Ossen Innovation Co (FRA:0BG2) Receivables Turnover : 1.37 (As of Dec. 2020)

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What is Ossen Innovation Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Ossen Innovation Co's Revenue for the six months ended in Dec. 2020 was €68.8 Mil. Ossen Innovation Co's average Accounts Receivable for the six months ended in Dec. 2020 was €50.2 Mil. Hence, Ossen Innovation Co's Receivables Turnover for the six months ended in Dec. 2020 was 1.37.

Ossen Innovation Co Receivables Turnover Historical Data

The historical data trend for Ossen Innovation Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ossen Innovation Co Receivables Turnover Chart

Ossen Innovation Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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2.96

2.83

2.47

2.10

Ossen Innovation Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Receivables Turnover	Get a 7-Day Free Trial															0.96	1.12	1.15	0.79	1.37

Competitive Comparison of Ossen Innovation Co's Receivables Turnover

For the Steel subindustry, Ossen Innovation Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ossen Innovation Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ossen Innovation Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ossen Innovation Co's Receivables Turnover falls into.

Ossen Innovation Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Ossen Innovation Co's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	113.911	/ (	(65.773	+	42.701)	/	2 )
=	113.911	/	54.237
=	2.10

Ossen Innovation Co's Receivables Turnover for the quarter that ended in Dec. 2020 is calculated as

	Receivables Turnover (Q: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2020 )	/ (	(Accounts Receivable (Q: Jun. 2020 )	+	Accounts Receivable (Q: Dec. 2020 ))	/	count )
=	68.824	/ (	(57.611	+	42.701)	/	2 )
=	68.824	/	50.156
=	1.37

Ossen Innovation Co (FRA:0BG2) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Ossen Innovation Co Receivables Turnover Related Terms

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Ossen Innovation Co (FRA:0BG2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ossen Innovation Co Ltd (FRA:0BG2) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

518 Shangcheng Road, Floor 17, Shanghai, CHN, 200120

Website

http://www.osseninnovation.com

Ossen Innovation Co Ltd designs, engineers, manufactures, and sells prestressed steel materials. The company's materials are used in the construction of bridges, highways and other infrastructure projects in the People's Republic of China and internationally. Its product is categorized as coated products and uncoated products. Its coated products include zinc, rare earth and plain surface prestressed concrete.It is used in the construction of new bridges and the renovation of older bridges. Uncoated products consist of wires that are twisted into a bundle and used in precast concrete plates on the riding surface of bridges. It is categorized based on size, strength, and structure.

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