Shenzhen Changhong Technology Co (SZSE:300151) Receivables Turnover : 1.10 (As of Mar. 2024)

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What is Shenzhen Changhong Technology 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. Shenzhen Changhong Technology Co's Revenue for the three months ended in Mar. 2024 was ¥233.4 Mil. Shenzhen Changhong Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥212.4 Mil. Hence, Shenzhen Changhong Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.10.

Shenzhen Changhong Technology Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Changhong Technology 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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Shenzhen Changhong Technology Co Receivables Turnover Chart

Shenzhen Changhong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.47

6.42

5.04

4.53

3.64

Shenzhen Changhong Technology 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															0.97	0.83	0.88	0.81	1.10

Competitive Comparison of Shenzhen Changhong Technology Co's Receivables Turnover

For the Auto Parts subindustry, Shenzhen Changhong Technology 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.

Shenzhen Changhong Technology Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shenzhen Changhong Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Changhong Technology Co's Receivables Turnover falls into.

Shenzhen Changhong Technology Co Receivables Turnover Calculation

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

Shenzhen Changhong Technology 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 )
=	931.271	/ (	(295.3	+	216.396)	/	2 )
=	931.271	/	255.848
=	3.64

Shenzhen Changhong Technology 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 )
=	233.437	/ (	(216.396	+	208.401)	/	2 )
=	233.437	/	212.3985
=	1.10

Shenzhen Changhong Technology Co (SZSE:300151) 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.

Shenzhen Changhong Technology Co Receivables Turnover Related Terms

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Shenzhen Changhong Technology Co (SZSE:300151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shenzhen Changhong Technology Co Ltd (SZSE:300151) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No 3 Jinlong Avenue, Pingshan Town, Longgang District, Shenzhen, CHN

Website

http://www.sz-changhong.com

Shenzhen Changhong Technology Co Ltd is a China-based company engaged in the manufacture and injection of plastic molds and components assembling. Its products include high-precision molds, plastic parts, medical parts and consumables, and stamping dies.

Executives

Li Huan Chang	Directors, executives
Yu Han Chang	Supervisors
Xu Yan Ping	Directors, executives
Zhou Guo Quan	Executives
Zhao A Rong	Supervisors
Hua Shou Fu	Directors, executives
Liu Jun	Secretary Dong
Zhang Tai	Supervisors
Guan Feng Xing	Supervisors
Tan Long Quan	Directors, executives

Shenzhen Changhong Technology Co (SZSE:300151) Headlines

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