GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Orient Group Inc (SHSE:600811) » Definitions » Receivables Turnover

Orient Group (SHSE:600811) Receivables Turnover : 1.01 (As of Sep. 2024)


View and export this data going back to 1994. Start your Free Trial

What is Orient 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. Orient Group's Revenue for the three months ended in Sep. 2024 was ¥247 Mil. Orient Group's average Accounts Receivable for the three months ended in Sep. 2024 was ¥244 Mil. Hence, Orient Group's Receivables Turnover for the three months ended in Sep. 2024 was 1.01.


Orient Group Receivables Turnover Historical Data

The historical data trend for Orient 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.

* Premium members only.

Orient Group Receivables Turnover Chart

Orient Group 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 8.65 58.39 52.78 42.56 22.29

Orient Group 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 8.43 1.80 1.64 0.29 1.01

Competitive Comparison of Orient Group's Receivables Turnover

For the Industrial Distribution subindustry, Orient 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.


Orient Group's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Orient Group's Receivables Turnover distribution charts can be found below:

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


;
;

Orient Group Receivables Turnover Calculation

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

Orient 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 )
=6081.339 / ((288.746 + 256.969) / 2 )
=6081.339 / 272.8575
=22.29

Orient Group'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 )
=247.365 / ((230.6 + 257.003) / 2 )
=247.365 / 243.8015
=1.01

* 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.


Orient Group  (SHSE:600811) 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.


Orient Group Receivables Turnover Related Terms

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


Orient Group Business Description

Traded in Other Exchanges
N/A
Address
No. 235 Huayuan Street, Nangang District, Harbin, Heilongjiang, CHN, 150001
Orient Group Inc operates in various businesses including a sale of grain and oil, construction materials, household decoration materials as well as mining and leasing services. The company is involved in the four major industrial sectors of finance, modern agriculture and health food industry, new urbanization development and port transportation, and its main business is modern agriculture and health food industry.
Executives
Liu Yi Director
Chi Qing Lin Supervisors
Guan Guo Liang Director

Orient Group Headlines

No Headlines