China Vanke Co (SZSE:000002) Receivables Turnover : 21.05 (As of Dec. 2023)

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What is China Vanke 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. China Vanke Co's Revenue for the three months ended in Dec. 2023 was ¥175,431 Mil. China Vanke Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥8,333 Mil. Hence, China Vanke Co's Receivables Turnover for the three months ended in Dec. 2023 was 21.05.

China Vanke Co Receivables Turnover Historical Data

The historical data trend for China Vanke 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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China Vanke Co Receivables Turnover Chart

China Vanke Co Annual Data

Trend

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Dec20

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Dec23

Receivables Turnover

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205.86

168.30

117.06

82.27

62.94

China Vanke 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															21.74	8.50	14.96	9.68	21.05

Competitive Comparison of China Vanke Co's Receivables Turnover

For the Real Estate - Development subindustry, China Vanke 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.

China Vanke Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Vanke Co's Receivables Turnover distribution charts can be found below:

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

China Vanke Co Receivables Turnover Calculation

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

China Vanke 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 )
=	465739.077	/ (	(7504.692	+	7293.628)	/	2 )
=	465739.077	/	7399.16
=	62.94

China Vanke 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 )
=	175430.585	/ (	(9372.699	+	7293.628)	/	2 )
=	175430.585	/	8333.1635
=	21.05

China Vanke Co (SZSE:000002) 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 Vanke Co Receivables Turnover Related Terms

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China Vanke Co (SZSE:000002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Vanke Co Ltd (SZSE:000002) » Definitions » Receivables Turnover

Traded in Other Exchanges

CHVKF:USA CHVKY:USA 02202:Hong Kong 18V:Germany

Address

Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083

Website

https://www.vanke.com

China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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