Mingzhu Logistics Holdings Limited's ability to collect accounts receivable sequentially worsen to 22.27, pointing to a challenging and on top of that deteriorating business climate for the Personal Services industry. Mingzhu Logistics Holdings Limited's Accounts Receivable average collection period in the Dec 31 2023 quarter, has increased to 16 days, from 14 days, in the 0 quarter.

If we take a look into Services sector 29 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from to 83.

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What is Receivable Turnover Ratio?

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YGMZ Receivables Turnover Ratio	(Dec 31 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	-91.17 %	-82.93 %	-26.04 %	-21.99 %	-21.99 %
Y / Y Revenue Change	-21.98 %	-	-	-	557.15 %
Receivable Turnover Ratio (TTM)	22.27	25.39	23.07	18.67	18.21
YGMZ's Total Ranking	# 83	#	#	#	# 382
Accounts Receivable average collection period days	16	14	16	20	20
Seq. Receivable Change	-48.26 %	-97.19 %	507 %	0 %	0 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Personal Services Industry	# 1
Services Sector	# 30
Overall Market	# 83

Receivable Turnover Ratio Statistics
High	Average	Low
481.24	217.98	67.16
(Dec 31 2023)		(Dec 31 2022)

YGMZ Company Profile • Back to YGMZ Efficiency Comparisons • Compare YGMZ Receivables Turnover Ratio to its Competitors

Financial Statements
Mingzhu Logistics Holdings Limited's Accounts Receivable	$ 0 Millions	Visit YGMZ's Balance sheet
Mingzhu Logistics Holdings Limited's Sales TTM	$ 89 Millions	Visit YGMZ's Income Statement
Sources of YGMZ's Revenues		Visit YGMZ's Sales by Geography

Other Accounts Receivable Turnover Ratios
Personal Services Industry Accounts Receivable Turnover Trends and Statistics
Services Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
YGMZ's Receivable Turnover Ratio versus Personal Services Industry, Services Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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YGMZ's Profitability Ratios	YGMZ's Roi	YGMZ's Asset Turnover Ratio	YGMZ's Dividend Growth
YGMZ's Valuation Ratios	YGMZ's Roe	YGMZ's Financial Strength Ratios	YGMZ's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Sparta Commercial Services Inc	860.83	$ 0.219 Millions	$ 0.000 Millions
Flex Lng Ltd	830.03	$ 371.022 Millions	$ 0.447 Millions
Quhuo Ltd	597.33	$ 521.470 Millions	$ 0.873 Millions
Riskified Ltd	577.88	$ 297.610 Millions	$ 0.515 Millions
Calibercos Inc	532.57	$ 90.937 Millions	$ 0.171 Millions
Mingzhu Logistics Holdings Limited	481.24	$ 89.002 Millions	$ 0.185 Millions
Greentree Hospitality Group Ltd	473.66	$ 229.194 Millions	$ 0.484 Millions
Exceed World Inc	467.77	$ 24.718 Millions	$ 0.053 Millions
Ohmyhome Limited	460.48	$ 3.303 Millions	$ 0.007 Millions
Bt Brands Inc	420.37	$ 14.077 Millions	$ 0.033 Millions
Treasure Global Inc	410.28	$ 53.586 Millions	$ 0.131 Millions
Redwood Mortgage Investors Ix	389.97	$ 6.142 Millions	$ 0.016 Millions
Alset Inc	328.98	$ 22.089 Millions	$ 0.067 Millions
Luckin Coffee Inc	308.73	$ 3,507.537 Millions	$ 11.361 Millions
Cannae Holdings Inc	300.00	$ 570.000 Millions	$ 1.900 Millions
Offerpad Solutions Inc	297.12	$ 1,314.181 Millions	$ 4.423 Millions
Reborn Coffee Inc	287.27	$ 5.508 Millions	$ 0.019 Millions
Frontdoor Inc	284.80	$ 1,780.000 Millions	$ 6.250 Millions
Trinet Group Inc	273.44	$ 4,922.000 Millions	$ 18.000 Millions
Lucky Strike Entertainment Corporation	264.97	$ 1,088.221 Millions	$ 4.107 Millions
Flanigan s Enterprises Inc	234.40	$ 177.675 Millions	$ 0.758 Millions
Dynagas Lng Partners Lp	226.35	$ 160.480 Millions	$ 0.709 Millions
Chuy s Holdings Inc	225.39	$ 461.310 Millions	$ 2.047 Millions
Iqiyi Inc	222.16	$ 4,489.169 Millions	$ 20.207 Millions
Good Times Restaurants Inc	192.14	$ 137.860 Millions	$ 0.718 Millions
First Watch Restaurant Group Inc	189.53	$ 891.551 Millions	$ 4.704 Millions
Leju Holdings Ltd	184.52	$ 316.854 Millions	$ 1.717 Millions
Yum China Holdings Inc	177.06	$ 10,978.000 Millions	$ 62.000 Millions
Ihuman Inc	175.60	$ 142.589 Millions	$ 0.812 Millions
Darden Restaurants Inc	158.86	$ 11,013.100 Millions	$ 69.325 Millions

Date modified: 2026-09-08T15:11:16+00:00

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