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China Railway Special Cargo Logistics Co (SZSE:001213) Receivables Turnover : 1.09 (As of Sep. 2023)


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What is China Railway Special Cargo Logistics 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 Railway Special Cargo Logistics Co's Revenue for the three months ended in Sep. 2023 was ¥2,812 Mil. China Railway Special Cargo Logistics Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥2,573 Mil. Hence, China Railway Special Cargo Logistics Co's Receivables Turnover for the three months ended in Sep. 2023 was 1.09.


China Railway Special Cargo Logistics Co Receivables Turnover Historical Data

The historical data trend for China Railway Special Cargo Logistics 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 Railway Special Cargo Logistics Co Receivables Turnover Chart

China Railway Special Cargo Logistics Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial 5.34 4.78 4.60 4.80 4.30

China Railway Special Cargo Logistics Co Quarterly Data
Dec17 Dec18 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 1.08 1.01 0.94 0.90 1.09

Competitive Comparison of China Railway Special Cargo Logistics Co's Receivables Turnover

For the Railroads subindustry, China Railway Special Cargo Logistics 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 Railway Special Cargo Logistics Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Railway Special Cargo Logistics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Railway Special Cargo Logistics Co's Receivables Turnover falls into.



China Railway Special Cargo Logistics Co Receivables Turnover Calculation

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

China Railway Special Cargo Logistics 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 )
=9465.577 / ((1988.949 + 2409.415) / 2 )
=9465.577 / 2199.182
=4.30

China Railway Special Cargo Logistics 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 )
=2812.134 / ((2806.974 + 2338.062) / 2 )
=2812.134 / 2572.518
=1.09

* 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.


China Railway Special Cargo Logistics Co  (SZSE:001213) 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 Railway Special Cargo Logistics Co Receivables Turnover Related Terms

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China Railway Special Cargo Logistics Co (SZSE:001213) Business Description

Traded in Other Exchanges
N/A
Address
No. 24, Duck Bridge Road, 212-229, 314-328, 416-429, District C, Xicheng District, Beijing, CHN, 100055
China Railway Special Cargo Logistics Co Ltd is a professional transportation enterprise. The company's main business is commodity automobile logistics, refrigerated logistics and bulk logistics.

China Railway Special Cargo Logistics Co (SZSE:001213) Headlines

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