Zhangjiagang Guangda Special Material Co (SHSE:688186) Receivables Turnover : 0.79 (As of Mar. 2024)

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What is Zhangjiagang Guangda Special Material 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. Zhangjiagang Guangda Special Material Co's Revenue for the three months ended in Mar. 2024 was ¥892 Mil. Zhangjiagang Guangda Special Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,134 Mil. Hence, Zhangjiagang Guangda Special Material Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.79.

Zhangjiagang Guangda Special Material Co Receivables Turnover Historical Data

The historical data trend for Zhangjiagang Guangda Special Material 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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Zhangjiagang Guangda Special Material Co Receivables Turnover Chart

Zhangjiagang Guangda Special Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.90

5.67

5.79

4.96

4.05

Zhangjiagang Guangda Special Material 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															0.97	1.10	0.75	0.73	0.79

Competitive Comparison of Zhangjiagang Guangda Special Material Co's Receivables Turnover

For the Steel subindustry, Zhangjiagang Guangda Special Material 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.

Zhangjiagang Guangda Special Material Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhangjiagang Guangda Special Material Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhangjiagang Guangda Special Material Co's Receivables Turnover falls into.

Zhangjiagang Guangda Special Material Co Receivables Turnover Calculation

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

Zhangjiagang Guangda Special Material 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 )
=	3788.453	/ (	(802.524	+	1069.488)	/	2 )
=	3788.453	/	936.006
=	4.05

Zhangjiagang Guangda Special Material 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 )
=	892.155	/ (	(1069.488	+	1197.994)	/	2 )
=	892.155	/	1133.741
=	0.79

Zhangjiagang Guangda Special Material Co (SHSE:688186) 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.

Zhangjiagang Guangda Special Material Co Receivables Turnover Related Terms

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Zhangjiagang Guangda Special Material Co (SHSE:688186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhangjiagang Guangda Special Material Co Ltd (SHSE:688186) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Fenghuang Town, Langanqiao Development Zone, Jiangsu Province, Anqing Village, Zhangjiagang, CHN, 215614

Website

http://www.zjggdtc.com

Zhangjiagang Guangda Special Material Co Ltd is engaged in production and sale of special steel materials. The company's products include various types of castings and forgings and machine accessories: such as forged round bar, die and tool steel, wind power spindle, heavy load gear motor shaft, high pressure boiler pipe, roller, oil mechanical driller, tube-shaped forging, die block, ring forging, disk-shaped forging and all kinds of abnormal forgings. Its products are used in various industries such as wind power, chemical engineering, machinery, automobile, vessel, power station, metallurgy, mining and petrochemical.

Executives

Gu Jin Cai	senior management
Zhou Qing Chun	Core technical personnel

Zhangjiagang Guangda Special Material Co (SHSE:688186) Headlines

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