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Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Receivables Turnover : 16.02 (As of Mar. 2024)


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What is Zhejiang Meorient Commerce & Exhibition 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. Zhejiang Meorient Commerce & Exhibition's Revenue for the three months ended in Mar. 2024 was ¥76.1 Mil. Zhejiang Meorient Commerce & Exhibition's average Accounts Receivable for the three months ended in Mar. 2024 was ¥4.8 Mil. Hence, Zhejiang Meorient Commerce & Exhibition's Receivables Turnover for the three months ended in Mar. 2024 was 16.02.


Zhejiang Meorient Commerce & Exhibition Receivables Turnover Historical Data

The historical data trend for Zhejiang Meorient Commerce & Exhibition'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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Zhejiang Meorient Commerce & Exhibition Receivables Turnover Chart

Zhejiang Meorient Commerce & Exhibition 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 506.57 73.51 96.72 154.63 225.70

Zhejiang Meorient Commerce & Exhibition 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 31.94 64.79 18.95 65.14 16.02

Competitive Comparison of Zhejiang Meorient Commerce & Exhibition's Receivables Turnover

For the Specialty Business Services subindustry, Zhejiang Meorient Commerce & Exhibition'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.


Zhejiang Meorient Commerce & Exhibition's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Meorient Commerce & Exhibition's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Meorient Commerce & Exhibition's Receivables Turnover falls into.



Zhejiang Meorient Commerce & Exhibition Receivables Turnover Calculation

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

Zhejiang Meorient Commerce & Exhibition'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 )
=834.971 / ((1.914 + 5.485) / 2 )
=834.971 / 3.6995
=225.70

Zhejiang Meorient Commerce & Exhibition'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 )
=76.131 / ((5.485 + 4.019) / 2 )
=76.131 / 4.752
=16.02

* 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.


Zhejiang Meorient Commerce & Exhibition  (SZSE:300795) 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.


Zhejiang Meorient Commerce & Exhibition Receivables Turnover Related Terms

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Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Business Description

Traded in Other Exchanges
N/A
Address
No. 666, Baiyang Street, Room 912, Building 3, No. 452, Economic and Technological Development Zone, Zhejiang, Hangzhou, CHN, 310018
Zhejiang Meorient Commerce & Exhibition Inc is a conference and exhibition service provider.
Executives
Pan Jian Jun Director
Yao Zong Xian Directors, Directors, and Executives
Fang Huan Sheng Directors, executives
Liu Feng Yi Executives
Zhang Min Qing Supervisors
He Wen Xi Supervisors
Zheng Wei Executives
Cheng Yi Jun Executives

Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Headlines

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