China Modern Dairy Holdings (FRA:07M) Receivables Turnover : 4.53 (As of Jun. 2024)

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What is China Modern Dairy 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. China Modern Dairy Holdings's Revenue for the six months ended in Jun. 2024 was €822 Mil. China Modern Dairy Holdings's average Accounts Receivable for the six months ended in Jun. 2024 was €181 Mil. Hence, China Modern Dairy Holdings's Receivables Turnover for the six months ended in Jun. 2024 was 4.53.

China Modern Dairy Holdings Receivables Turnover Historical Data

The historical data trend for China Modern Dairy 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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China Modern Dairy Holdings Receivables Turnover Chart

China Modern Dairy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.92

10.17

8.76

9.09

8.23

China Modern Dairy Holdings 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															5.07	4.63	4.26	4.63	4.53

Competitive Comparison of China Modern Dairy Holdings's Receivables Turnover

For the Farm Products subindustry, China Modern Dairy 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.

China Modern Dairy Holdings's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Modern Dairy Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Modern Dairy Holdings's Receivables Turnover falls into.

China Modern Dairy Holdings Receivables Turnover Calculation

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

China Modern Dairy Holdings'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 )
=	1728.41	/ (	(221.138	+	198.95)	/	2 )
=	1728.41	/	210.044
=	8.23

China Modern Dairy Holdings'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 )
=	821.92	/ (	(198.95	+	163.829)	/	2 )
=	821.92	/	181.3895
=	4.53

China Modern Dairy Holdings (FRA:07M) 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.

China Modern Dairy Holdings Receivables Turnover Related Terms

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China Modern Dairy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Modern Dairy Holdings Ltd (FRA:07M) » Definitions » Receivables Turnover

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01117:Hong Kong

Address

Economic and Technological Development Zone, Danyang Town, Bowang District, Anhui Province, Maanshan City, CHN

Website

http://www.moderndairyir.com

China Modern Dairy Holdings Ltd operates in the Chinese food industry. Its primary business includes the production of milk and its revenue mainly depends on the sale of raw milk. The company produces and sells raw milk to customers for processing into dairy products and Liquid Milk products business which relates to its sale of liquid milk products. It also engaged in new business areas such as feed business, intelligent e-commerce platforms, and forage grass planting. Its segments are Raw milk business, Offline feed business, and Digital intelligence platform business. It generates the majority of its revenue from the Raw milk business that engages in raising and breeding dairy cows to produce and sell raw milk.

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