Vingroup JSC (STC:VIC) Receivables Turnover : 0.99 (As of Dec. 2023)

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What is Vingroup JSC 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. Vingroup JSC's Revenue for the three months ended in Dec. 2023 was ₫27,221,060 Mil. Vingroup JSC's average Accounts Receivable for the three months ended in Dec. 2023 was ₫27,469,879 Mil. Hence, Vingroup JSC's Receivables Turnover for the three months ended in Dec. 2023 was 0.99.

Vingroup JSC Receivables Turnover Historical Data

The historical data trend for Vingroup JSC'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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Vingroup JSC Receivables Turnover Chart

Vingroup JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

10.78

6.99

7.59

4.69

6.12

Vingroup JSC 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															1.65	1.36	1.60	1.77	0.99

Competitive Comparison of Vingroup JSC's Receivables Turnover

For the Real Estate Services subindustry, Vingroup JSC'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.

Vingroup JSC's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Vingroup JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vingroup JSC's Receivables Turnover falls into.

Vingroup JSC Receivables Turnover Calculation

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

Vingroup JSC'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 )
=	161427568	/ (	(25276287	+	27473498)	/	2 )
=	161427568	/	26374892.5
=	6.12

Vingroup JSC'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 )
=	27221060	/ (	(27466260	+	27473498)	/	2 )
=	27221060	/	27469879
=	0.99

Vingroup JSC (STC:VIC) 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.

Vingroup JSC Receivables Turnover Related Terms

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Vingroup JSC (STC:VIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vingroup JSC (STC:VIC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 7, Bang Lang 1 Street, Vinhomes Riverside Ecological Area, Viet Hung Ward, Long Bien District, Hanoi, VNM

Website

http://www.vingroup.net

Vingroup JSC is a Vietnam-based company engaged in construction and provides retail outlets, commercial offices for lease, residential units for lease and sale. It also carries out investment activities, to provide the management service and to conduct other businesses. The company operates through the segments of Sale of inventory properties, Leasing investment properties and related services, Hospitality, entertainment and other services, Health care and related services, Education services, Retail services, Manufacturing activities, and Others. The company generates the majority of its revenue from Sale of inventory properties including developing and trading apartments and villas at real estate projects of the group.

Vingroup JSC (STC:VIC) Headlines

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