Zhong Ji Longevity Science Group (HKSE:00767) Receivables Turnover : 10.20 (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Zhong Ji Longevity Science Group 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. Zhong Ji Longevity Science Group's Revenue for the six months ended in Dec. 2023 was HK$35.08 Mil. Zhong Ji Longevity Science Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$3.44 Mil. Hence, Zhong Ji Longevity Science Group's Receivables Turnover for the six months ended in Dec. 2023 was 10.20.

Zhong Ji Longevity Science Group Receivables Turnover Historical Data

The historical data trend for Zhong Ji Longevity Science Group'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.

* Premium members only.

Zhong Ji Longevity Science Group Receivables Turnover Chart

Zhong Ji Longevity Science Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

2.93

1.43

3,216.79

266.47

46.50

Zhong Ji Longevity Science Group 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															2,368.79	88.03	81.69	11.10	10.20

Competitive Comparison of Zhong Ji Longevity Science Group's Receivables Turnover

For the Credit Services subindustry, Zhong Ji Longevity Science Group'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.

Zhong Ji Longevity Science Group's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Zhong Ji Longevity Science Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhong Ji Longevity Science Group's Receivables Turnover falls into.

Zhong Ji Longevity Science Group Receivables Turnover Calculation

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

Zhong Ji Longevity Science Group'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 )
=	64.989	/ (	(0.654	+	2.141)	/	2 )
=	64.989	/	1.3975
=	46.50

Zhong Ji Longevity Science Group'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 )
=	35.078	/ (	(4.736	+	2.141)	/	2 )
=	35.078	/	3.4385
=	10.20

Zhong Ji Longevity Science Group (HKSE:00767) 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.

Zhong Ji Longevity Science Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Zhong Ji Longevity Science Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhong Ji Longevity Science Group (HKSE:00767) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Zhong Ji Longevity Science Group Ltd (HKSE:00767) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite Nos. 01-03, 19th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.irasia.com/listco/hk/zhongjilongevity

Zhong Ji Longevity Science Group Ltd is an investment holding company engaged in the business of loan facilitation services business, money lending business, securities and investment business, financial and investment advisory and property investment. It is also engaged in research and development and production of longevity biological products, as well as the development of medical service business including cell and gene therapy and detection test. Its segments consist of Loan facilitation services; Money lending; Securities and other investments; Financial and investment advisory; and Property investment. It derives the majority of revenue from Money Lending segment that loan financing for interest income.

Zhong Ji Longevity Science Group (HKSE:00767) Headlines

No Headlines