Sinotrans (Sinotrans) Receivables Turnover : 1.67 (As of Mar. 2024)

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What is Sinotrans 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. Sinotrans's Revenue for the three months ended in Mar. 2024 was $3,372 Mil. Sinotrans's average Accounts Receivable for the three months ended in Mar. 2024 was $2,021 Mil. Hence, Sinotrans's Receivables Turnover for the three months ended in Mar. 2024 was 1.67.

Sinotrans Receivables Turnover Historical Data

The historical data trend for Sinotrans'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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Sinotrans Receivables Turnover Chart

Sinotrans Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.49

8.27

9.98

7.55

7.80

Sinotrans Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.69	1.80	1.65	2.08	1.67

Competitive Comparison of Sinotrans's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Sinotrans'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.

Sinotrans's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sinotrans's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sinotrans's Receivables Turnover falls into.

Sinotrans Receivables Turnover Calculation

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

Sinotrans'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 )
=	14243.938	/ (	(1924.02	+	1726.491)	/	2 )
=	14243.938	/	1825.2555
=	7.80

Sinotrans'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 )
=	3372.44	/ (	(1726.491	+	2316.112)	/	2 )
=	3372.44	/	2021.3015
=	1.67

Sinotrans (OTCPK:SNOTF) 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.

Sinotrans Receivables Turnover Related Terms

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Sinotrans (Sinotrans) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sinotrans Ltd (OTCPK:SNOTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

00598:Hong Kong SIY:Germany 601598:China

Address

Building 10, No. 5 Anding Road, Sinotrans Building Tower B, Chaoyang District, Beijing, CHN, 100029

Website

http://www.sinotrans.com

Sinotrans Ltd is an integrated logistics services company. The company organizes itself into three segments: forwarding and related business, logistics business, and e-commerce business. The forwarding and related business segment, which contributes the majority of revenue, includes providing services such as freight forwarding, warehousing, storage yards, container loading and, terminal services, among others. The logistics segment provides professional and customized logistics services. The E-commerce segment includes logistics solutions for import and export e-commerce customers.

Sinotrans (Sinotrans) Headlines

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