Shanghai Conant Optical Co (HKSE:02276) Receivables Turnover : 3.01 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Shanghai Conant Optical 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. Shanghai Conant Optical Co's Revenue for the six months ended in Dec. 2023 was HK$1,016 Mil. Shanghai Conant Optical Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$337 Mil. Hence, Shanghai Conant Optical Co's Receivables Turnover for the six months ended in Dec. 2023 was 3.01.

Shanghai Conant Optical Co Receivables Turnover Historical Data

The historical data trend for Shanghai Conant Optical 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.

* Premium members only.

Shanghai Conant Optical Co Receivables Turnover Chart

Shanghai Conant Optical Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.37

4.03

5.04

5.86

6.42

Shanghai Conant Optical Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				2.76	2.67	2.92	2.86	3.01

Competitive Comparison of Shanghai Conant Optical Co's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Shanghai Conant Optical 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.

Shanghai Conant Optical Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai Conant Optical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Conant Optical Co's Receivables Turnover falls into.

Shanghai Conant Optical Co Receivables Turnover Calculation

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

Shanghai Conant Optical Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1924.658	/ (	(280.621	+	319.066)	/	2 )
=	1924.658	/	299.8435
=	6.42

Shanghai Conant Optical Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1015.557	/ (	(354.955	+	319.066)	/	2 )
=	1015.557	/	337.0105
=	3.01

Shanghai Conant Optical Co (HKSE:02276) 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.

Shanghai Conant Optical Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Shanghai Conant Optical Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Conant Optical Co (HKSE:02276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Conant Optical Co Ltd (HKSE:02276) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 83, Hongxiang North Road, 1st Floor, Building 36, No. 1-42, Lin-gang Special Area, Pilot Free Trade Zone, Shanghai, CHN

Website

http://www.conantoptical.com.cn

Shanghai Conant Optical Co Ltd is a resin spectacle lens manufacturer in China. The company offers a wide range of resin spectacle lenses to its customers including standardized lenses and customized lenses. The products are mainly resin spectacle lenses with the refractive index of 1.499, 1.56, 1.60, 1.67, and 1.74. The spectacle lenses is also be tinted or coated or cast with various films or coatings for added functionality, such as polarised, photochromic, blue-ray blocking, anti-scratch, anti-reflection and anti-smudge.

Executives

Fei Zhengxiang

2101 Beneficial owner

Shanghai Conant Optical Co (HKSE:02276) Headlines

No Headlines