China Yongda Automobiles Services Holdings (China Yongda Automobiles Services Holdings) Receivables Turnover : 35.74 (As of Jun. 2023)

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What is China Yongda Automobiles Services Holdings 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. China Yongda Automobiles Services Holdings's Revenue for the six months ended in Jun. 2023 was $4,868 Mil. China Yongda Automobiles Services Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was $136 Mil. Hence, China Yongda Automobiles Services Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 35.74.

China Yongda Automobiles Services Holdings Receivables Turnover Historical Data

The historical data trend for China Yongda Automobiles Services Holdings'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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China Yongda Automobiles Services Holdings Receivables Turnover Chart

China Yongda Automobiles Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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68.86

70.02

81.64

72.81

73.23

China Yongda Automobiles Services Holdings 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															38.68	32.92	41.47	35.74	39.14

Competitive Comparison of China Yongda Automobiles Services Holdings's Receivables Turnover

For the Auto & Truck Dealerships subindustry, China Yongda Automobiles Services Holdings'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.

China Yongda Automobiles Services Holdings's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Yongda Automobiles Services Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Yongda Automobiles Services Holdings's Receivables Turnover falls into.

China Yongda Automobiles Services Holdings Receivables Turnover Calculation

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

China Yongda Automobiles Services Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	10330.893	/ (	(143.774	+	140.021)	/	2 )
=	10330.893	/	141.8975
=	72.81

China Yongda Automobiles Services Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	4868.031	/ (	(140.021	+	132.401)	/	2 )
=	4868.031	/	136.211
=	35.74

China Yongda Automobiles Services Holdings (OTCPK:CYYHF) 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.

China Yongda Automobiles Services Holdings Receivables Turnover Related Terms

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China Yongda Automobiles Services Holdings (China Yongda Automobiles Services Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yongda Automobiles Services Holdings Ltd (OTCPK:CYYHF) » Definitions » Receivables Turnover

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03669:Hong Kong 1CY:Germany

Address

The Center, 99 Queen’s Road Central, Unit 5708, 57th Floor, Central, Hong Kong, HKG

Website

http://www.ydauto.com.cn

China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.