Guangdong Jushen Logistics Co (SZSE:001202) Receivables Turnover : 2.12 (As of Mar. 2024)

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What is Guangdong Jushen Logistics 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. Guangdong Jushen Logistics Co's Revenue for the three months ended in Mar. 2024 was ¥211.5 Mil. Guangdong Jushen Logistics Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥99.8 Mil. Hence, Guangdong Jushen Logistics Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.12.

Guangdong Jushen Logistics Co Receivables Turnover Historical Data

The historical data trend for Guangdong Jushen Logistics 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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Guangdong Jushen Logistics Co Receivables Turnover Chart

Guangdong Jushen Logistics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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24.14

21.56

10.30

11.99

11.46

Guangdong Jushen Logistics Co 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															2.21	1.88	2.41	2.28	2.12

Competitive Comparison of Guangdong Jushen Logistics Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Guangdong Jushen Logistics 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.

Guangdong Jushen Logistics Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Guangdong Jushen Logistics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Jushen Logistics Co's Receivables Turnover falls into.

Guangdong Jushen Logistics Co Receivables Turnover Calculation

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

Guangdong Jushen Logistics 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 )
=	994.343	/ (	(81.23	+	92.374)	/	2 )
=	994.343	/	86.802
=	11.46

Guangdong Jushen Logistics Co'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 )
=	211.5	/ (	(92.374	+	107.254)	/	2 )
=	211.5	/	99.814
=	2.12

Guangdong Jushen Logistics Co (SZSE:001202) 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.

Guangdong Jushen Logistics Co Receivables Turnover Related Terms

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Guangdong Jushen Logistics Co (SZSE:001202) Business Description

Industry

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Traded in Other Exchanges

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Address

No. 1 Jintai Road, Danzao Logistics Center, Room 211 and 213, 2nd Floor, Office Building, Danzao Town, Nanhai District, Guangdong Province, Foshan, CHN, 528216

Website

http://www.jushen.com

Guangdong Jushen Logistics Co Ltd focuses on the field of non-ferrous metal logistics, providing customers with integrated logistics solution design, transportation, warehousing and unloading, futures delivery and standard warehouse receipt production, cargo rights transfer registration, and warehouse management output.

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