UK (Ucommune International) Receivables Turnover : 1.50 (As of Jun. 2024)

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What is Ucommune International 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. Ucommune International's Revenue for the six months ended in Jun. 2024 was $16.39 Mil. Ucommune International's average Accounts Receivable for the six months ended in Jun. 2024 was $10.95 Mil. Hence, Ucommune International's Receivables Turnover for the six months ended in Jun. 2024 was 1.50.

Ucommune International Receivables Turnover Historical Data

The historical data trend for Ucommune International'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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Ucommune International Receivables Turnover Chart

Ucommune International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.54

8.53

8.31

3.79

3.12

Ucommune International Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial					2.55	2.41	1.58	1.74	1.50

Competitive Comparison of Ucommune International's Receivables Turnover

For the Real Estate Services subindustry, Ucommune International'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.

Ucommune International's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ucommune International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ucommune International's Receivables Turnover falls into.

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Ucommune International Receivables Turnover Calculation

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

Ucommune International'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 )
=	64.399	/ (	(29.209	+	12.058)	/	2 )
=	64.399	/	20.6335
=	3.12

Ucommune International'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: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	16.391	/ (	(12.058	+	9.833)	/	2 )
=	16.391	/	10.9455
=	1.50

Ucommune International (NAS:UK) 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.

Ucommune International Receivables Turnover Related Terms

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Ucommune International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ucommune International Ltd (NAS:UK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Guang Hua Road, No. 2, Tower D, Floor B1, Chaoyang District, Beijing, CHN, 100026

Website

https://www.ucommune.com

Ucommune International Ltd is a flexible office space provider and manager based in the People's Republic of China (PRC). The company offers long-term leasing, on-demand, and short-term leasing solutions to freelancers, start-up entrepreneurs, small and medium enterprises, and corporations. They provide fully-serviced and well-furnished office spaces on a flexible basis. The members of the Ucommune community, which includes individuals and enterprises registered on the U bazaar mobile app, can avail of these services. The company has three operating segments: Workspace membership, Marketing and branding services, and Other services. Marketing and branding services generate the majority of the company's revenue.