ZTO Express (Cayman) (HKSE:02057) Receivables Turnover : 5.66 (As of Sep. 2024)

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What is ZTO Express (Cayman) 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. ZTO Express (Cayman)'s Revenue for the three months ended in Sep. 2024 was HK$11,754 Mil. ZTO Express (Cayman)'s average Accounts Receivable for the three months ended in Sep. 2024 was HK$2,078 Mil. Hence, ZTO Express (Cayman)'s Receivables Turnover for the three months ended in Sep. 2024 was 5.66.

ZTO Express (Cayman) Receivables Turnover Historical Data

The historical data trend for ZTO Express (Cayman)'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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ZTO Express (Cayman) Receivables Turnover Chart

ZTO Express (Cayman) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.02

21.44

18.75

17.63

21.86

ZTO Express (Cayman) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															5.57	6.37	6.10	6.46	5.66

Competitive Comparison of ZTO Express (Cayman)'s Receivables Turnover

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.

ZTO Express (Cayman)'s Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Receivables Turnover falls into.

ZTO Express (Cayman) Receivables Turnover Calculation

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

ZTO Express (Cayman)'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 )
=	42021.798	/ (	(1976.939	+	1868.178)	/	2 )
=	42021.798	/	1922.5585
=	21.86

ZTO Express (Cayman)'s Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	11753.717	/ (	(1892.948	+	2263.49)	/	2 )
=	11753.717	/	2078.219
=	5.66

ZTO Express (Cayman) (HKSE:02057) 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.

ZTO Express (Cayman) Receivables Turnover Related Terms

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ZTO Express (Cayman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (HKSE:02057) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZTO:USA ZTO:Mexico ZTOB:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

https://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.

Executives

Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Scts Capital Pte. Ltd.	2306 Nominee for another person
Standard Chartered Trust (singapore) Limited	2301 Trustee
Zto Wjl Holding Limited	2101 Beneficial owner
Wjl Holding Limited	2201 Interest of corporation controlled by you
Wang Jilei	2101 Beneficial owner
Invesco Advisers, Inc.	2102 Investment manager
Invesco Developing Markets Fund	2106 Person having a security interest in shares
Lai Jianfa	2501 Other
Ljfa Holding Limited	2201 Interest of corporation controlled by you
Zto Ljf Holding Limited	2101 Beneficial owner
Taobao China Holding Limited	2201 Interest of corporation controlled by you
Taobao Holding Limited	2201 Interest of corporation controlled by you
Alibaba Zt Investment Limited	2101 Beneficial owner
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you

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