China Literature (HKSE:00772) Receivables Turnover : 1.85 (As of Dec. 2023)

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What is China Literature 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 Literature's Revenue for the six months ended in Dec. 2023 was HK$4,078 Mil. China Literature's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,199 Mil. Hence, China Literature's Receivables Turnover for the six months ended in Dec. 2023 was 1.85.

China Literature Receivables Turnover Historical Data

The historical data trend for China Literature'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 Literature Receivables Turnover Chart

China Literature Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.19

2.65

2.93

3.01

3.44

China Literature Semi-Annual Data
	Dec14	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													1.43	1.52	1.51	1.59	1.85

Competitive Comparison of China Literature's Receivables Turnover

For the Internet Content & Information subindustry, China Literature'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 Literature's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, China Literature's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Literature's Receivables Turnover falls into.

China Literature Receivables Turnover Calculation

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

China Literature'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 )
=	7669.342	/ (	(2286.574	+	2174.432)	/	2 )
=	7669.342	/	2230.503
=	3.44

China Literature'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 )
=	4078.438	/ (	(2223.578	+	2174.432)	/	2 )
=	4078.438	/	2199.005
=	1.85

China Literature (HKSE:00772) 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 Literature Receivables Turnover Related Terms

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China Literature (HKSE:00772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » China Literature Ltd (HKSE:00772) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CHLLF:USA C2X:Germany

Address

No. 5169 Binjiang Avenue, N3 Lujiazui Binjiang Center, Pudong New Area, Shanghai, CHN, 200135

Website

https://ir.yuewen.com

China Literature Ltd is an investment holding company. The company along with its subsidiaries provides online reading services, copyright commercialization, writer cultivation and brokerage, and operation of text work reading. It generates its revenue from Online reading through self-owned platform products. it operates in two segments: Online business and Intellectual property operations and others. The Online business segment that derives the majority of revenue comprises online paid reading, online advertising, and game publishing. The Intellectual property operations and others segment includes licensing and distribution of film and television properties, copyrights licensing, sales of adaptation rights and scripts, sales of physical books, in-house online games operations.

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