Yestar's cash conversion cycle has lengthened since 2017 due to an increase in inventory and account receivables turnover
days, which rose to 109 days and 102 days, respectively, at end-June 2018, from 74 days and 79 days at end-2016.
- Average trade receivables turnover
days reduced to 130 days from 164 days as at 30 June 2017, trade receivables amount reduced to RMB1,719.0 million from RMB2,224.4 million
However, they managed to improve their receivables turnover
as average accounts receivable turnover dropped from 255 to just 100 days.
The working capital efficiency was evaluated by calculating current ratio, acid test ratio, cash ratio (%), accounts receivables turnover
(days), inventory turnover (days), net working capital turnover rate, and return on assets.
Ratios financial taken in this study are located in six categories at the leaf profitability measures (including accounts receivables turnover
, inventory turnover, inventory turnover), operational efficiency (including accounts receivables turnover
, inventory turnover, inventory turnover ) measures of liquidity (current ratio, quick ratio and Debt-to-equity ratio) measures of leverage (including leverage ratio, the ratio of total debt to total assets ratio of total debt to equity), measures the company's vision (The ratio of price to earnings ratio of market value to book value) and growth factors (including revenue growth rate, growth rate, net income and earnings per share growth rate).
manufacturing firms' short-term financial management measures including net working capital, inventory turnover and receivables turnover
are examined over the 1971-2005 period.
The experts identified nine indicators they considered the most appropriate for evaluating the efficiency of separate Lithuanian economic sectors, namely 1) gross profit margin, 2) profitability ratio, 3) return on assets ratio, 4) debt ratio, 5) leverage ratio, 6) current ratio, 7) receivables turnover
ratio, 8) fixed assets turnover ratio, 9) equity turnover ratio.
The predictability of OHSB's revenues and cash flow level continues to be impacted by the uncertain timing of work orders and slow receivables turnover
. The aforementioned factors have greatly compromised the effectiveness of the structural protection afforded by the minimum required contract cover ratio (CCR) of 2.5 times (x) and assigned contract revenues.
[H.sub.0]: Crisis era Receivables Turnover
Rate is not significantly differing from pre-crisis era.
But no matter how it's constructed, it must incorporate the following characteristics to facilitate receivables turnover