3.39

* 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.


UTour Group Co  (SZSE:002707) 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.


UTour Group Co Receivables Turnover Related Terms

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UTour Group Co (SZSE:002707) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Chaoyang Park Road, West 2nd Gate, Chaoyang Park, Chaoyang District, Beijing, CHN, 100125
UTour Group Co Ltd is a Chinese company operating as a travel agency. It operates a professional travel service e-commerce website, provides tourists with team travel, hotel reservations, and membership services. The company is mainly engaged in outbound travel wholesale, outbound travel retail, integrated marketing services, long-distance outbound travels in various countries.
Executives
Feng Bin Directors, executives
Zhang Yi Man Directors, executives
Wang Chun Feng Executives
Guo Hong Bin Director
Wang Wei Wei Supervisors
Han Li Directors, executives
Cao Jian Directors, executives
Zhang Lei Executives
Zhao Rui Executives
Li Hong Xiu Supervisors
Du Zheng Tai Executives
Wang Feng Secretary Dong
Hu Ping Securities Affairs Representative
Lin Yan Directors, executives
He Jing Directors, executives

UTour Group Co (SZSE:002707) Headlines

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