MPNGF (Meituan) Receivables Turnover : 30.61 (As of Sep. 2024)

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What is Meituan 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. Meituan's Revenue for the three months ended in Sep. 2024 was $13,225 Mil. Meituan's average Accounts Receivable for the three months ended in Sep. 2024 was $432 Mil. Hence, Meituan's Receivables Turnover for the three months ended in Sep. 2024 was 30.61.

Meituan Receivables Turnover Historical Data

The historical data trend for Meituan'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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Meituan Receivables Turnover Chart

Meituan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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169.33

138.15

128.08

109.56

114.23

Meituan 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															28.26	26.26	26.49	28.03	30.61

Competitive Comparison of Meituan's Receivables Turnover

For the Internet Retail subindustry, Meituan'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.

Meituan's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meituan's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Meituan's Receivables Turnover falls into.

Meituan Receivables Turnover Calculation

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

Meituan'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 )
=	38758.712	/ (	(294.438	+	384.163)	/	2 )
=	38758.712	/	339.3005
=	114.23

Meituan'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 )
=	13224.607	/ (	(404.494	+	459.549)	/	2 )
=	13224.607	/	432.0215
=	30.61

Meituan (OTCPK:MPNGF) 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.

Meituan Receivables Turnover Related Terms

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Meituan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meituan (OTCPK:MPNGF) » Definitions » Receivables Turnover

Comparable Companies

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MPNGY:USA 03690:Hong Kong 9MD:Germany

Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the year ended 2023, the firm generated 58% of revenue from on-demand services, 17% from hotel booking, coupon sales, advertising, and 25% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.