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Chuanglian Holdings (Chuanglian Holdings) Receivables Turnover : 9.85 (As of Jun. 2023)


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What is Chuanglian Holdings 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. Chuanglian Holdings's Revenue for the six months ended in Jun. 2023 was $27.45 Mil. Chuanglian Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was $2.79 Mil. Hence, Chuanglian Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 9.85.


Chuanglian Holdings Receivables Turnover Historical Data

The historical data trend for Chuanglian Holdings'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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Chuanglian Holdings Receivables Turnover Chart

Chuanglian Holdings 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 42.84 46.49 52.73 29.28 8.22

Chuanglian Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 30.23 18.55 13.20 9.85 4.78

Competitive Comparison of Chuanglian Holdings's Receivables Turnover

For the Education & Training Services subindustry, Chuanglian Holdings'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.


Chuanglian Holdings's Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Chuanglian Holdings's Receivables Turnover falls into.



Chuanglian Holdings Receivables Turnover Calculation

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

Chuanglian Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=46.706 / ((0.892 + 2.298) / 2 )
=46.706 / 1.595
=29.28

Chuanglian Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=27.445 / ((2.298 + 3.277) / 2 )
=27.445 / 2.7875
=9.85

* 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.


Chuanglian Holdings  (OTCPK:COCGF) 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.


Chuanglian Holdings Receivables Turnover Related Terms

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Chuanglian Holdings (Chuanglian Holdings) Business Description

Traded in Other Exchanges
Address
6-8 Harbour Road, Rooms 2009-18, 20th floor, Shui On Centre, Wanchai, Hong Kong, HKG
Chuanglian Holdings Ltd, formerly China Chuanglian Education Financial Group Ltd engages in investment holding and securities trading. The operating segments of the company are Financial Services, Educational consultancy and online training and education, and Securities trading. It generates maximum revenue from Educational consultancy and online training and education segment. The company has its business presence in China and Hong Kong where China stands as the highest revenue generator.

Chuanglian Holdings (Chuanglian Holdings) Headlines

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