Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Receivables Turnover : 3.18 (As of Mar. 2024)

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What is Chengdu Rainbow Appliance (Group) Shares 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. Chengdu Rainbow Appliance (Group) Shares Co's Revenue for the three months ended in Mar. 2024 was ¥315 Mil. Chengdu Rainbow Appliance (Group) Shares Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥99 Mil. Hence, Chengdu Rainbow Appliance (Group) Shares Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.18.

Chengdu Rainbow Appliance (Group) Shares Co Receivables Turnover Historical Data

The historical data trend for Chengdu Rainbow Appliance (Group) Shares 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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Chengdu Rainbow Appliance (Group) Shares Co Receivables Turnover Chart

Chengdu Rainbow Appliance (Group) Shares Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.52

7.60

8.57

8.47

9.34

Chengdu Rainbow Appliance (Group) Shares 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															2.12	3.73	2.25	6.87	3.18

Competitive Comparison of Chengdu Rainbow Appliance (Group) Shares Co's Receivables Turnover

For the Household & Personal Products subindustry, Chengdu Rainbow Appliance (Group) Shares 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.

Chengdu Rainbow Appliance (Group) Shares Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chengdu Rainbow Appliance (Group) Shares Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chengdu Rainbow Appliance (Group) Shares Co's Receivables Turnover falls into.

Chengdu Rainbow Appliance (Group) Shares Co Receivables Turnover Calculation

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

Chengdu Rainbow Appliance (Group) Shares 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 )
=	1293.897	/ (	(170.718	+	106.252)	/	2 )
=	1293.897	/	138.485
=	9.34

Chengdu Rainbow Appliance (Group) Shares 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 )
=	315.359	/ (	(106.252	+	91.874)	/	2 )
=	315.359	/	99.063
=	3.18

Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) 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.

Chengdu Rainbow Appliance (Group) Shares Co Receivables Turnover Related Terms

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Chengdu Rainbow Appliance (Group) Shares Co (SZSE:003023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chengdu Rainbow Appliance (Group) Shares Co Ltd (SZSE:003023) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 73, Shunjiang Section, Wuhou Avenue, Wuhou District, Sichuan Province, Chengdu, CHN, 610045

Website

http://www.rainbow.com.cn

Chengdu Rainbow Appliance (Group) Shares Co Ltd is engaged in the research and development, production and sales of household flexible heating appliances. The products offered by the company include electric blankets, electric hand warmers, and electric mosquito coil liquid, electric mosquito coils, disc mosquito coils, and insecticidal aerosols.

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