Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Receivables Turnover : 9.51 (As of Dec. 2023)

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What is Nine Dragons Paper (Holdings) 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. Nine Dragons Paper (Holdings)'s Revenue for the six months ended in Dec. 2023 was $4,287 Mil. Nine Dragons Paper (Holdings)'s average Accounts Receivable for the six months ended in Dec. 2023 was $451 Mil. Hence, Nine Dragons Paper (Holdings)'s Receivables Turnover for the six months ended in Dec. 2023 was 9.51.

Nine Dragons Paper (Holdings) Receivables Turnover Historical Data

The historical data trend for Nine Dragons Paper (Holdings)'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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Nine Dragons Paper (Holdings) Receivables Turnover Chart

Nine Dragons Paper (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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15.19

16.74

18.14

16.72

16.15

Nine Dragons Paper (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															9.26	8.05	8.39	7.52	9.51

Competitive Comparison of Nine Dragons Paper (Holdings)'s Receivables Turnover

For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'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.

Nine Dragons Paper (Holdings)'s Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s Receivables Turnover falls into.

Nine Dragons Paper (Holdings) Receivables Turnover Calculation

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

Nine Dragons Paper (Holdings)'s Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	7922.954	/ (	(550.089	+	430.975)	/	2 )
=	7922.954	/	490.532
=	16.15

Nine Dragons Paper (Holdings)'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4287.167	/ (	(430.975	+	470.582)	/	2 )
=	4287.167	/	450.7785
=	9.51

Nine Dragons Paper (Holdings) (OTCPK:NDGPY) 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.

Nine Dragons Paper (Holdings) Receivables Turnover Related Terms

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Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nine Dragons Paper (Holdings) Ltd (OTCPK:NDGPY) » Definitions » Receivables Turnover

Traded in Other Exchanges

NDGPF:USA 02689:Hong Kong N3Y:Germany

Address

No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN

Website

http://www.ndpaper.com

Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.

Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Headlines

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