Shanghai Zhonggu Logistics Co (SHSE:603565) Receivables Turnover : 5.02 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Shanghai Zhonggu Logistics 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. Shanghai Zhonggu Logistics Co's Revenue for the three months ended in Mar. 2024 was ¥2,785 Mil. Shanghai Zhonggu Logistics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥554 Mil. Hence, Shanghai Zhonggu Logistics Co's Receivables Turnover for the three months ended in Mar. 2024 was 5.02.

Shanghai Zhonggu Logistics Co Receivables Turnover Historical Data

The historical data trend for Shanghai Zhonggu Logistics 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.

Shanghai Zhonggu Logistics Co Receivables Turnover Chart

Shanghai Zhonggu Logistics Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

23.22

23.08

25.45

25.91

22.59

Shanghai Zhonggu Logistics Co Quarterly Data
	Dec18	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															4.45	4.65	5.72	6.02	5.02

Competitive Comparison of Shanghai Zhonggu Logistics Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Shanghai Zhonggu Logistics 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.

Shanghai Zhonggu Logistics Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Zhonggu Logistics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Zhonggu Logistics Co's Receivables Turnover falls into.

Shanghai Zhonggu Logistics Co Receivables Turnover Calculation

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

Shanghai Zhonggu Logistics 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 )
=	12438.791	/ (	(591.905	+	509.399)	/	2 )
=	12438.791	/	550.652
=	22.59

Shanghai Zhonggu Logistics 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 )
=	2785.277	/ (	(509.399	+	599.184)	/	2 )
=	2785.277	/	554.2915
=	5.02

Shanghai Zhonggu Logistics Co (SHSE:603565) 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.

Shanghai Zhonggu Logistics Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Shanghai Zhonggu Logistics Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Zhonggu Logistics Co (SHSE:603565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Zhonggu Logistics Co Ltd (SHSE:603565) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3261, Dongfang Road, 15th Floor, Block B, Building 1, Pudong New Area, Shanghai, CHN, 200125

Website

http://www.zhonggu56.com

Shanghai Zhonggu Logistics Co Ltd is engaged in providing customers with customized and cost-effective door-to-door full container logistics solutions. The company has SQ boxes, coal boxes, special boxes, freezer boxes and other types of boxes, and more than 10,000 types of transport products. In addition to water transportation, the company integrates railways, highways and other resources. It provides a full range of multimodal transportation services such as sea-land transportation, river-sea transportation, water-water transfer, sea-rail transportation and cold chain transportation services.

Shanghai Zhonggu Logistics Co (SHSE:603565) Headlines

No Headlines