Ziyuanyuan Holdings Group (HKSE:08223) Receivables Turnover : 1.30 (As of Dec. 2023)

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What is Ziyuanyuan Holdings Group 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. Ziyuanyuan Holdings Group's Revenue for the three months ended in Dec. 2023 was HK$280.7 Mil. Ziyuanyuan Holdings Group's average Accounts Receivable for the three months ended in Dec. 2023 was HK$215.5 Mil. Hence, Ziyuanyuan Holdings Group's Receivables Turnover for the three months ended in Dec. 2023 was 1.30.

Ziyuanyuan Holdings Group Receivables Turnover Historical Data

The historical data trend for Ziyuanyuan Holdings Group'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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Ziyuanyuan Holdings Group Receivables Turnover Chart

Ziyuanyuan Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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238.59

4.88

3.00

Ziyuanyuan Holdings Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.67	0.47	1.14	0.64	1.30

Competitive Comparison of Ziyuanyuan Holdings Group's Receivables Turnover

For the Credit Services subindustry, Ziyuanyuan Holdings Group'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.

Ziyuanyuan Holdings Group's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ziyuanyuan Holdings Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ziyuanyuan Holdings Group's Receivables Turnover falls into.

Ziyuanyuan Holdings Group Receivables Turnover Calculation

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

Ziyuanyuan Holdings Group'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 )
=	544.653	/ (	(147.892	+	215.46)	/	2 )
=	544.653	/	181.676
=	3.00

Ziyuanyuan Holdings Group'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	280.747	/ (	(0	+	215.46)	/	1 )
=	280.747	/	215.46
=	1.30

Ziyuanyuan Holdings Group (HKSE:08223) 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.

Ziyuanyuan Holdings Group Receivables Turnover Related Terms

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Ziyuanyuan Holdings Group (HKSE:08223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ziyuanyuan Holdings Group Ltd (HKSE:08223) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198 Daxin Road, 10th Floor, Block A, Majialong Innovation Building, Nanshan District, Shenzhen, CHN

Website

https://www.ziyygroup.com

Ziyuanyuan Holdings Group Ltd is principally engaged in the provision of medical equipment finance leasing services and maternal and child postpartum care industry services in the PRC. The segments of the group are Finance leasing, Postpartum care service and Trading of medical equipment and consumables. Geographically, it derives revenue from the PRC.

Executives

Hero Global Limited	2101 Beneficial owner
Icon Global Holding Limited	2401 A concert party to an agreement to buy shares
Tang Yiping	2202 Interest of your spouse
Zhang Junshen	2201 Interest of corporation controlled by you
Zhang Junwei	2401 A concert party to an agreement to buy shares

Ziyuanyuan Holdings Group (HKSE:08223) Headlines

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