China Agri-Products Exchange (HKSE:00149) Receivables Turnover : 115.16 (As of Mar. 2024)

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What is China Agri-Products Exchange 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 Agri-Products Exchange's Revenue for the six months ended in Mar. 2024 was HK$254.4 Mil. China Agri-Products Exchange's average Accounts Receivable for the six months ended in Mar. 2024 was HK$2.2 Mil. Hence, China Agri-Products Exchange's Receivables Turnover for the six months ended in Mar. 2024 was 115.16.

China Agri-Products Exchange Receivables Turnover Historical Data

The historical data trend for China Agri-Products Exchange'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 Agri-Products Exchange Receivables Turnover Chart

China Agri-Products Exchange Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.05

5.00

149.08

309.66

288.20

China Agri-Products Exchange Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															166.02	139.22	150.04	115.16	164.86

Competitive Comparison of China Agri-Products Exchange's Receivables Turnover

For the Real Estate - Diversified subindustry, China Agri-Products Exchange'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 Agri-Products Exchange's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Agri-Products Exchange's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Agri-Products Exchange's Receivables Turnover falls into.

China Agri-Products Exchange Receivables Turnover Calculation

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

China Agri-Products Exchange's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	579.132	/ (	(1.964	+	2.055)	/	2 )
=	579.132	/	2.0095
=	288.20

China Agri-Products Exchange'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	254.439	/ (	(2.364	+	2.055)	/	2 )
=	254.439	/	2.2095
=	115.16

China Agri-Products Exchange (HKSE:00149) 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 Agri-Products Exchange Receivables Turnover Related Terms

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China Agri-Products Exchange Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Agri-Products Exchange Ltd (HKSE:00149) » Definitions » Receivables Turnover

Traded in Other Exchanges

RHGN:Germany

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.cnagri-products.com

China Agri-Products Exchange Ltd is an investment holding company. The company operates through two segments namely Agricultural produce exchange market operation; and Property sales. The majority of its revenue is derived from the Agricultural produce exchange market operation segment. Geographically, it derives revenue from China.

Executives

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