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Sun Art Retail Group (Sun Art Retail Group) Receivables Turnover : 12.89 (As of Sep. 2023)


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What is Sun Art Retail Group 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. Sun Art Retail Group's Revenue for the six months ended in Sep. 2023 was $4,901 Mil. Sun Art Retail Group's average Accounts Receivable for the six months ended in Sep. 2023 was $380 Mil. Hence, Sun Art Retail Group's Receivables Turnover for the six months ended in Sep. 2023 was 12.89.


Sun Art Retail Group Receivables Turnover Historical Data

The historical data trend for Sun Art Retail Group'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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Sun Art Retail Group Receivables Turnover Chart

Sun Art Retail Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.72 56.74 237.79 39.30 22.25

Sun Art Retail Group Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Sep21 Mar22 Sep22 Mar23 Sep23
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 122.72 20.89 12.23 16.80 12.89

Competitive Comparison of Sun Art Retail Group's Receivables Turnover

For the Department Stores subindustry, Sun Art Retail Group'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.


Sun Art Retail Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sun Art Retail Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sun Art Retail Group's Receivables Turnover falls into.



Sun Art Retail Group Receivables Turnover Calculation

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

Sun Art Retail Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=12140.939 / ((646.534 + 444.644) / 2 )
=12140.939 / 545.589
=22.25

Sun Art Retail Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=4901.136 / ((444.644 + 315.707) / 2 )
=4901.136 / 380.1755
=12.89

* 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.


Sun Art Retail Group  (OTCPK:SURRF) 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.


Sun Art Retail Group Receivables Turnover Related Terms

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Sun Art Retail Group (Sun Art Retail Group) Business Description

Traded in Other Exchanges
Address
183 Queen’s Road East, Level 54, Hopewell Centre, Hong Kong, HKG
Sun Art Retail Group Ltd is a hypermarket operator in China. As of 2019, the company had 491 hypermarket complexes under two banners: Auchan and RT-Mart, with a total gross floor area of 13.68 million square meters. Sun Art operates its business with hypermarkets, superstores, and mini stores under RT-Super and RT-Mini.

Sun Art Retail Group (Sun Art Retail Group) Headlines

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