BCCMY (BAIC Motor) Receivables Turnover : 6.11 (As of Jun. 2024)

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What is BAIC Motor 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. BAIC Motor's Revenue for the six months ended in Jun. 2024 was $13,002 Mil. BAIC Motor's average Accounts Receivable for the six months ended in Jun. 2024 was $2,129 Mil. Hence, BAIC Motor's Receivables Turnover for the six months ended in Jun. 2024 was 6.11.

BAIC Motor Receivables Turnover Historical Data

The historical data trend for BAIC Motor'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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BAIC Motor Receivables Turnover Chart

BAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.51

10.11

10.69

11.80

12.94

BAIC Motor Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															4.94	6.55	6.64	6.59	6.11

Competitive Comparison of BAIC Motor's Receivables Turnover

For the Auto Manufacturers subindustry, BAIC Motor'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.

BAIC Motor's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BAIC Motor's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BAIC Motor's Receivables Turnover falls into.

BAIC Motor Receivables Turnover Calculation

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

BAIC Motor'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 )
=	27723.198	/ (	(2124.619	+	2161.873)	/	2 )
=	27723.198	/	2143.246
=	12.94

BAIC Motor's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	13001.543	/ (	(2161.873	+	2096.681)	/	2 )
=	13001.543	/	2129.277
=	6.11

BAIC Motor (OTCPK:BCCMY) 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.

BAIC Motor Receivables Turnover Related Terms

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BAIC Motor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BAIC Motor Corp Ltd (OTCPK:BCCMY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BMCLF:USA 01958:Hong Kong 2B5:Germany

Address

No. 99 Shuanghe Street, A5-061, Unit 101, 5th Floor, Building No 1, Courtyard, Shunyi District, Beijing, CHN, 101300

Website

http://www.baicmotor.com

BAIC Motor Corp Ltd is a provincial state-owned enterprise that manufactures passenger vehicles (PV) and automotive components. The majority of BAIC's revenue and operating profits come from joint ventures with Mercedes Benz and Hyundai. The firm also manufactures and sells its own vehicles under the Beijing Brand. The company has two reportable segments which are Oil-powered vehicles it involves manufacturing and sales of passenger vehicles of fuel, and providing other businesses and related services and New energy vehicles that also includes manufacturing and sales of passenger vehicles of new energy, and providing other business and related services.

BAIC Motor Headlines

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