Shanghai Jin Jiang Capital Co (HKSE:02006) Receivables Turnover : 1.81 (As of Dec. 2021)

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What is Shanghai Jin Jiang Capital 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. Shanghai Jin Jiang Capital Co's Revenue for the six months ended in Dec. 2021 was HK$10,131 Mil. Shanghai Jin Jiang Capital Co's average Accounts Receivable for the six months ended in Dec. 2021 was HK$5,609 Mil. Hence, Shanghai Jin Jiang Capital Co's Receivables Turnover for the six months ended in Dec. 2021 was 1.81.

Shanghai Jin Jiang Capital Co Receivables Turnover Historical Data

The historical data trend for Shanghai Jin Jiang Capital 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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Shanghai Jin Jiang Capital Co Receivables Turnover Chart

Shanghai Jin Jiang Capital Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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20.28

17.63

16.57

11.53

5.51

Shanghai Jin Jiang Capital Co Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Receivables Turnover	Get a 7-Day Free Trial															4.25	2.08	3.18	2.61	1.81

Competitive Comparison of Shanghai Jin Jiang Capital Co's Receivables Turnover

For the Lodging subindustry, Shanghai Jin Jiang Capital 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.

Shanghai Jin Jiang Capital Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shanghai Jin Jiang Capital Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Jin Jiang Capital Co's Receivables Turnover falls into.

Shanghai Jin Jiang Capital Co Receivables Turnover Calculation

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

Shanghai Jin Jiang Capital Co's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	19413.391	/ (	(1420.678	+	5625.015)	/	2 )
=	19413.391	/	3522.8465
=	5.51

Shanghai Jin Jiang Capital Co's Receivables Turnover for the quarter that ended in Dec. 2021 is calculated as

	Receivables Turnover (Q: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2021 )	/ (	(Accounts Receivable (Q: Jun. 2021 )	+	Accounts Receivable (Q: Dec. 2021 ))	/	count )
=	10131.314	/ (	(5592.732	+	5625.015)	/	2 )
=	10131.314	/	5608.8735
=	1.81

Shanghai Jin Jiang Capital Co (HKSE:02006) 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.

Shanghai Jin Jiang Capital Co Receivables Turnover Related Terms

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Shanghai Jin Jiang Capital Co (HKSE:02006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang Capital Co Ltd (HKSE:02006) » Definitions » Receivables Turnover

Comparable Companies

XTAE:FTAL HKSE:00041 SGX:M04 HKSE:00045 XMAD:NHH XMAD:MEL XTAE:ISRO MCG OSTO:PNDX B HKSE:00069

Traded in Other Exchanges

N/A

Address

No. 100 Yan’an East Road, 26th Floor, Union Building, Shanghai, CHN, 200002

Website

http://www.jinjiangcapital.com

Shanghai Jin Jiang Capital Co Ltd is a hotel group in China, principally engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. Its segment includes Full-Service Hotels; Select Service Hotels- Managed and operated in Mainland China; Select Service Hotels- Managed and operated overseas; Food and Restaurants; Passenger Transportation Vehicles and Logistics; Travel Agency and Other Operations. The group generates a majority of its revenue from the Select Service Hotels- Managed and operated in Mainland China.

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