GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nanjing OLO Home Furnishing Co Ltd (SHSE:603326) » Definitions » Receivables Turnover

Nanjing OLO Home Furnishing Co (SHSE:603326) Receivables Turnover : 2.63 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Nanjing OLO Home Furnishing 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. Nanjing OLO Home Furnishing Co's Revenue for the three months ended in Mar. 2024 was ¥282 Mil. Nanjing OLO Home Furnishing Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥107 Mil. Hence, Nanjing OLO Home Furnishing Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.63.


Nanjing OLO Home Furnishing Co Receivables Turnover Historical Data

The historical data trend for Nanjing OLO Home Furnishing 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.

Nanjing OLO Home Furnishing Co Receivables Turnover Chart

Nanjing OLO Home Furnishing 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 9.02 8.01 9.69 9.41 11.60

Nanjing OLO Home Furnishing Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.38 2.45 2.57 3.20 2.63

Competitive Comparison of Nanjing OLO Home Furnishing Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Nanjing OLO Home Furnishing 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.


Nanjing OLO Home Furnishing Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nanjing OLO Home Furnishing Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nanjing OLO Home Furnishing Co's Receivables Turnover falls into.



Nanjing OLO Home Furnishing Co Receivables Turnover Calculation

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

Nanjing OLO Home Furnishing 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 )
=1711.319 / ((193.31 + 101.634) / 2 )
=1711.319 / 147.472
=11.60

Nanjing OLO Home Furnishing Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=281.617 / ((101.634 + 112.737) / 2 )
=281.617 / 107.1855
=2.63

* 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.


Nanjing OLO Home Furnishing Co  (SHSE:603326) 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.


Nanjing OLO Home Furnishing Co Receivables Turnover Related Terms

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


Nanjing OLO Home Furnishing Co (SHSE:603326) Business Description

Traded in Other Exchanges
N/A
Address
No. 218, Qingshuiting West Road, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211102
Nanjing OLO Home Furnishing Co Ltd operates in the home furnishings and fixtures industry. It is principally engaged in the design, research and development, manufacturing and sales of custom furniture products as well as the provision of related services. The company's main products include the integrated kitchen cabinets, custom wardrobes and the full house.

Nanjing OLO Home Furnishing Co (SHSE:603326) Headlines

No Headlines