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Suning Universal Co (SZSE:000718) Receivables Turnover : 6.66 (As of Sep. 2024)


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What is Suning Universal 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. Suning Universal Co's Revenue for the three months ended in Sep. 2024 was ¥429 Mil. Suning Universal Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥64 Mil. Hence, Suning Universal Co's Receivables Turnover for the three months ended in Sep. 2024 was 6.66.


Suning Universal Co Receivables Turnover Historical Data

The historical data trend for Suning Universal 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.

Suning Universal Co Receivables Turnover Chart

Suning Universal 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 21.98 41.00 29.46 24.18 30.88

Suning Universal Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.50 10.30 7.04 13.73 6.66

Competitive Comparison of Suning Universal Co's Receivables Turnover

For the Real Estate - Development subindustry, Suning Universal 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.


Suning Universal Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Suning Universal Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Suning Universal Co's Receivables Turnover falls into.



Suning Universal Co Receivables Turnover Calculation

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

Suning Universal 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 )
=2113.48 / ((74.295 + 62.584) / 2 )
=2113.48 / 68.4395
=30.88

Suning Universal Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=429.117 / ((57.886 + 70.982) / 2 )
=429.117 / 64.434
=6.66

* 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.


Suning Universal Co  (SZSE:000718) 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.


Suning Universal Co Receivables Turnover Related Terms

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Suning Universal Co Business Description

Traded in Other Exchanges
N/A
Address
188 Guangzhou Road, Nanjing, CHN
Suning Universal Co Ltd operates in the real estate development industry. The projects of the company include commercial estate which includes tianrun city square and suning beitang project, residential property which include suning venice, suning tianrun city, and suning mingduhui, the hotel which includes suning venice hotel, and building materials.
Executives
Zhang Gui Ping Director
Liu De Bo Executives
Li Jun Supervisors
Zhang Kang Li Director
Li Wei Directors, executives
Jiang Li Bo Secretary, Director
Ma Li Li Supervisors
Jia Sen Executives
Liu Deng Hua Secretary Dong
Wang Yong Gang Executives
Guo Ru Jin Directors, executives
Zhang Jian Guo Supervisors
Qiu Hong Tao Securities Affairs Representative
Gu Jian Hua Director
Cui Zhen Jie Executives

Suning Universal Co Headlines

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