YuanShengTai Dairy Farm (HKSE:01431) Receivables Turnover : 27.01 (As of Dec. 2023)

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What is YuanShengTai Dairy Farm 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. YuanShengTai Dairy Farm's Revenue for the six months ended in Dec. 2023 was HK$1,232 Mil. YuanShengTai Dairy Farm's average Accounts Receivable for the six months ended in Dec. 2023 was HK$46 Mil. Hence, YuanShengTai Dairy Farm's Receivables Turnover for the six months ended in Dec. 2023 was 27.01.

YuanShengTai Dairy Farm Receivables Turnover Historical Data

The historical data trend for YuanShengTai Dairy Farm'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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YuanShengTai Dairy Farm Receivables Turnover Chart

YuanShengTai Dairy Farm Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.89

12.43

19.76

49.77

40.47

YuanShengTai Dairy Farm 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															9.45	15.41	20.50	78.97	27.01

Competitive Comparison of YuanShengTai Dairy Farm's Receivables Turnover

For the Farm Products subindustry, YuanShengTai Dairy Farm'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.

YuanShengTai Dairy Farm's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where YuanShengTai Dairy Farm's Receivables Turnover falls into.

YuanShengTai Dairy Farm Receivables Turnover Calculation

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

YuanShengTai Dairy Farm'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 )
=	2415.699	/ (	(29.054	+	90.338)	/	2 )
=	2415.699	/	59.696
=	40.47

YuanShengTai Dairy Farm'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 )
=	1232.361	/ (	(0.917	+	90.338)	/	2 )
=	1232.361	/	45.6275
=	27.01

YuanShengTai Dairy Farm (HKSE:01431) 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.

YuanShengTai Dairy Farm Receivables Turnover Related Terms

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YuanShengTai Dairy Farm (HKSE:01431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » YuanShengTai Dairy Farm Ltd (HKSE:01431) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingxiang Street, Kedong County, Heilongjiang Province, Qiqihar, CHN

Website

http://www.ystdfarm.com

YuanShengTai Dairy Farm Ltd is a China-based dairy farming company. Along with its subsidiaries, it principally engages in the production and sale of milk in the People's Republic of China. Its dairy farms are in Heilongjiang and Jilin province, which includes Gannan Oumei Farm, Kedong Oumei Farm, Kedong YST Farm, Zhenlai Farm Phase I, Kedong Yongjin Farm, Baiquan Ruixincheng Farm, and Keshan Farm. The group generates revenue from its operations mainly in Mainland China.

Executives

Leng Youbin	2201 Interest of corporation controlled by you
China Feihe Limited	2101 Beneficial owner
Garland Glory Holdings Limited	2201 Interest of corporation controlled by you
Harneys Trustees Limited	2301 Trustee
Lyb International Holding Limited	2201 Interest of corporation controlled by you

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