Jinzai Food Group Co (SZSE:003000) Receivables Turnover : 73.35 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Jinzai Food 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. Jinzai Food Group Co's Revenue for the three months ended in Mar. 2024 was ¥540 Mil. Jinzai Food Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥7 Mil. Hence, Jinzai Food Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 73.35.

Jinzai Food Group Co Receivables Turnover Historical Data

The historical data trend for Jinzai Food 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.

* Premium members only.

Jinzai Food Group Co Receivables Turnover Chart

Jinzai Food Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

796.11

554.85

312.18

182.53

221.60

Jinzai Food Group 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															45.59	73.83	92.76	67.62	73.35

Competitive Comparison of Jinzai Food Group Co's Receivables Turnover

For the Packaged Foods subindustry, Jinzai Food 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.

Jinzai Food Group Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jinzai Food Group Co's Receivables Turnover distribution charts can be found below:

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

Jinzai Food Group Co Receivables Turnover Calculation

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

Jinzai Food 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 )
=	2065.207	/ (	(9.974	+	8.665)	/	2 )
=	2065.207	/	9.3195
=	221.60

Jinzai Food 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 )
=	539.924	/ (	(8.665	+	6.057)	/	2 )
=	539.924	/	7.361
=	73.35

Jinzai Food Group Co (SZSE:003000) 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.

Jinzai Food Group Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jinzai Food Group Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jinzai Food Group Co (SZSE:003000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jinzai Food Group Co Ltd (SZSE:003000) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Pingjiang Industrial Park, Hunan Province, Wushi Town, Pingjiang County, Yueyang, CHN, 414517

Website

Jinzai Food Group Co Ltd formerly Huawen Food Co Ltd is primarily involved in the pre-packaged food and bulk food business. The business activities of the company include production and sales of traditional flavor snack foods such as flavored fish and flavored dried bean curd.

Executives

Su Che Hui	Executives
Liu Te Yuan	Directors, executives

Jinzai Food Group Co (SZSE:003000) Headlines

No Headlines