China Yurun Food Group (HKSE:01068) Receivables Turnover : 6.38 (As of Dec. 2023)

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What is China Yurun Food 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. China Yurun Food Group's Revenue for the six months ended in Dec. 2023 was HK$641 Mil. China Yurun Food Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$100 Mil. Hence, China Yurun Food Group's Receivables Turnover for the six months ended in Dec. 2023 was 6.38.

China Yurun Food Group Receivables Turnover Historical Data

The historical data trend for China Yurun Food 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.

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China Yurun Food Group Receivables Turnover Chart

China Yurun Food Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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39.69

43.37

49.08

44.90

15.74

China Yurun Food 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															55.23	26.20	19.78	9.46	6.38

Competitive Comparison of China Yurun Food Group's Receivables Turnover

For the Packaged Foods subindustry, China Yurun Food 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.

China Yurun Food Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Yurun Food Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Yurun Food Group's Receivables Turnover falls into.

China Yurun Food Group Receivables Turnover Calculation

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

China Yurun Food 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 )
=	1410.943	/ (	(70.593	+	108.683)	/	2 )
=	1410.943	/	89.638
=	15.74

China Yurun Food 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 )
=	641.243	/ (	(92.215	+	108.683)	/	2 )
=	641.243	/	100.449
=	6.38

China Yurun Food Group (HKSE:01068) 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 Yurun Food Group Receivables Turnover Related Terms

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China Yurun Food Group (HKSE:01068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Yurun Food Group Ltd (HKSE:01068) » Definitions » Receivables Turnover

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Traded in Other Exchanges

C7Y:Germany

Address

10 Yurun Road, Jianye District, Nanjing, CHN, 210041

Website

http://www.yurun.com.hk

China Yurun Food Group Ltd is mainly engaged in the provision of a wide range of meat and processed meat including chilled and frozen meat, low-temperature meat products and high-temperature meat products, and others. The company operates through two business segments namely Chilled and frozen meat and Processed meat products. The Chilled and frozen meat is involved in the business of slaughtering, production, and sales of chilled and frozen meat whereas the Processed meat products segment manufactures and distributes processed meat products. The company markets its products under the brand name of Yurun, Furun, Wangrun, and Popular Meat Packing. China Yurun generates all the revenue from the sale of meat products in the People's Republic of China.

China Yurun Food Group (HKSE:01068) Headlines

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