Digital Transformation of Listed Agricultural Companies in China: Practice, Performance, and Value Creation

Table 3

Performance analysis of new Jinnong supply chain links.

year	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Receivables turnover ratio	3.8314	3.73696	6.67678	17.3034	22.459	25.7681	28.7221	38.0174	39.3063	15.60769
1 year–2 year receivables (%)	2.6	5.67	2.67	4.02	4.56	8.55	7.16	11.45	13.08	24.38
Receivables over 2 year (%)	1.2	1.93	2.3	1.42	2.88	4.04	54.7	37.94	58.69	32.38
Bad debt reserve profit rate (%)	0.08	0.01	0.19	0.45	0.18	0.14	0.67	1.31	0.03	0.44
Sales (%)	44.87	40.97	41.65	30.4	27.33	23.33	25.88	21.76	18.97	10.4
Sales expense rate (%)	5.0485	4.661	5.0238	4.6246	3.8323	4.4221	4.6525	4.6929	3.9089	1.6607
Sales profit rate (million)	3.2782	3.4345	3.2837	4.8366	5.2076	4.1298	4.1994	5.4276	6.0454	12.4062