China Kangda Food Co (SGX:P74) Receivables Turnover : 7.52 (As of Dec. 2024)

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What is China Kangda Food 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 Kangda Food Co's Revenue for the six months ended in Dec. 2024 was S$163.6 Mil. China Kangda Food Co's average Accounts Receivable for the six months ended in Dec. 2024 was S$21.7 Mil. Hence, China Kangda Food Co's Receivables Turnover for the six months ended in Dec. 2024 was 7.52.

China Kangda Food Co Receivables Turnover Historical Data

The historical data trend for China Kangda Food 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 Kangda Food Co Receivables Turnover Chart

China Kangda Food Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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16.02

15.70

12.56

12.62

17.74

China Kangda Food Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															5.07	6.02	8.73	6.28	7.52

Competitive Comparison of China Kangda Food Co's Receivables Turnover

For the Packaged Foods subindustry, China Kangda Food 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 Kangda Food Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

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China Kangda Food Co Receivables Turnover Calculation

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

China Kangda Food Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	306.131	/ (	(18.338	+	16.174)	/	2 )
=	306.131	/	17.256
=	17.74

China Kangda Food Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	163.553	/ (	(27.305	+	16.174)	/	2 )
=	163.553	/	21.7395
=	7.52

China Kangda Food Co (SGX:P74) 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 Kangda Food Co Receivables Turnover Related Terms

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China Kangda Food Co Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Kangda Food Co Ltd (SGX:P74) » Definitions » Receivables Turnover

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00834:Hong Kong

Address

No. 8399, Binhai Boulevard, Huangdao District, Shandong Province, Qingdao, CHN

Website

http://www.kangdafood.com

China Kangda Food Co Ltd is a diversified food manufacturing and processing group based in China. Its operating segments are the production and sale of processed food products, chilled and frozen rabbit meat, chilled and frozen chicken meat, and other products comprising chicken and rabbit meat by-products and pet food products. The key revenue is generated from the processed food products business. Geographically, the company operates in Japan, Europe, the People's Republic of China, and others. It generates a majority of its revenue from the PRC.

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