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Guilin Tourism (SZSE:000978) Receivables Turnover : 1.27 (As of Mar. 2024)


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What is Guilin Tourism 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. Guilin Tourism's Revenue for the three months ended in Mar. 2024 was ¥88.5 Mil. Guilin Tourism's average Accounts Receivable for the three months ended in Mar. 2024 was ¥69.6 Mil. Hence, Guilin Tourism's Receivables Turnover for the three months ended in Mar. 2024 was 1.27.


Guilin Tourism Receivables Turnover Historical Data

The historical data trend for Guilin Tourism'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.

Guilin Tourism Receivables Turnover Chart

Guilin Tourism 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 5.04 2.31 2.80 2.17 7.60

Guilin Tourism 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 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 1.33 1.48 1.98 1.26 1.27

Competitive Comparison of Guilin Tourism's Receivables Turnover

For the Lodging subindustry, Guilin Tourism'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.


Guilin Tourism's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Guilin Tourism's Receivables Turnover distribution charts can be found below:

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



Guilin Tourism Receivables Turnover Calculation

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

Guilin Tourism'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 )
=467.104 / ((57.871 + 65.046) / 2 )
=467.104 / 61.4585
=7.60

Guilin Tourism'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 )
=88.496 / ((65.046 + 74.238) / 2 )
=88.496 / 69.642
=1.27

* 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.


Guilin Tourism  (SZSE:000978) 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.


Guilin Tourism Receivables Turnover Related Terms

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Guilin Tourism (SZSE:000978) Business Description

Traded in Other Exchanges
N/A
Address
No. 27-2, Cuizhu Road, Guangxi, Guilin, CHN, 541002
Guilin Tourism Corp Ltd is a China-based tourism company. It offers various travel related services including scenic spot, passenger and passenger transport, taxis, hotels, terminals, online tourism, cruise ship, and cultural performances. The company covers various tourist attractions in Guilin China including Danxia Hot Spring, resources Tianmen Mountain, lakes scenic spot, Hezhou Hot Spring and other scenic spots.
Executives
Ma De Hui Director
Chen Luo Man Executives
Zhou Mao Quan Directors, executives
Liu Hong Supervisors
Liu Xue Ming Director
Li Fei Ying Directors, executives
Sun Qi Zhao Director
Xiao Di Bo Directors, executives
Yin Lin Director
Liu Tao Director
Xie Xiang Yu Directors, executives
Guo Heng Gui Executives
Huang Xi Jun Secretary Dong

Guilin Tourism (SZSE:000978) Headlines

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