China Mengniu Dairy Co (HKSE:02319) Receivables Turnover : 12.67 (As of Jun. 2024)

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What is China Mengniu Dairy 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. China Mengniu Dairy Co's Revenue for the six months ended in Jun. 2024 was HK$48,090 Mil. China Mengniu Dairy Co's average Accounts Receivable for the six months ended in Jun. 2024 was HK$3,796 Mil. Hence, China Mengniu Dairy Co's Receivables Turnover for the six months ended in Jun. 2024 was 12.67.

China Mengniu Dairy Co Receivables Turnover Historical Data

The historical data trend for China Mengniu Dairy 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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China Mengniu Dairy Co Receivables Turnover Chart

China Mengniu Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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43.01

23.79

24.80

22.42

26.98

China Mengniu Dairy Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															9.87	9.72	12.35	11.75	12.67

Competitive Comparison of China Mengniu Dairy Co's Receivables Turnover

For the Packaged Foods subindustry, China Mengniu Dairy 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.

China Mengniu Dairy Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where China Mengniu Dairy Co's Receivables Turnover falls into.

China Mengniu Dairy Co Receivables Turnover Calculation

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

China Mengniu Dairy Co'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 )
=	107872.894	/ (	(4103.826	+	3891.712)	/	2 )
=	107872.894	/	3997.769
=	26.98

China Mengniu Dairy Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	48089.736	/ (	(3891.712	+	3701.001)	/	2 )
=	48089.736	/	3796.3565
=	12.67

China Mengniu Dairy Co (HKSE:02319) 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 Mengniu Dairy Co Receivables Turnover Related Terms

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China Mengniu Dairy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Mengniu Dairy Co Ltd (HKSE:02319) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CIADY:USA EZQ:Germany

Address

262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG

Website

https://www.mengniuir.com

China Mengniu Dairy is China's second-largest dairy producer by market share. The company produces a broad range of dairy products including liquid milk, yogurt, ice cream, milk formula, and cheese. Liquid milk, composed of milk, milk beverages, and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yoghurt and Yoyi C. Mengniu also owns two infant formula brands, Yashili and Bellamy, as well as Milkground, a cheese brand.

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