J&T Global Express (HKSE:01519) Receivables Turnover : 8.16 (As of Dec. 2023)

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What is J&T Global Express 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. J&T Global Express's Revenue for the six months ended in Dec. 2023 was HK$37,634 Mil. J&T Global Express's average Accounts Receivable for the six months ended in Dec. 2023 was HK$4,609 Mil. Hence, J&T Global Express's Receivables Turnover for the six months ended in Dec. 2023 was 8.16.

J&T Global Express Receivables Turnover Historical Data

The historical data trend for J&T Global Express'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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J&T Global Express Receivables Turnover Chart

J&T Global Express Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

8.49

18.86

17.11

16.57

J&T Global Express Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	10.22	7.52	7.11	8.16

Competitive Comparison of J&T Global Express's Receivables Turnover

For the Integrated Freight & Logistics subindustry, J&T Global Express'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.

J&T Global Express's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, J&T Global Express's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where J&T Global Express's Receivables Turnover falls into.

J&T Global Express Receivables Turnover Calculation

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

J&T Global Express'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 )
=	69110.88	/ (	(4001.337	+	4342.077)	/	2 )
=	69110.88	/	4171.707
=	16.57

J&T Global Express's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	37633.958	/ (	(4876.512	+	4342.077)	/	2 )
=	37633.958	/	4609.2945
=	8.16

J&T Global Express (HKSE:01519) 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.

J&T Global Express Receivables Turnover Related Terms

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J&T Global Express (HKSE:01519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » J&T Global Express Ltd (HKSE:01519) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

1777 Hualong Road, Room 1001, Block A, Tower 5, Huaxinzhen, Qingpu, Shanghai, CHN

Website

https://www.jtexpress.com

J&T Global Express Ltd is a global logistics service provider with the leading express delivery business in Southeast Asia. Its express delivery services span 13 countries, which include the largest and fastest-growing express delivery emerging markets globally. It provides express delivery services to leading e-commerce platforms, enabling the rapid development of its partners as they expand into new markets.

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