Zhejiang Tengen Electric Co (SHSE:605066) Receivables Turnover : 0.82 (As of Mar. 2024)

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What is Zhejiang Tengen Electric 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. Zhejiang Tengen Electric Co's Revenue for the three months ended in Mar. 2024 was ¥668 Mil. Zhejiang Tengen Electric Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥816 Mil. Hence, Zhejiang Tengen Electric Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.82.

Zhejiang Tengen Electric Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Tengen Electric 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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Zhejiang Tengen Electric Co Receivables Turnover Chart

Zhejiang Tengen Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.58

3.50

3.69

3.19

3.71

Zhejiang Tengen Electric 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															0.81	0.88	0.87	0.92	0.82

Competitive Comparison of Zhejiang Tengen Electric Co's Receivables Turnover

For the Electronic Components subindustry, Zhejiang Tengen Electric 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.

Zhejiang Tengen Electric Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Tengen Electric Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Tengen Electric Co's Receivables Turnover falls into.

Zhejiang Tengen Electric Co Receivables Turnover Calculation

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

Zhejiang Tengen Electric 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 )
=	2878.934	/ (	(718.632	+	831.883)	/	2 )
=	2878.934	/	775.2575
=	3.71

Zhejiang Tengen Electric 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 )
=	667.878	/ (	(831.883	+	799.744)	/	2 )
=	667.878	/	815.8135
=	0.82

Zhejiang Tengen Electric Co (SHSE:605066) 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.

Zhejiang Tengen Electric Co Receivables Turnover Related Terms

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Zhejiang Tengen Electric Co (SHSE:605066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Tengen Electric Co Ltd (SHSE:605066) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Sulu Industrial Zone, Liushi Town, Zhejiang Province, Yueqing, CHN, 325604

Website

http://www.tengen.com

Zhejiang Tengen Electric Co Ltd is engaged in production and sales of low-voltage electrical products such as power distribution appliances, control appliances, terminal appliances, power appliances, and instrument appliances. The company produces industrial electrical products such as low-voltage power distribution and industrial control electrical appliances, smart meters, power supplies, frequency converters, high-voltage electrical appliances, and construction electrical appliances, for electric power, communications, new energy, industrial and civil construction, metallurgy, petrochemical, machinery manufacturing.

Executives

Zhu Xing Bing

Director

Zhejiang Tengen Electric Co (SHSE:605066) Headlines

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