Guangdong LingXiao Pump Industry Co (SZSE:002884) Receivables Turnover : 2.02 (As of Mar. 2024)

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What is Guangdong LingXiao Pump Industry 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 LingXiao Pump Industry Co's Revenue for the three months ended in Mar. 2024 was ¥325 Mil. Guangdong LingXiao Pump Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥161 Mil. Hence, Guangdong LingXiao Pump Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.02.

Guangdong LingXiao Pump Industry Co Receivables Turnover Historical Data

The historical data trend for Guangdong LingXiao Pump Industry 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 LingXiao Pump Industry Co Receivables Turnover Chart

Guangdong LingXiao Pump Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.76

16.71

13.05

9.37

9.97

Guangdong LingXiao Pump Industry 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															2.34	2.66	2.52	2.55	2.02

Competitive Comparison of Guangdong LingXiao Pump Industry Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Guangdong LingXiao Pump Industry 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 LingXiao Pump Industry Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong LingXiao Pump Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong LingXiao Pump Industry Co's Receivables Turnover falls into.

Guangdong LingXiao Pump Industry Co Receivables Turnover Calculation

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

Guangdong LingXiao Pump Industry 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 )
=	1315.57	/ (	(108.509	+	155.32)	/	2 )
=	1315.57	/	131.9145
=	9.97

Guangdong LingXiao Pump Industry 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 )
=	324.787	/ (	(155.32	+	166.924)	/	2 )
=	324.787	/	161.122
=	2.02

Guangdong LingXiao Pump Industry Co (SZSE:002884) 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 LingXiao Pump Industry Co Receivables Turnover Related Terms

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Guangdong LingXiao Pump Industry Co (SZSE:002884) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong LingXiao Pump Industry Co Ltd (SZSE:002884) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Spring Road, No. 117, Spring Town, Guangdong Province, Yangchun City, CHN, 529600

Website

http://www.lingxiao.com.cn

Guangdong LingXiao Pump Industry Co Ltd is a manufacturer of small household electric pump and industry support electric pump in China. The product range comprises hydromassage pump, swimming pool pump, SPA pump, stainless centrifugal pump, clean water pump, submersible pump, industry in-line pump, and variable frequency constant pressure water supply equipment. The company also exports its products to over 100 countries or regions worldwide.

Executives

Lu Feng Juan	Executives
Wang Hai Bo	Directors, executives
Qiu Yan Fei	Securities Affairs Representative
Liu Zi Geng	Secretary, Director
Chen Jia Chao	Directors, executives
Li Guang Yong	Directors, executives

Guangdong LingXiao Pump Industry Co (SZSE:002884) Headlines

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