Atlantic China Welding Consumables (SHSE:600558) Receivables Turnover : 3.80 (As of Mar. 2024)

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What is Atlantic China Welding Consumables 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. Atlantic China Welding Consumables's Revenue for the three months ended in Mar. 2024 was ¥985 Mil. Atlantic China Welding Consumables's average Accounts Receivable for the three months ended in Mar. 2024 was ¥259 Mil. Hence, Atlantic China Welding Consumables's Receivables Turnover for the three months ended in Mar. 2024 was 3.80.

Atlantic China Welding Consumables Receivables Turnover Historical Data

The historical data trend for Atlantic China Welding Consumables'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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Atlantic China Welding Consumables Receivables Turnover Chart

Atlantic China Welding Consumables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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22.15

23.84

23.90

18.99

20.01

Atlantic China Welding Consumables 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															3.31	2.52	2.38	2.92	3.80

Competitive Comparison of Atlantic China Welding Consumables's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Atlantic China Welding Consumables'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.

Atlantic China Welding Consumables's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atlantic China Welding Consumables's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Atlantic China Welding Consumables's Receivables Turnover falls into.

Atlantic China Welding Consumables Receivables Turnover Calculation

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

Atlantic China Welding Consumables'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 )
=	3438.366	/ (	(186.905	+	156.693)	/	2 )
=	3438.366	/	171.799
=	20.01

Atlantic China Welding Consumables'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 )
=	984.605	/ (	(156.693	+	361.548)	/	2 )
=	984.605	/	259.1205
=	3.80

Atlantic China Welding Consumables (SHSE:600558) 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.

Atlantic China Welding Consumables Receivables Turnover Related Terms

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Atlantic China Welding Consumables (SHSE:600558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atlantic China Welding Consumables Inc (SHSE:600558) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 2 Machongkou Street, Da'an District, Zigong, Sichuan, CHN, 643010

Website

http://www.weldatlantic.com

Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. Its products include mild steel electrodes, cellulose electrodes, high toughness electrodes, low alloy steel electrodes, hard facing electrodes, stainless steel electrodes, low-temperature steel electrodes, Mo and Cr-Mo heat resistant steel electrodes, and cast-iron electrodes. The company's products are widely used in power station boilers, pressure vessels, nuclear and space industries, bridges, ships, vehicles, petroleum and chemical industry, hydropower and thermal power stations.

Executives

Yang Fang	Supervisors
Lan Kun	Director

Atlantic China Welding Consumables (SHSE:600558) Headlines

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