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Dinglong Culture Co (SZSE:002502) Receivables Turnover : 1.04 (As of Mar. 2024)


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What is Dinglong Culture 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. Dinglong Culture Co's Revenue for the three months ended in Mar. 2024 was ¥148.6 Mil. Dinglong Culture Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥142.3 Mil. Hence, Dinglong Culture Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.04.


Dinglong Culture Co Receivables Turnover Historical Data

The historical data trend for Dinglong Culture 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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Dinglong Culture Co Receivables Turnover Chart

Dinglong Culture 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 2.81 2.24 5.64 2.40 4.12

Dinglong Culture 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 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 0.68 0.64 1.10 1.28 1.04

Competitive Comparison of Dinglong Culture Co's Receivables Turnover

For the Leisure subindustry, Dinglong Culture 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.


Dinglong Culture Co's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Dinglong Culture Co's Receivables Turnover falls into.



Dinglong Culture Co Receivables Turnover Calculation

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

Dinglong Culture 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 )
=611.338 / ((155.953 + 141.065) / 2 )
=611.338 / 148.509
=4.12

Dinglong Culture 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 )
=148.605 / ((141.065 + 143.577) / 2 )
=148.605 / 142.321
=1.04

* 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.


Dinglong Culture Co  (SZSE:002502) 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.


Dinglong Culture Co Receivables Turnover Related Terms

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Dinglong Culture Co (SZSE:002502) Business Description

Traded in Other Exchanges
N/A
Address
Yu Ting Road, Huawei Industrial Zone, Cheng Hua Industrial Zone, Chenghai District, Guangdong Province, Shantou, CHN, 515800
Dinglong Culture Co Ltd, formerly Huawei Culture Co Ltd is engaged in the design, development, manufacture and sale of high-tech, educational and entertaining toy products in China.
Executives
Yang Fang Director
Li Bin Supervisors
Wang Xiao Ping Directors, executives
Long Xue Hai Director
Liu Wen Kang Executives
Xie Qiao Chun Securities Affairs Representative
Wang Li Directors, executives
Guo Xiang Bin Directors, executives
Liu Xian Zhi Directors, executives
Chen Bo Directors, executives
Chen Chu Jun Directors, executives
Qiu Liang Sheng Director
Guo Zhuo Cai Director
Guo Qun Directors, executives

Dinglong Culture Co (SZSE:002502) Headlines

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