Xinhua Winshare Publishing & Media Co (Xinhua Winshare Publishing & Media Co) Receivables Turnover : 1.40 (As of Mar. 2024)

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What is Xinhua Winshare Publishing & Media 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. Xinhua Winshare Publishing & Media Co's Revenue for the three months ended in Mar. 2024 was $344 Mil. Xinhua Winshare Publishing & Media Co's average Accounts Receivable for the three months ended in Mar. 2024 was $246 Mil. Hence, Xinhua Winshare Publishing & Media Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.40.

Xinhua Winshare Publishing & Media Co Receivables Turnover Historical Data

The historical data trend for Xinhua Winshare Publishing & Media 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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Xinhua Winshare Publishing & Media Co Receivables Turnover Chart

Xinhua Winshare Publishing & Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.64

5.58

6.75

6.43

7.38

Xinhua Winshare Publishing & Media 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															1.17	1.53	1.21	1.98	1.40

Competitive Comparison of Xinhua Winshare Publishing & Media Co's Receivables Turnover

For the Publishing subindustry, Xinhua Winshare Publishing & Media 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.

Xinhua Winshare Publishing & Media Co's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Xinhua Winshare Publishing & Media Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Xinhua Winshare Publishing & Media Co's Receivables Turnover falls into.

Xinhua Winshare Publishing & Media Co Receivables Turnover Calculation

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

Xinhua Winshare Publishing & Media 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 )
=	1662.207	/ (	(243.539	+	206.881)	/	2 )
=	1662.207	/	225.21
=	7.38

Xinhua Winshare Publishing & Media 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 )
=	343.517	/ (	(206.881	+	284.898)	/	2 )
=	343.517	/	245.8895
=	1.40

Xinhua Winshare Publishing & Media Co (OTCPK:SHXWF) 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.

Xinhua Winshare Publishing & Media Co Receivables Turnover Related Terms

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Xinhua Winshare Publishing & Media Co (Xinhua Winshare Publishing & Media Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Xinhua Winshare Publishing & Media Co Ltd (OTCPK:SHXWF) » Definitions » Receivables Turnover

Traded in Other Exchanges

00811:Hong Kong 601811:China

Address

No. 238 Sanse Road, Unit 1, Block 1, Jinjiang District, Sichuan, Chengdu, CHN

Website

https://www.winshare.com.cn

Xinhua Winshare Publishing & Media Co Ltd is engaged in the publishing of books, periodicals and audio-visual products and distribution of textbooks and supplementary materials. It operates its activity in China through two operating segments; the Publication segment which includes the publishing of books, periodicals and audiovisual products and the Distribution segment which comprises of distribution of textbooks and supplementary materials. The group generates a majority of its revenue from the Distribution segment.

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