Beijing Dalong Weiye Real Estate Development Co (SHSE:600159) Receivables Turnover

: 0.55 (As of Dec. 2023)

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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. Beijing Dalong Weiye Real Estate Development Co's Revenue for the three months ended in Dec. 2023 was ¥177.6 Mil. Beijing Dalong Weiye Real Estate Development Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥322.4 Mil. Hence, Beijing Dalong Weiye Real Estate Development Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.55.

Beijing Dalong Weiye Real Estate Development Co Receivables Turnover Historical Data

The historical data trend for Beijing Dalong Weiye Real Estate Development 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.

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Beijing Dalong Weiye Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.58

4.01

7.05

3.24

2.23

Beijing Dalong Weiye Real Estate Development Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.95	0.35	0.53	0.87	0.55

Competitive Comparison

For the Real Estate - Development subindustry, Beijing Dalong Weiye Real Estate Development 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.

Beijing Dalong Weiye Real Estate Development Co Receivables Turnover Distribution

For the Real Estate industry and Real Estate sector, Beijing Dalong Weiye Real Estate Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Beijing Dalong Weiye Real Estate Development Co's Receivables Turnover falls into.

Beijing Dalong Weiye Real Estate Development Co Receivables Turnover Calculation

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

Beijing Dalong Weiye Real Estate Development 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 )
=	709.272	/ (	(290.662	+	344.659)	/	2 )
=	709.272	/	317.6605
=	2.23

Beijing Dalong Weiye Real Estate Development Co'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	177.595	/ (	(300.066	+	344.659)	/	2 )
=	177.595	/	322.3625
=	0.55

Beijing Dalong Weiye Real Estate Development Co (SHSE:600159) 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.

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Beijing Dalong Weiye Real Estate Development Co (SHSE:600159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Beijing Dalong Weiye Real Estate Development Co Ltd (SHSE:600159) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 2, Fuqian East Street, Shunyi District, Beijing, CHN, 101300

Website

http://www.dldc.com.cn

Beijing Dalong Weiye Real Estate Development Co Ltd is a real estate development company. The other business of the company includes land first level development, real estate secondary development, construction engineering, ecological gardening, service, finance, science and technology, and cultural media.

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