Ruitai Materials Technology Co (SZSE:002066) Receivables Turnover : 1.04 (As of Mar. 2024)

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What is Ruitai Materials Technology 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. Ruitai Materials Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,136 Mil. Ruitai Materials Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,093 Mil. Hence, Ruitai Materials Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.04.

Ruitai Materials Technology Co Receivables Turnover Historical Data

The historical data trend for Ruitai Materials Technology 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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Ruitai Materials Technology Co Receivables Turnover Chart

Ruitai Materials Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.85

6.73

6.55

5.72

4.91

Ruitai Materials Technology 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															0.93	0.95	0.96	1.16	1.04

Competitive Comparison of Ruitai Materials Technology Co's Receivables Turnover

For the Building Materials subindustry, Ruitai Materials Technology 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.

Ruitai Materials Technology Co's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ruitai Materials Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ruitai Materials Technology Co's Receivables Turnover falls into.

Ruitai Materials Technology Co Receivables Turnover Calculation

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

Ruitai Materials Technology 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 )
=	4628.501	/ (	(924.228	+	962.985)	/	2 )
=	4628.501	/	943.6065
=	4.91

Ruitai Materials Technology 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 )
=	1136.321	/ (	(962.985	+	1223.76)	/	2 )
=	1136.321	/	1093.3725
=	1.04

Ruitai Materials Technology Co (SZSE:002066) 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.

Ruitai Materials Technology Co Receivables Turnover Related Terms

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Ruitai Materials Technology Co (SZSE:002066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ruitai Materials Technology Co Ltd (SZSE:002066) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.1, Wuliqiao 1st Street, Building 27, Chaoyang District, Beijing, CHN, 100024

Website

http://www.bjruitai.com

Ruitai Materials Technology Co Ltd is a China-based company engaged in the development and production of shaped and amorphous refractory materials and various types of wear-resistant materials. The company provides a fused cast, basic, alumina-silica, silica, and unshaped refractories, as well as polybasic alloyed casting balls and bars, and low chromium alloyed castings and capsules. It also provides installation and transportation services for high-temperature furnaces. It caters to the glass, cement, nonferrous, electrical and petrochemical industry.

Executives

Ma Zhen Zhu	Director
Dai Zhang You	Executives
Sun Xiang Yun	Director
Ceng Da Fan	Director
Hu Jie	Supervisors
Cheng Jie	Supervisors
Gu Su Qin	Director
Hu Jian Kun	Director

Ruitai Materials Technology Co (SZSE:002066) Headlines

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