M-Grass Ecology And Environment (Group) Co (SZSE:300355) Receivables Turnover : 0.05 (As of Mar. 2024)

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What is M-Grass Ecology And Environment (Group) 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. M-Grass Ecology And Environment (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥163 Mil. M-Grass Ecology And Environment (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,230 Mil. Hence, M-Grass Ecology And Environment (Group) Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.05.

M-Grass Ecology And Environment (Group) Co Receivables Turnover Historical Data

The historical data trend for M-Grass Ecology And Environment (Group) 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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M-Grass Ecology And Environment (Group) Co Receivables Turnover Chart

M-Grass Ecology And Environment (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.85

1.04

1.05

0.62

0.53

M-Grass Ecology And Environment (Group) 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															0.07	0.11	0.16	0.24	0.05

Competitive Comparison of M-Grass Ecology And Environment (Group) Co's Receivables Turnover

For the Engineering & Construction subindustry, M-Grass Ecology And Environment (Group) 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.

M-Grass Ecology And Environment (Group) Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, M-Grass Ecology And Environment (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where M-Grass Ecology And Environment (Group) Co's Receivables Turnover falls into.

M-Grass Ecology And Environment (Group) Co Receivables Turnover Calculation

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

M-Grass Ecology And Environment (Group) 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 )
=	1894.149	/ (	(3882.581	+	3265.562)	/	2 )
=	1894.149	/	3574.0715
=	0.53

M-Grass Ecology And Environment (Group) 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 )
=	163.122	/ (	(3265.562	+	3195.387)	/	2 )
=	163.122	/	3230.4745
=	0.05

M-Grass Ecology And Environment (Group) Co (SZSE:300355) 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.

M-Grass Ecology And Environment (Group) Co Receivables Turnover Related Terms

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M-Grass Ecology And Environment (Group) Co (SZSE:300355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » M-Grass Ecology And Environment (Group) Co Ltd (SZSE:300355) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 71 West Yindu building B block 3 layer, Inner Mongolia City College of Hohhot, Huhehot, CHN

Website

http://www.mengcao.com

M-Grass Ecology And Environment (Group) Co Ltd, formerly Inner Mongolia M-Grass Ecology and Environment (Group) Co Ltd is an ecological restoration company. It provides services to industry in ecological restoration, water gardens, eco-ranch, pasture seed industry, and modern grass industry. Geographically operates through China.

Executives

Wang Zhao Ming	Director
Jiao Guo Shan	Director
Xu Yong Li	Director
Wang Yuan Yuan	Executives
Wang Jian Jun	Executives
Zhang Zhen Hua	Independent director
Li Jin Xia	Independent director
Xing Wen Rui	Directors, executives
Huang Fu Sheng	Executives
Guo Li Xia	Supervisors
Sun Xian Hong	Director
Zhao Yan	Director
Hao Yan Tao	Supervisors
Yang Yong Sheng	Supervisors

M-Grass Ecology And Environment (Group) Co (SZSE:300355) Headlines

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