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Xiwang Foodstuffs Co (SZSE:000639) Receivables Turnover : 4.77 (As of Mar. 2025)


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What is Xiwang Foodstuffs 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. Xiwang Foodstuffs Co's Revenue for the three months ended in Mar. 2025 was ¥1,040 Mil. Xiwang Foodstuffs Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥218 Mil. Hence, Xiwang Foodstuffs Co's Receivables Turnover for the three months ended in Mar. 2025 was 4.77.


Xiwang Foodstuffs Co Receivables Turnover Historical Data

The historical data trend for Xiwang Foodstuffs 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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Xiwang Foodstuffs Co Receivables Turnover Chart

Xiwang Foodstuffs Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.39 25.20 20.77 17.21 18.43

Xiwang Foodstuffs Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.68 3.22 3.97 4.63 4.77

Competitive Comparison of Xiwang Foodstuffs Co's Receivables Turnover

For the Packaged Foods subindustry, Xiwang Foodstuffs 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.


Xiwang Foodstuffs Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Xiwang Foodstuffs Co's Receivables Turnover falls into.


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Xiwang Foodstuffs Co Receivables Turnover Calculation

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

Xiwang Foodstuffs Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=4972.309 / ((321.245 + 218.257) / 2 )
=4972.309 / 269.751
=18.43

Xiwang Foodstuffs Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=1039.739 / ((218.257 + 217.79) / 2 )
=1039.739 / 218.0235
=4.77

* 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.


Xiwang Foodstuffs Co  (SZSE:000639) 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.


Xiwang Foodstuffs Co Receivables Turnover Related Terms

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Xiwang Foodstuffs Co Business Description

Traded in Other Exchanges
N/A
Address
No. 333 Changjiang North Road, Building 1, Jinde Industrial Park, Tianyuan District, Zhuzhou, Hunan, CHN, 412007
Xiwang Foodstuffs Co Ltd operates in the food industry. The company manufactures corn germ oil, corn olive oil, sunflower oil, peanut oil, chile multi, and flaxseed oil.
Executives
Yin Xue Li Supervisors
Wang Di Director
Zhou Yong Executives
Wu Zhen Jin Director
Yu Xiao Lei Independent director
Wen Zong Yu Independent director
Li Xiang Rong Supervisors
Yang Zi Ping Supervisors

Xiwang Foodstuffs Co Headlines

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