COL Group Co (SZSE:300364) Receivables Turnover : 1.61 (As of Mar. 2024)

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What is COL 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. COL Group Co's Revenue for the three months ended in Mar. 2024 was ¥223 Mil. COL Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥138 Mil. Hence, COL Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.61.

COL Group Co Receivables Turnover Historical Data

The historical data trend for COL 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.

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COL Group Co Receivables Turnover Chart

COL Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.74

6.17

8.38

10.86

11.51

COL 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															2.78	4.21	4.74	3.46	1.61

Competitive Comparison of COL Group Co's Receivables Turnover

For the Education & Training Services subindustry, COL 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.

COL Group Co's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, COL Group Co's Receivables Turnover distribution charts can be found below:

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

COL Group Co Receivables Turnover Calculation

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

COL 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 )
=	1408.857	/ (	(105.528	+	139.377)	/	2 )
=	1408.857	/	122.4525
=	11.51

COL 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 )
=	222.669	/ (	(139.377	+	137.165)	/	2 )
=	222.669	/	138.271
=	1.61

COL Group Co (SZSE:300364) 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.

COL Group Co Receivables Turnover Related Terms

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COL Group Co (SZSE:300364) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » COL Group Co Ltd (SZSE:300364) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 Andingmen East Street, No. 608, 6th Floor, Building 2, Dongcheng District, Beijing, CHN, 100007

Website

https://www.en.col.com

COL Group Co Ltd is a digital content provider in China. It has presented two development strategies Literature+ and Education+. The company has over 70 million users of its own and over 600 million cooperation users. Its one of the project includes Digital Library in Primary and Secondary Schools which covers more than 50000 primary and secondary schools and around 2000 colleges and university.

Executives

Xie Guang Cai	Directors, executives
Zhang Fan	Director
Wang Jing Jing	Secretary Dong
Yang Rui Zhi	Executives
Zhang Wei Li	Executives
Tong Zhi Lei	Directors, executives
Chen Fang	Supervisors
Song Jie	Executives
Cui Wei	Executives
Lu Feng	Executives
Qu Yuan Jian	Securities Affairs Representative

COL Group Co (SZSE:300364) Headlines

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