Est Tools Co (SZSE:300488) Receivables Turnover : 0.76 (As of Mar. 2024)

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What is Est Tools 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. Est Tools Co's Revenue for the three months ended in Mar. 2024 was ¥124.8 Mil. Est Tools Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥164.6 Mil. Hence, Est Tools Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.76.

Est Tools Co Receivables Turnover Historical Data

The historical data trend for Est Tools 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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Est Tools Co Receivables Turnover Chart

Est Tools Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.15

3.27

4.34

3.89

3.59

Est Tools 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															0.72	0.90	0.73	0.94	0.76

Competitive Comparison of Est Tools Co's Receivables Turnover

For the Tools & Accessories subindustry, Est Tools 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.

Est Tools Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Est Tools Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Est Tools Co's Receivables Turnover falls into.

Est Tools Co Receivables Turnover Calculation

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

Est Tools 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 )
=	561.206	/ (	(153.621	+	158.774)	/	2 )
=	561.206	/	156.1975
=	3.59

Est Tools 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 )
=	124.761	/ (	(158.774	+	170.474)	/	2 )
=	124.761	/	164.624
=	0.76

Est Tools Co (SZSE:300488) 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.

Est Tools Co Receivables Turnover Related Terms

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Est Tools Co (SZSE:300488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Est Tools Co Ltd (SZSE:300488) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 239 Xinqiao North Road, Wuyuan Town, Zhejiang Province, Jiaxing, CHN, 314300

Website

http://www.esttools.com

Est Tools Co Ltd is engaged the company is engaged in the research and development, production and sales of machine tools. The products mainly include precision complex, miscellaneous tools, spline measuring tools, precision cutting tools, and other metal cutting tools and high-precision measuring instruments. The company also offer edge measuring tools, including thread cutters, spline gages, and molding cutters.

Executives

Xu Jian Wei	Supervisors
Hu Jin Qiu	Securities Affairs Representative
Chen Er Rong	Director
Zheng Ji Liang	Executives
Zhou Yao Juan	Executives
He Qin Song	Executives
Yao Hai Feng	Executives

Est Tools Co (SZSE:300488) Headlines

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