STO Express Co (SZSE:002468) Receivables Turnover : 13.63 (As of Mar. 2024)

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What is STO Express 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. STO Express Co's Revenue for the three months ended in Mar. 2024 was ¥10,132 Mil. STO Express Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥743 Mil. Hence, STO Express Co's Receivables Turnover for the three months ended in Mar. 2024 was 13.63.

STO Express Co Receivables Turnover Historical Data

The historical data trend for STO Express 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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STO Express Co Receivables Turnover Chart

STO Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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24.38

23.69

27.93

37.71

46.06

STO Express 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															9.74	11.68	10.96	12.86	13.63

Competitive Comparison of STO Express Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, STO Express 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.

STO Express Co's Receivables Turnover Distribution in the Transportation Industry

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

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

STO Express Co Receivables Turnover Calculation

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

STO Express 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 )
=	40923.639	/ (	(935.275	+	841.526)	/	2 )
=	40923.639	/	888.4005
=	46.06

STO Express 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 )
=	10131.808	/ (	(841.526	+	645.131)	/	2 )
=	10131.808	/	743.3285
=	13.63

STO Express Co (SZSE:002468) 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.

STO Express Co Receivables Turnover Related Terms

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STO Express Co (SZSE:002468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » STO Express Co Ltd (SZSE:002468) » Definitions » Receivables Turnover

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Address

No. 25, Lane 6598, Beiqing Road, Yibang International Office Building, Qingpu District, Shanghai, CHN, 201706

Website

http://www.sto.cn

STO Express is one of the "Tongdas", which refers to the top four national express delivery companies that adopt the network partner model. Tongdas provide line-haul transportation, sorting, and waybill services to its network partners for fees, while its local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect the payments. STO was founded in 1993 by Nie Tengfei, who passed away in 1998. His ex-wife Chen Xiaoying's brother Chen Dejun is now the Chairman and General Manager, with a 28% stake, and Ms. Chen owned a 5% stake as of Dec. 31, 2022. STO's strategic shareholder is Cainiao Smart Logistics Network, with a 25% stake. Alibaba can exercise its share options to purchase 21% of STO before Dec. 27, 2025 at CNY 16.50 per share.

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