NBTM New Materials Group Co (SHSE:600114) Receivables Turnover : 1.04 (As of Mar. 2024)

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What is NBTM New Materials Group 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. NBTM New Materials Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,102 Mil. NBTM New Materials Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,061 Mil. Hence, NBTM New Materials Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.04.

NBTM New Materials Group Co Receivables Turnover Historical Data

The historical data trend for NBTM New Materials Group 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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NBTM New Materials Group Co Receivables Turnover Chart

NBTM New Materials Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.43

4.23

3.69

3.84

3.75

NBTM New Materials Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.85	1.01	1.01	1.04	1.04

Competitive Comparison of NBTM New Materials Group Co's Receivables Turnover

For the Auto Parts subindustry, NBTM New Materials Group 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.

NBTM New Materials Group Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NBTM New Materials Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where NBTM New Materials Group Co's Receivables Turnover falls into.

NBTM New Materials Group Co Receivables Turnover Calculation

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

NBTM New Materials Group 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 )
=	3861.082	/ (	(980.199	+	1079.447)	/	2 )
=	3861.082	/	1029.823
=	3.75

NBTM New Materials Group Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1102.132	/ (	(1079.447	+	1041.878)	/	2 )
=	1102.132	/	1060.6625
=	1.04

NBTM New Materials Group Co (SHSE:600114) 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.

NBTM New Materials Group Co Receivables Turnover Related Terms

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NBTM New Materials Group Co (SHSE:600114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NBTM New Materials Group Co Ltd (SHSE:600114) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Jingjiang Road, Jiangshan Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315191

Website

http://www.pm-china.com

NBTM New Materials Group Co Ltd is engaged in producing and selling powder metal structural parts and magnetic materials components in China. It provides car parts, such as car engine, auto transmission, auto chassis, and other products; new energy parts; air condition compressor and refrigerator compressor parts for home appliances; and motorcycle engines, clutches, driven gears, and other components.

Executives

Cao Yang	Director
Lu De Bao	Director
Zhu Zhi Rong	Directors, senior managers
He Ling Min	senior management
Yan Feng Mu	senior management
Xiao Ya Jun	senior management
Xu Kai	senior management
Chen Yi Zhen	Supervisors
Gu Jin	Director
Duo Tian Chang Hong	Director
Shi Xiao Di	senior management
Huang Yong Ping	senior management
Shu Zheng Ping	senior management

NBTM New Materials Group Co (SHSE:600114) Headlines

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