YTO Express Group Co (SHSE:600233) Receivables Turnover : 8.99 (As of Mar. 2024)

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What is YTO Express Group Co 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. YTO Express Group Co's Revenue for the three months ended in Mar. 2024 was ¥15,427 Mil. YTO Express Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,717 Mil. Hence, YTO Express Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 8.99.

YTO Express Group Co Receivables Turnover Historical Data

The historical data trend for YTO Express Group 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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YTO Express Group Co Receivables Turnover Chart

YTO Express Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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24.40

27.77

30.25

41.34

43.05

YTO Express Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															12.53	14.60	12.96	11.25	8.99

Competitive Comparison of YTO Express Group Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, YTO Express Group 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.

YTO Express Group Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, YTO Express Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where YTO Express Group Co's Receivables Turnover falls into.

YTO Express Group Co Receivables Turnover Calculation

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

YTO Express Group 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 )
=	57684.35	/ (	(963.478	+	1716.539)	/	2 )
=	57684.35	/	1340.0085
=	43.05

YTO Express Group Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	15427.432	/ (	(1716.539	+	1716.583)	/	2 )
=	15427.432	/	1716.561
=	8.99

YTO Express Group Co (SHSE:600233) 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.

YTO Express Group Co Receivables Turnover Related Terms

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YTO Express Group Co (SHSE:600233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » YTO Express Group Co Ltd (SHSE:600233) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xu Highway 3029, Huaxin Town, Qingpu District, Shanghai, CHN, 201705

Website

http://www.yto.net.cn

YTO Express is one of the Tongda Operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect customer payments. The company was founded by Yu Huijiao in 2020. Yu remains chair and president with a 33.22% stake as of Sept. 30, 2023. Yu and Zhang Xiao Juan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO's strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 20.65% interest as of Dec. 2, 2023.

YTO Express Group Co (SHSE:600233) Headlines

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