Shang Gong Group Co (SHSE:900924) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is Shang Gong 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. Shang Gong Group Co's Revenue for the three months ended in Mar. 2024 was $151.1 Mil. Shang Gong Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was $113.2 Mil. Hence, Shang Gong Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

Shang Gong Group Co Receivables Turnover Historical Data

The historical data trend for Shang Gong 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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Shang Gong Group Co Receivables Turnover Chart

Shang Gong Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.66

5.58

5.67

5.14

5.36

Shang Gong 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															1.23	1.16	1.20	1.46	1.34

Competitive Comparison of Shang Gong Group Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Shang Gong 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.

Shang Gong Group Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shang Gong Group Co's Receivables Turnover falls into.

Shang Gong Group Co Receivables Turnover Calculation

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

Shang Gong 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 )
=	530.809	/ (	(96.474	+	101.563)	/	2 )
=	530.809	/	99.0185
=	5.36

Shang Gong 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 )
=	151.109	/ (	(101.563	+	124.738)	/	2 )
=	151.109	/	113.1505
=	1.34

Shang Gong Group Co (SHSE:900924) 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.

Shang Gong Group Co Receivables Turnover Related Terms

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Shang Gong Group Co (SHSE:900924) Business Description

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600843:China

Address

No.1566, New JinQiao Road, 3rd Floor, Pudong New Aear, Shanghai, CHN, 201206

Website

https://www.sgsbgroup.com

Shang Gong Group Co Ltd is engaged in research & development, production, sale, and maintenance of sewing machines and spare parts in China. It is also engaged in the production of auto parts, office equipment, and related trading businesses. The company provides high-end sewing products for famous automakers like Mercedes-Benz, BMW, Audi, and General Motors; in aerospace and new material fields also have large customers including Boeing, Airbus, and COMAC. It owns manufacturing enterprises in China, Germany, the Czech Republic, and Romania, and its sales network has spread across the world. Its household sewing machine brands - Butterfly, Flyman, and Bee are widely known in China and sold to overseas markets.

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