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YouYou Foods Co (SHSE:603697) Receivables Turnover : 54.50 (As of Mar. 2024)


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What is YouYou Foods 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. YouYou Foods Co's Revenue for the three months ended in Mar. 2024 was ¥275 Mil. YouYou Foods Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5 Mil. Hence, YouYou Foods Co's Receivables Turnover for the three months ended in Mar. 2024 was 54.50.


YouYou Foods Co Receivables Turnover Historical Data

The historical data trend for YouYou Foods 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.

YouYou Foods Co Receivables Turnover Chart

YouYou Foods 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 481.49 576.17 1,025.37 1,521.04 412.91

YouYou Foods 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 441.65 211.02 114.07 63.45 54.50

Competitive Comparison of YouYou Foods Co's Receivables Turnover

For the Packaged Foods subindustry, YouYou Foods 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.


YouYou Foods Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, YouYou Foods Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where YouYou Foods Co's Receivables Turnover falls into.



YouYou Foods Co Receivables Turnover Calculation

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

YouYou Foods 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 )
=966.211 / ((0.885 + 3.795) / 2 )
=966.211 / 2.34
=412.91

YouYou Foods 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 )
=275.081 / ((3.795 + 6.299) / 2 )
=275.081 / 5.047
=54.50

* 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.


YouYou Foods Co  (SHSE:603697) 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.


YouYou Foods Co Receivables Turnover Related Terms

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YouYou Foods Co (SHSE:603697) Business Description

Traded in Other Exchanges
N/A
Address
No.13, Baohuan 1st Road, National Agricultural Science and Technology Park, International Food Industry City, Yubei District, Chongqing, CHN, 401120
YouYou Foods Co Ltd is engaged in the research and development, production and sales of snack foods. It chicken feet, seafood, halogen, vegetarian and gift box series products.
Executives
Cui Hai Bin Directors, senior managers
Lu You senior management
Liu Yu Can senior management
Li Xue Hui Director

YouYou Foods Co (SHSE:603697) Headlines

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