Lufax reported CN¥5.06B of remaining performance obligations at 31 Dec 2024, down 41% from a year earlier. That is 0.6 years of trailing revenue already under contract.
Over the last twelve months it turned about 95% of its opening backlog into revenue (12-month conversion).
Twelve-month book-to-bill: 0.56, i.e. 0.56 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +5 points — orders are running ahead of revenue.
The latest filed figure is more than 200 days old.
Lufax backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in CNY. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
31 Dec 2024
CN¥5.06B
CN¥8.16B
0.6 yrs
n/a
31 Dec 2023
CN¥8.63B
CN¥15.3B
0.6 yrs
n/a
31 Dec 2022
CN¥18.9B
CN¥29.2B
0.6 yrs
n/a
31 Dec 2021
CN¥30.8B
CN¥38.3B
0.8 yrs
n/a
31 Dec 2020
CN¥33.8B
CN¥41.2B
0.8 yrs
n/a
31 Dec 2019
CN¥43.5B
CN¥41.9B
1.0 yrs
n/a
Questions
What is Lufax's backlog?
Lufax reported CN¥5.06B of remaining performance obligations at 31 Dec 2024, down 41% from a year earlier. That is 0.6 years of trailing revenue already under contract.
How fast does Lufax's backlog turn into revenue?
Over the last twelve months Lufax recognised revenue equal to about 95% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.