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Shennan Circuits Co (SZSE:002916) Receivables Turnover : 1.23 (As of Mar. 2024)


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What is Shennan Circuits 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. Shennan Circuits Co's Revenue for the three months ended in Mar. 2024 was ¥3,961 Mil. Shennan Circuits Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,229 Mil. Hence, Shennan Circuits Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.23.


Shennan Circuits Co Receivables Turnover Historical Data

The historical data trend for Shennan Circuits 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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Shennan Circuits Co Receivables Turnover Chart

Shennan Circuits 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 5.74 5.60 5.83 5.09 4.62

Shennan Circuits 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 1.07 1.21 1.12 1.30 1.23

Competitive Comparison of Shennan Circuits Co's Receivables Turnover

For the Electronic Components subindustry, Shennan Circuits 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.


Shennan Circuits Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shennan Circuits Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shennan Circuits Co's Receivables Turnover falls into.



Shennan Circuits Co Receivables Turnover Calculation

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

Shennan Circuits 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 )
=13526.426 / ((2770.152 + 3090.656) / 2 )
=13526.426 / 2930.404
=4.62

Shennan Circuits 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 )
=3961.014 / ((3090.656 + 3367.044) / 2 )
=3961.014 / 3228.85
=1.23

* 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.


Shennan Circuits Co  (SZSE:002916) 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.


Shennan Circuits Co Receivables Turnover Related Terms

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Shennan Circuits Co (SZSE:002916) Business Description

Traded in Other Exchanges
N/A
Address
No. 99, Qiao Cheng EAST Road, Nanshan District, Shenzhen, CHN
Shennan Circuits Co Ltd is a China-based printed circuit board and the packaging substrate manufacturer. The company operates in five business divisions including design services, printed circuit board, printed circuit board assembly, the package substrate, and laminated busbar. It provides products and services for the communication equipment manufacturers, aeronautics, and astronautics electronic manufacturers.
Executives
Wang Cheng Yong Executives
Zhang Li Jun Directors, executives
Yang Zhi Cheng Director
Zhang Li Hua Executives
Gong Jian Executives
Zhou Jin Qun Directors, executives
Xie Yan Hong Supervisors

Shennan Circuits Co (SZSE:002916) Headlines

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