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Yonghui Superstores Co (SHSE:601933) Receivables Turnover : 34.52 (As of Sep. 2023)


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What is Yonghui Superstores 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. Yonghui Superstores Co's Revenue for the three months ended in Sep. 2023 was ¥20,061 Mil. Yonghui Superstores Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥581 Mil. Hence, Yonghui Superstores Co's Receivables Turnover for the three months ended in Sep. 2023 was 34.52.


Yonghui Superstores Co Receivables Turnover Historical Data

The historical data trend for Yonghui Superstores 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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Yonghui Superstores Co Receivables Turnover Chart

Yonghui Superstores Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.33 97.15 129.38 197.02 178.82

Yonghui Superstores Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 31.13 31.51 42.63 31.82 34.52

Competitive Comparison of Yonghui Superstores Co's Receivables Turnover

For the Department Stores subindustry, Yonghui Superstores 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.


Yonghui Superstores Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Yonghui Superstores Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Yonghui Superstores Co's Receivables Turnover falls into.



Yonghui Superstores Co Receivables Turnover Calculation

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

Yonghui Superstores Co'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 )
=90090.819 / ((477 + 530.611) / 2 )
=90090.819 / 503.8055
=178.82

Yonghui Superstores Co's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=20060.636 / ((559.409 + 602.982) / 2 )
=20060.636 / 581.1955
=34.52

* 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.


Yonghui Superstores Co  (SHSE:601933) 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.


Yonghui Superstores Co Receivables Turnover Related Terms

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Yonghui Superstores Co (SHSE:601933) Business Description

Traded in Other Exchanges
N/A
Address
No. 436 West Second Ring Road, Fujian Province, Fuzhou, CHN, 350002
Yonghui Superstores Co Ltd in China is a supermarket chain which sells a variety of food products and some household products and supplies. Its products categories include Fresh food division, Food products division, Clothing division, and Processing division.

Yonghui Superstores Co (SHSE:601933) Headlines

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