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Nacity Property Service Group Co (SHSE:603506) Receivables Turnover : 0.79 (As of Mar. 2024)


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What is Nacity Property Service 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. Nacity Property Service Group Co's Revenue for the three months ended in Mar. 2024 was ¥442 Mil. Nacity Property Service Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥560 Mil. Hence, Nacity Property Service Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.79.


Nacity Property Service Group Co Receivables Turnover Historical Data

The historical data trend for Nacity Property Service 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.

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Nacity Property Service Group Co Receivables Turnover Chart

Nacity Property Service 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 5.06 4.58 4.27 3.92 3.58

Nacity Property Service Group 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 0.81 0.74 0.69 0.78 0.79

Competitive Comparison of Nacity Property Service Group Co's Receivables Turnover

For the Real Estate Services subindustry, Nacity Property Service 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.


Nacity Property Service Group Co's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Nacity Property Service Group Co's Receivables Turnover falls into.



Nacity Property Service Group Co Receivables Turnover Calculation

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

Nacity Property Service 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 )
=1850.887 / ((533.639 + 500.434) / 2 )
=1850.887 / 517.0365
=3.58

Nacity Property Service Group 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 )
=441.946 / ((500.434 + 618.924) / 2 )
=441.946 / 559.679
=0.79

* 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.


Nacity Property Service Group Co  (SHSE:603506) 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.


Nacity Property Service Group Co Receivables Turnover Related Terms

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Nacity Property Service Group Co (SHSE:603506) Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Zijinghua Road, 10th Floor, Unit 1, Building A, Union Building, Xihu District, Zhejiang Province, Hangzhou, CHN, 310023
Nacity Property Service Co Ltd provides property management services. The company is engaged in residential property management, office property management and commercial property management, legal formalities, consulting, and building value added services.
Executives
Xiao Xiao Ling Director
Jin Tao Director
Han Fang Director

Nacity Property Service Group Co (SHSE:603506) Headlines

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