Changyuan Technology Group (SHSE:600525) Receivables Turnover : 0.47 (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Changyuan Technology Group 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. Changyuan Technology Group's Revenue for the three months ended in Mar. 2024 was ¥1,649 Mil. Changyuan Technology Group's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,474 Mil. Hence, Changyuan Technology Group's Receivables Turnover for the three months ended in Mar. 2024 was 0.47.

Changyuan Technology Group Receivables Turnover Historical Data

The historical data trend for Changyuan Technology Group'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.

Changyuan Technology Group Receivables Turnover Chart

Changyuan Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.99

2.13

2.14

2.65

2.59

Changyuan Technology Group 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															0.56	0.61	0.56	0.75	0.47

Competitive Comparison of Changyuan Technology Group's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Changyuan Technology Group'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.

Changyuan Technology Group's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changyuan Technology Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Changyuan Technology Group's Receivables Turnover falls into.

Changyuan Technology Group Receivables Turnover Calculation

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

Changyuan Technology Group'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 )
=	8486.279	/ (	(3096.616	+	3445.182)	/	2 )
=	8486.279	/	3270.899
=	2.59

Changyuan Technology Group'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 )
=	1649.393	/ (	(3445.182	+	3502.544)	/	2 )
=	1649.393	/	3473.863
=	0.47

Changyuan Technology Group (SHSE:600525) 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.

Changyuan Technology Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Changyuan Technology Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Changyuan Technology Group (SHSE:600525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changyuan Technology Group Ltd (SHSE:600525) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keyuan Middle Road, Changyuan New Materials Port, Building F, 5th Floor, Nanshan District and High-tech Zone, Guangdong Province, Shenzhen, Guangdong, CHN, 518057

Website

http://www.cyg.com

Changyuan Group Ltd specializes in the research, development, and manufacturing of intelligent digitalization of industrial and power systems. The company has two product series namely, test systems and automation equipment, providing comprehensive solutions for the electronics, automotive, medical, new energy, clothing, lighting and other industries. The product portfolio includes power grid protection and automation, smart primary equipment, composite insulator, chip packaging equipment solutions, clothing intelligent equipment, and other products.

Executives

Wu Qi Quan	Director
Mao Ming Chun	Director
Wang Wei	senior management
Xu Cheng Bin	Directors, senior managers
Gu Ning	senior management
Xu Xiao Wen	Director
Lu Er Bing	Director
Ni Zhao Hua	Director
Huang Yong Wei	senior management
Xu Lan Hang	senior management
Chen Hong	Director
Zhu Qing Hong	Supervisors
Liu Dong	senior management
Yang Jian Song	senior management
Jin Zhi Yong	Director

Changyuan Technology Group (SHSE:600525) Headlines

No Headlines