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GDH Supertime Group Co (SZSE:001338) Receivables Turnover : 0.99 (As of Mar. 2024)


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What is GDH Supertime Group 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. GDH Supertime Group Co's Revenue for the three months ended in Mar. 2024 was ¥922 Mil. GDH Supertime Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥931 Mil. Hence, GDH Supertime Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.99.


GDH Supertime Group Co Receivables Turnover Historical Data

The historical data trend for GDH Supertime Group 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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GDH Supertime Group Co Receivables Turnover Chart

GDH Supertime Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 4.32 4.19 4.65 5.61 5.15

GDH Supertime Group Co Quarterly Data
Dec18 Dec19 Dec20 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 1.25 1.41 1.20 1.08 0.99

Competitive Comparison of GDH Supertime Group Co's Receivables Turnover

For the Beverages - Brewers subindustry, GDH Supertime Group 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.


GDH Supertime Group Co's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, GDH Supertime Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GDH Supertime Group Co's Receivables Turnover falls into.



GDH Supertime Group Co Receivables Turnover Calculation

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

GDH Supertime Group 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 )
=4840.216 / ((865.998 + 1013.666) / 2 )
=4840.216 / 939.832
=5.15

GDH Supertime Group 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 )
=922.099 / ((1013.666 + 849.258) / 2 )
=922.099 / 931.462
=0.99

* 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.


GDH Supertime Group Co  (SZSE:001338) 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.


GDH Supertime Group Co Receivables Turnover Related Terms

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GDH Supertime Group Co (SZSE:001338) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Mingzhu Road, Room 310, Room 309, Comprehensive Building, Huangpu District, Guangdong Province, Guangzhou, CHN, 510700
GDH Supertime Group Co Ltd is engaged in the research and development, production and sales of malt.

GDH Supertime Group Co (SZSE:001338) Headlines

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