Lijiang Yulong Tourism Co (SZSE:002033) Receivables Turnover : 16.53 (As of Mar. 2024)

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What is Lijiang Yulong Tourism 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. Lijiang Yulong Tourism Co's Revenue for the three months ended in Mar. 2024 was ¥179.9 Mil. Lijiang Yulong Tourism Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥10.9 Mil. Hence, Lijiang Yulong Tourism Co's Receivables Turnover for the three months ended in Mar. 2024 was 16.53.

Lijiang Yulong Tourism Co Receivables Turnover Historical Data

The historical data trend for Lijiang Yulong Tourism 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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Lijiang Yulong Tourism Co Receivables Turnover Chart

Lijiang Yulong Tourism Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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99.90

76.58

66.96

51.11

106.25

Lijiang Yulong Tourism 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															22.14	14.39	12.44	10.18	16.53

Competitive Comparison of Lijiang Yulong Tourism Co's Receivables Turnover

For the Lodging subindustry, Lijiang Yulong Tourism 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.

Lijiang Yulong Tourism Co's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Lijiang Yulong Tourism Co's Receivables Turnover falls into.

Lijiang Yulong Tourism Co Receivables Turnover Calculation

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

Lijiang Yulong Tourism 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 )
=	798.905	/ (	(5.514	+	9.524)	/	2 )
=	798.905	/	7.519
=	106.25

Lijiang Yulong Tourism 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 )
=	179.93	/ (	(9.524	+	12.25)	/	2 )
=	179.93	/	10.887
=	16.53

Lijiang Yulong Tourism Co (SZSE:002033) 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.

Lijiang Yulong Tourism Co Receivables Turnover Related Terms

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Lijiang Yulong Tourism Co (SZSE:002033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lijiang Yulong Tourism Co Ltd (SZSE:002033) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 760, Xianggeli Avenue, Lijiang Yulong Tourism Building, Gucheng District, Yunnan Province, Lijiang, CHN, 674100

Website

http://www.yulongtour.com

Lijiang Yulong Tourism Co Ltd is a comprehensive tourism group enterprise. It generally covers ropeway services, eco-car transportation, tourism souvenir development, hotel services, cultural performances, catering services, travel agencies and research and development of biological resources. Further, it is also involved in providing cableway services and other ancillary services. Geographically, the activities are carried out through the region of China.

Executives

Deng Li Xing	Supervisors
Yang Ning	Directors, executives
Liu Xiao Hua	Directors, executives
Wang Xia	Supervisors, within half a year of separation
Hao Gang	Supervisors

Lijiang Yulong Tourism Co (SZSE:002033) Headlines

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