111(Yi) Financials: Receivables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - receivables turnover
This chart shows the historical trend of receivables turnover for YI compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Receivables Turnover
Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.
Interpretation:
• In '2021', YI's receivables turnover was 18.69, showing efficiency in collecting outstanding receivables. Industry average for Retail-Drug Stores and Proprietary Stores in '2021' stood at 7.19.
• In '2022', YI's receivables turnover was 19.51, showing efficiency in collecting outstanding receivables. The increase since '2021' reflects strengthening financial performance. Industry average for Retail-Drug Stores and Proprietary Stores in '2022' stood at 8.02. Industry average increased by 0.83 compared to previous year.
• In '2023', YI's receivables turnover was 19.97, showing efficiency in collecting outstanding receivables. The increase since '2022' reflects strengthening financial performance. Industry average for Retail-Drug Stores and Proprietary Stores in '2023' stood at 7.56. Industry average declined by 0.45 from previous year.
• In '2024', YI's receivables turnover was 20.47, showing efficiency in collecting outstanding receivables. The increase since '2023' reflects strengthening financial performance. Industry average for Retail-Drug Stores and Proprietary Stores in '2024' stood at 8.60. Industry average increased by 1.04 compared to previous year.
Overall, YI's receivables turnover has steadily improved over the past 4 years.
Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Good Range: Ranges 5 to 15 depending on credit terms.