Chen Ke Ming Food Manufacturing Co (SZSE:002661) Receivables Turnover : 14.96 (As of Jun. 2024)

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What is Chen Ke Ming Food Manufacturing 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. Chen Ke Ming Food Manufacturing Co's Revenue for the three months ended in Jun. 2024 was ¥1,101 Mil. Chen Ke Ming Food Manufacturing Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥74 Mil. Hence, Chen Ke Ming Food Manufacturing Co's Receivables Turnover for the three months ended in Jun. 2024 was 14.96.

Chen Ke Ming Food Manufacturing Co Receivables Turnover Historical Data

The historical data trend for Chen Ke Ming Food Manufacturing 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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Chen Ke Ming Food Manufacturing Co Receivables Turnover Chart

Chen Ke Ming Food Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.96

20.75

27.49

39.09

45.60

Chen Ke Ming Food Manufacturing Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															12.18	14.13	14.28	16.71	14.96

Competitive Comparison of Chen Ke Ming Food Manufacturing Co's Receivables Turnover

For the Packaged Foods subindustry, Chen Ke Ming Food Manufacturing 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.

Chen Ke Ming Food Manufacturing Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chen Ke Ming Food Manufacturing Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chen Ke Ming Food Manufacturing Co's Receivables Turnover falls into.

Chen Ke Ming Food Manufacturing Co Receivables Turnover Calculation

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

Chen Ke Ming Food Manufacturing 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 )
=	5184.397	/ (	(143.994	+	83.412)	/	2 )
=	5184.397	/	113.703
=	45.60

Chen Ke Ming Food Manufacturing Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	1101.093	/ (	(71.76	+	75.431)	/	2 )
=	1101.093	/	73.5955
=	14.96

Chen Ke Ming Food Manufacturing Co (SZSE:002661) 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.

Chen Ke Ming Food Manufacturing Co Receivables Turnover Related Terms

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Chen Ke Ming Food Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chen Ke Ming Food Manufacturing Co Ltd (SZSE:002661) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 28, Zhenhua Road, Environmental Protection Technology Industrial Park, Yuhua District, Hunan Province, Changsha, CHN, 410116

Website

http://www.kemen.net.cn

Chen Ke Ming Food Manufacturing Co Ltd is a food manufacturing company in China. It is engaged in the research and development, production, and sale of middle and high-grade fine dried noodles. Its noodles are categories into six series - nutrition, power, high-gluten, gift, children, and other series. The company distributes its products under the brand name CKM.

Executives

Chen Hong	Directors, executives
Chen Yan	Secretary, Director
Yang Bo	Executives
Zhang Bo Dong	Executives
Zhang Xiao	Executives
Li Rui	Executives
Duan Ju Xiang	Director
Zhang Jun Hui	Executives
Chen Ke Zhong	Director
Yang Li Juan	Supervisors
Zhang Mu Lin	Independent director
Li Qing Long	Independent director
Chen Ke Ming	Director
Chen Hui	Director
Wang Yong	Secretary, Director

Chen Ke Ming Food Manufacturing Co Headlines

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