Guangdong Xinbao Electrical Appliances Holdings Co (SZSE:002705) Receivables Turnover : 2.23 (As of Mar. 2024)

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What is Guangdong Xinbao Electrical Appliances Holdings 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. Guangdong Xinbao Electrical Appliances Holdings Co's Revenue for the three months ended in Mar. 2024 was ¥3,474 Mil. Guangdong Xinbao Electrical Appliances Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,559 Mil. Hence, Guangdong Xinbao Electrical Appliances Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.23.

Guangdong Xinbao Electrical Appliances Holdings Co Receivables Turnover Historical Data

The historical data trend for Guangdong Xinbao Electrical Appliances Holdings 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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Guangdong Xinbao Electrical Appliances Holdings Co Receivables Turnover Chart

Guangdong Xinbao Electrical Appliances Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

8.73

9.57

9.15

10.20

10.56

Guangdong Xinbao Electrical Appliances Holdings 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															2.30	2.43	2.38	2.14	2.23

Competitive Comparison of Guangdong Xinbao Electrical Appliances Holdings Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Xinbao Electrical Appliances Holdings 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.

Guangdong Xinbao Electrical Appliances Holdings Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Xinbao Electrical Appliances Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Xinbao Electrical Appliances Holdings Co's Receivables Turnover falls into.

Guangdong Xinbao Electrical Appliances Holdings Co Receivables Turnover Calculation

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

Guangdong Xinbao Electrical Appliances Holdings 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 )
=	14646.753	/ (	(1189.104	+	1585.205)	/	2 )
=	14646.753	/	1387.1545
=	10.56

Guangdong Xinbao Electrical Appliances Holdings 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 )
=	3474.158	/ (	(1585.205	+	1531.835)	/	2 )
=	3474.158	/	1558.52
=	2.23

Guangdong Xinbao Electrical Appliances Holdings Co (SZSE:002705) 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.

Guangdong Xinbao Electrical Appliances Holdings Co Receivables Turnover Related Terms

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Guangdong Xinbao Electrical Appliances Holdings Co (SZSE:002705) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Xinbao Electrical Appliances Holdings Co Ltd (SZSE:002705) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Longzhou Road, Shunde District, Guangdong, Leliu Town, Foshan, CHN, 528322

Website

http://www.gdxinbao.cn

Guangdong Xinbao Electrical Appliances Holdings Co Ltd is a Chinese company engaged in the manufacturing, developing and selling kitchen electrical appliances, home appliances, electronic components and baby electrical appliances. The product portfolio of the company includes electric kettle, coffee maker, hand mixer, blender, toaster, bread maker, steam station, among others. The company sells the products under its own brand, Donlim. It sells its products in China, and also exports it to other countries.

Executives

Wang Wei	Directors, executives
Li Ya Ping	Supervisors
Zhu Xiao Mei	Directors, executives
Ceng Zhan Hui	Directors, executives
Yang Fang Xin	Directors, executives
Kang Xing Zhuang	Supervisors
Guo Jian Gang	Director
Huang De Cai	Executives
He De Hong	Executives
Wen Chao Dong	Director
Tong Yong Hua	Executives
Zhang Jun	Supervisors
Fang Xun	Executives
Lan Ping Qing	Executives
Pan Wei Dong	Supervisors

Guangdong Xinbao Electrical Appliances Holdings Co (SZSE:002705) Headlines

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