GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wolong Resources Group Co Ltd (SHSE:600173) » Definitions » Receivables Turnover

Wolong Resources Group Co (SHSE:600173) Receivables Turnover : 23.11 (As of Sep. 2024)


View and export this data going back to 1999. Start your Free Trial

What is Wolong Resources Group 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. Wolong Resources Group Co's Revenue for the three months ended in Sep. 2024 was ¥1,167 Mil. Wolong Resources Group Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥51 Mil. Hence, Wolong Resources Group Co's Receivables Turnover for the three months ended in Sep. 2024 was 23.11.


Wolong Resources Group Co Receivables Turnover Historical Data

The historical data trend for Wolong Resources Group 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.

* Premium members only.

Wolong Resources Group Co Receivables Turnover Chart

Wolong Resources Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.35 249.08 1,572.37 127.80 58.29

Wolong Resources Group Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.74 4.72 8.95 28.51 23.11

Competitive Comparison of Wolong Resources Group Co's Receivables Turnover

For the Real Estate - Development subindustry, Wolong Resources Group 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.


Wolong Resources Group Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wolong Resources Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wolong Resources Group Co's Receivables Turnover falls into.



Wolong Resources Group Co Receivables Turnover Calculation

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

Wolong Resources Group 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 )
=4755.572 / ((71.127 + 92.041) / 2 )
=4755.572 / 81.584
=58.29

Wolong Resources Group Co'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 )
=1167.36 / ((34.516 + 66.493) / 2 )
=1167.36 / 50.5045
=23.11

* 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.


Wolong Resources Group Co  (SHSE:600173) 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.


Wolong Resources Group Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Wolong Resources Group Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Wolong Resources Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1801 Renmin West Road, Economic Development Zone, Zhejiang, Shangyu, CHN, 312300
Wolong Resources Group Co Ltd is engaged in the development and operation of real estate in China.
Executives
Ni Yu Tai Director
Ma Ya Jun Director
Chen Ti Yin Supervisors
Sun Hui Fang Supervisors
Wang Xi Quan Director
Guo Xiao Xiong Director
Chen Yan Ni Director

Wolong Resources Group Co Headlines

No Headlines