Rendong Holdings Co (SZSE:002647) Receivables Turnover : 5.26 (As of Mar. 2024)

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What is Rendong Holdings 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. Rendong Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥373 Mil. Rendong Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥71 Mil. Hence, Rendong Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 5.26.

Rendong Holdings Co Receivables Turnover Historical Data

The historical data trend for Rendong Holdings 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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Rendong Holdings Co Receivables Turnover Chart

Rendong Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

9.10

27.02

17.37

20.86

28.25

Rendong Holdings 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															7.19	6.98	8.11	8.06	5.26

Competitive Comparison of Rendong Holdings Co's Receivables Turnover

For the Financial Conglomerates subindustry, Rendong Holdings 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.

Rendong Holdings Co's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Rendong Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rendong Holdings Co's Receivables Turnover falls into.

Rendong Holdings Co Receivables Turnover Calculation

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

Rendong Holdings 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 )
=	1800.346	/ (	(66.751	+	60.701)	/	2 )
=	1800.346	/	63.726
=	28.25

Rendong Holdings 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 )
=	372.574	/ (	(60.701	+	81.049)	/	2 )
=	372.574	/	70.875
=	5.26

Rendong Holdings Co (SZSE:002647) 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.

Rendong Holdings Co Receivables Turnover Related Terms

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Rendong Holdings Co (SZSE:002647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rendong Holdings Co Ltd (SZSE:002647) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

91 Jianguo Road, Chaoyang District, 16th Floor, Block A, Jindi Center, Beijing, CHN, 100025

Website

http://www.mesonft.com

Rendong Holdings Co Ltd operates in the financial services industry. It is organized into three main businesses: third-party payment, commercial factoring, and supply chain management. Its third-party payment related business develops, operates and maintains payment systems and clearing platform system; clearing of trading funds, generation and management of the master key of UnionPay card acceptance terminal. The commercial factoring business is mainly engaged in the insurance agency business. The company's supply chain management business focuses on supply chain management and supply chain financial services.

Executives

Du Hui Qiang	Supervisors
Wang Shi Shan	Directors, executives
Zhao Jia	Director
Ye Guo Qing	Supervisors
Wei Zhe Qiang	Executives, directors

Rendong Holdings Co (SZSE:002647) Headlines

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