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Do-Fluoride New Materials Co (SZSE:002407) Receivables Turnover : 1.22 (As of Mar. 2024)


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What is Do-Fluoride New Materials 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. Do-Fluoride New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥2,129 Mil. Do-Fluoride New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,749 Mil. Hence, Do-Fluoride New Materials Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.22.


Do-Fluoride New Materials Co Receivables Turnover Historical Data

The historical data trend for Do-Fluoride New Materials 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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Do-Fluoride New Materials Co Receivables Turnover Chart

Do-Fluoride New Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.78 5.09 8.70 10.62 7.07

Do-Fluoride New Materials 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.05 2.51 2.51 1.67 1.22

Competitive Comparison of Do-Fluoride New Materials Co's Receivables Turnover

For the Chemicals subindustry, Do-Fluoride New Materials 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.


Do-Fluoride New Materials Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Do-Fluoride New Materials Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Do-Fluoride New Materials Co's Receivables Turnover falls into.



Do-Fluoride New Materials Co Receivables Turnover Calculation

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

Do-Fluoride New Materials 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 )
=11936.639 / ((1293.612 + 2080.803) / 2 )
=11936.639 / 1687.2075
=7.07

Do-Fluoride New Materials 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 )
=2129.146 / ((2080.803 + 1417.458) / 2 )
=2129.146 / 1749.1305
=1.22

* 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.


Do-Fluoride New Materials Co  (SZSE:002407) 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.


Do-Fluoride New Materials Co Receivables Turnover Related Terms

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Do-Fluoride New Materials Co (SZSE:002407) Business Description

Traded in Other Exchanges
N/A
Address
Jiake Road, Zhongzhan District, Henan Province, Jiaozuo, CHN, 454191
Do-Fluoride New Materials Co Ltd, formerly Do-Fluoride Chemicals Co Ltd is engaged in the research, production, and sale of fluoride products in China. The company's products are used in the aeronautics and astronautics, electronics, and agriculture industries.
Executives
Li Yun Feng Directors, executives
Li Ling Yun Director
Li Shi Jiang Director
Han Shi Jun Directors, executives
Wang Yi Hao Supervisors
Zhao Yong Feng Executives
Hao Jian Tang Executives
Chen Xiang Ju Supervisors
Li Juan Supervisors
Yang Hua Chun Executives
Yuan Qiu Yu Securities Affairs Representative
Cheng Li Jing Executives
Xu Sui Jun Supervisors
Zhao Shuang Cheng Supervisors
Chen Yan Director

Do-Fluoride New Materials Co (SZSE:002407) Headlines

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