Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Receivables Turnover : 113.15 (As of Mar. 2025)

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What is Jiangsu King's Luck Brewery Joint-Stock 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. Jiangsu King's Luck Brewery Joint-Stock Co's Revenue for the three months ended in Mar. 2025 was ¥5,099 Mil. Jiangsu King's Luck Brewery Joint-Stock Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥45 Mil. Hence, Jiangsu King's Luck Brewery Joint-Stock Co's Receivables Turnover for the three months ended in Mar. 2025 was 113.15.

Jiangsu King's Luck Brewery Joint-Stock Co Receivables Turnover Historical Data

The historical data trend for Jiangsu King's Luck Brewery Joint-Stock 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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Jiangsu King's Luck Brewery Joint-Stock Co Receivables Turnover Chart

Jiangsu King's Luck Brewery Joint-Stock Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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167.20

185.88

182.25

212.07

276.89

Jiangsu King's Luck Brewery Joint-Stock Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															81.51	41.68	45.16	35.13	113.15

Competitive Comparison of Jiangsu King's Luck Brewery Joint-Stock Co's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Jiangsu King's Luck Brewery Joint-Stock 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.

Jiangsu King's Luck Brewery Joint-Stock Co's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu King's Luck Brewery Joint-Stock Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu King's Luck Brewery Joint-Stock Co's Receivables Turnover falls into.

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Jiangsu King's Luck Brewery Joint-Stock Co Receivables Turnover Calculation

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

Jiangsu King's Luck Brewery Joint-Stock 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 )
=	11545.705	/ (	(48.537	+	34.858)	/	2 )
=	11545.705	/	41.6975
=	276.89

Jiangsu King's Luck Brewery Joint-Stock Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	5099.283	/ (	(34.858	+	55.275)	/	2 )
=	5099.283	/	45.0665
=	113.15

Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) 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.

Jiangsu King's Luck Brewery Joint-Stock Co Receivables Turnover Related Terms

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Jiangsu King's Luck Brewery Joint-Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu King's Luck Brewery Joint-Stock Co Ltd (SHSE:603369) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 1, Jinshiyuan Avenue, Gaogou Town, Lianshui County, Jiangsu Province, Huaian, CHN, 223411

Website

https://www.jinshiyuan.com.cn

Jiangsu King's Luck Brewery Joint-Stock Co Ltd is a China-based company engages in the manufacturing and distribution of liquor. It is engaged in the manufacture and sale of Distilled spirit wine. It also offers pre-packaged food. The company conducts its businesses mainly within Jiangsu province.

Executives

Zhou Su Ming	Director
Yang Dong	senior management
Ni Cong Chun	Supervisors
Wu Jian Feng	Directors, senior managers
Wang Wei Dong	Directors, senior managers
Lu Ke Jia	senior management
Yan Han Zhong	senior management
Zhu Huai Bao	Supervisors

Jiangsu King's Luck Brewery Joint-Stock Co Headlines

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