Dongfeng Motor Group Co (HKSE:00489) Receivables Turnover : 5.03 (As of Dec. 2023)

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What is Dongfeng Motor 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. Dongfeng Motor Group Co's Revenue for the six months ended in Dec. 2023 was HK$58,668 Mil. Dongfeng Motor Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$11,666 Mil. Hence, Dongfeng Motor Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 5.03.

Dongfeng Motor Group Co Receivables Turnover Historical Data

The historical data trend for Dongfeng Motor 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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Dongfeng Motor Group Co Receivables Turnover Chart

Dongfeng Motor Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.97

10.81

13.56

10.26

10.36

Dongfeng Motor Group Co 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															4.48	5.97	5.26	3.91	5.03

Competitive Comparison of Dongfeng Motor Group Co's Receivables Turnover

For the Auto Manufacturers subindustry, Dongfeng Motor 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.

Dongfeng Motor Group Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

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

Dongfeng Motor Group Co Receivables Turnover Calculation

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

Dongfeng Motor 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 )
=	108628.65	/ (	(11611.6	+	9357.278)	/	2 )
=	108628.65	/	10484.439
=	10.36

Dongfeng Motor Group Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	58668.112	/ (	(13974.14	+	9357.278)	/	2 )
=	58668.112	/	11665.709
=	5.03

Dongfeng Motor Group Co (HKSE:00489) 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.

Dongfeng Motor Group Co Receivables Turnover Related Terms

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Dongfeng Motor Group Co (HKSE:00489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dongfeng Motor Group Co Ltd (HKSE:00489) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DNFGY:USA DNFGF:USA D4D:Germany

Address

Special No. 1 Dongfeng Road, Wuhan Economic and Technology Development Zone, Hubei, Wuhan, CHN, 430056

Website

https://www.dfmg.com.cn

Dongfeng Motor Group Co Ltd is engaged in vehicle manufacturing, covering other complete business systems relating to automobiles such as R&D of automobiles, parts and equipment manufacturing, automobile finance, automobile sales, and travel business. The company's segments include commercial vehicles, passenger vehicles, financing services, and corporate and others. The majority of its revenue is generated from the Passenger vehicles segment.

Dongfeng Motor Group Co (HKSE:00489) Headlines

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