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ANTA Sports Products (ANTA Sports Products) Receivables Turnover : 10.11 (As of Dec. 2023)


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What is ANTA Sports Products 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. ANTA Sports Products's Revenue for the six months ended in Dec. 2023 was $4,581 Mil. ANTA Sports Products's average Accounts Receivable for the six months ended in Dec. 2023 was $453 Mil. Hence, ANTA Sports Products's Receivables Turnover for the six months ended in Dec. 2023 was 10.11.

ANTA Sports Products Receivables Turnover Historical Data

The historical data trend for ANTA Sports Products'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.

ANTA Sports Products Receivables Turnover Chart

ANTA Sports Products 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 10.52 9.65 14.24 16.29 18.39

ANTA Sports Products Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 8.15 7.99 9.02 10.22 10.11

Competitive Comparison of ANTA Sports Products's Receivables Turnover

For the Leisure subindustry, ANTA Sports Products'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.

ANTA Sports Products's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ANTA Sports Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ANTA Sports Products's Receivables Turnover falls into.


ANTA Sports Products Receivables Turnover Calculation

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

ANTA Sports Products'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 )
=8733.089 / ((427.156 + 522.674) / 2 )
=8733.089 / 474.915
=18.39

ANTA Sports Products's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=4581.244 / ((383.165 + 522.674) / 2 )
=4581.244 / 452.9195
=10.11

* 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.

ANTA Sports Products  (OTCPK:ANPDF) 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.

ANTA Sports Products Receivables Turnover Related Terms

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ANTA Sports Products (ANTA Sports Products) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ANTA Sports Products Ltd (OTCPK:ANPDF) » Definitions » Receivables Turnover
Comparable Companies
HKSE:02331 HKSE:09992 HKSE:00308 HKSE:02255 HKSE:01126 HKSE:06858 HKSE:00635 HKSE:00419 HKSE:01086 HKSE:00869 TSE:4661 LSE:CCL TSE:7309 TSE:7832 AS HAS MAT PLNT GOLF LSE:GAW
Traded in Other Exchanges
ANPDY:USA ANTA:Mexico 02020:Hong Kong AS7:Germany
Address
Anta Headquarters Building, Dongshan Industrial Zone, Chidian Town, Fujian Province, Jinjiang, CHN, 362212
Website
https://www.anta.com
Anta Sports is the largest Chinese sportswear company, engaging in the design, manufacturing, and marketing of sportswear. Brands under Anta's management include the Anta core brand, Fila, Descente, Sprandi, Kolon, and KingKow. As of the end of 2020, the company had 12,260 stores, of which 9,922 were Anta stores and 2,006 were Fila stores.