Chaozhou Three-Circle (Group) Co (SZSE:300408) Receivables Turnover : 0.97 (As of Mar. 2024)

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What is Chaozhou Three-Circle (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. Chaozhou Three-Circle (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥1,564 Mil. Chaozhou Three-Circle (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,613 Mil. Hence, Chaozhou Three-Circle (Group) Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.97.

Chaozhou Three-Circle (Group) Co Receivables Turnover Historical Data

The historical data trend for Chaozhou Three-Circle (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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Chaozhou Three-Circle (Group) Co Receivables Turnover Chart

Chaozhou Three-Circle (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.67

4.28

4.59

3.78

4.06

Chaozhou Three-Circle (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															0.98	1.08	1.01	1.04	0.97

Competitive Comparison of Chaozhou Three-Circle (Group) Co's Receivables Turnover

For the Electronic Components subindustry, Chaozhou Three-Circle (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.

Chaozhou Three-Circle (Group) Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chaozhou Three-Circle (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chaozhou Three-Circle (Group) Co's Receivables Turnover falls into.

Chaozhou Three-Circle (Group) Co Receivables Turnover Calculation

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

Chaozhou Three-Circle (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 )
=	5726.689	/ (	(1197.582	+	1626.598)	/	2 )
=	5726.689	/	1412.09
=	4.06

Chaozhou Three-Circle (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 )
=	1563.615	/ (	(1626.598	+	1600.191)	/	2 )
=	1563.615	/	1613.3945
=	0.97

Chaozhou Three-Circle (Group) Co (SZSE:300408) 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.

Chaozhou Three-Circle (Group) Co Receivables Turnover Related Terms

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Chaozhou Three-Circle (Group) Co (SZSE:300408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chaozhou Three-Circle (Group) Co Ltd (SZSE:300408) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sanhuan Industrial District, Fengtang, Chaozhou, Guangdong, CHN, 515646

Website

http://www.cctc.cc

Chaozhou Three-Circle (Group) Co Ltd is a China-based company engages in the field of electronic components and ceramics. Its products include fiber optic component, ceramic substrates, multilayer ceramic chip capacitor, resistors, ceramic rods, light-emitting diode ceramic package, surface mount device ceramic package, electronic-ceramic parts, mechanical structural ceramic parts, metalized ceramics, electric ceramics, fashion ceramics, ceramic blade, and aluminum nitride ceramic substrates.

Executives

Ge Yun Cheng	Supervisors
Qiu Ji Hua	Directors, executives
Wu Xiao Chun	Securities Affairs Representative
Gu Qun	Independent director
Xie Can Sheng	Directors, executives
Zhang Wei Fa	Executives
Ye Ying Qing	Supervisors
Long Yu Kun	Executives

Chaozhou Three-Circle (Group) Co (SZSE:300408) Headlines

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