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Guoquan Food (Shanghai) Co (HKSE:02517) Receivables Turnover : 51.40 (As of Jun. 2024)


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What is Guoquan Food (Shanghai) 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. Guoquan Food (Shanghai) Co's Revenue for the six months ended in Jun. 2024 was HK$2,869 Mil. Guoquan Food (Shanghai) Co's average Accounts Receivable for the six months ended in Jun. 2024 was HK$56 Mil. Hence, Guoquan Food (Shanghai) Co's Receivables Turnover for the six months ended in Jun. 2024 was 51.40.

Guoquan Food (Shanghai) Co Receivables Turnover Historical Data

The historical data trend for Guoquan Food (Shanghai) 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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Guoquan Food (Shanghai) Co Receivables Turnover Chart

Guoquan Food (Shanghai) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
- 265.81 95.23 63.68

Guoquan Food (Shanghai) Co Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial - - 20.13 61.43 51.40

Competitive Comparison of Guoquan Food (Shanghai) Co's Receivables Turnover

For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guoquan Food (Shanghai) Co's Receivables Turnover falls into.


Guoquan Food (Shanghai) Co Receivables Turnover Calculation

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

Guoquan Food (Shanghai) 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 )
=6665.602 / ((150.003 + 59.352) / 2 )
=6665.602 / 104.6775
=63.68

Guoquan Food (Shanghai) 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 )
=2868.987 / ((59.352 + 52.281) / 2 )
=2868.987 / 55.8165
=51.40

* 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.

Guoquan Food (Shanghai) Co  (HKSE:02517) 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.

Guoquan Food (Shanghai) Co Receivables Turnover Related Terms

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Guoquan Food (Shanghai) Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Receivables Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN
Website
https://www.zzgqsh.com
Guoquan Food (Shanghai) Co Ltd is the rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.
Executives
Zhao Yin Guo Ji Zi Ben Guan Li Shen Zhen You Xian Gong Si
Generation One Holdings Ltd 2101 Beneficial owner
Vision Knight Capital (china) Fund Ii, L.p. 2201 Interest of corporation controlled by you
Vision Knight Capital (china) Gp Ii, L.p. 2201 Interest of corporation controlled by you
Vkc (china) Gp Ii Ltd. 2201 Interest of corporation controlled by you
Vkc Cayman Ii Ltd. 2201 Interest of corporation controlled by you
Ho Chi Sing 2201 Interest of corporation controlled by you
Wei Zhe 2201 Interest of corporation controlled by you
Zhao Shang Yin Xing Gu Fen You Xian Gong Si
Li Zhujie 2201 Interest of corporation controlled by you
Zhao Yin Guo Ji Jin Rong Kong Gu You Xian Gong Si
Zhao Yin Guo Ji Jin Rong You Xian Gong Si
Zhao Yin Jin Rong Kong Gu Shen Zhen You Xian Gong Si
Shang Hai Guo Xiao Quan Qi Ye Guan Li Zhong Xin You Xian He Huo 2101 Beneficial owner
San Quan Shi Pin Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you

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