Shenzhen New Land Tool Planning and Architectural Design Co (SZSE:300778) Receivables Turnover : 0.25 (As of Mar. 2024)

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What is Shenzhen New Land Tool Planning and Architectural Design 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 New Land Tool Planning and Architectural Design Co's Revenue for the three months ended in Mar. 2024 was ¥59.2 Mil. Shenzhen New Land Tool Planning and Architectural Design Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥234.3 Mil. Hence, Shenzhen New Land Tool Planning and Architectural Design Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.25.

Shenzhen New Land Tool Planning and Architectural Design Co Receivables Turnover Historical Data

The historical data trend for Shenzhen New Land Tool Planning and Architectural Design 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 New Land Tool Planning and Architectural Design Co Receivables Turnover Chart

Shenzhen New Land Tool Planning and Architectural Design Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.72

2.85

2.34

2.09

1.19

Shenzhen New Land Tool Planning and Architectural Design 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															0.23	0.44	0.27	0.10	0.25

Competitive Comparison of Shenzhen New Land Tool Planning and Architectural Design Co's Receivables Turnover

For the Engineering & Construction subindustry, Shenzhen New Land Tool Planning and Architectural Design 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 New Land Tool Planning and Architectural Design Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen New Land Tool Planning and Architectural Design Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen New Land Tool Planning and Architectural Design Co's Receivables Turnover falls into.

Shenzhen New Land Tool Planning and Architectural Design Co Receivables Turnover Calculation

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

Shenzhen New Land Tool Planning and Architectural Design 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 )
=	292.299	/ (	(256.09	+	234.682)	/	2 )
=	292.299	/	245.386
=	1.19

Shenzhen New Land Tool Planning and Architectural Design 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 )
=	59.201	/ (	(234.682	+	233.906)	/	2 )
=	59.201	/	234.294
=	0.25

Shenzhen New Land Tool Planning and Architectural Design Co (SZSE:300778) 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 New Land Tool Planning and Architectural Design Co Receivables Turnover Related Terms

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Shenzhen New Land Tool Planning and Architectural Design Co (SZSE:300778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen New Land Tool Planning and Architectural Design Co Ltd (SZSE:300778) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

39 Qinglin Middle Road, 10th-12th Floor, New City Building, Central City, Longgang District, Guangdong, Shenzhen, CHN, 518172

Website

http://www.nlt.com.cn

Shenzhen New Land Tool Planning and Architectural Design Co Ltd is a national high-tech enterprise with comprehensive consulting and design institution in China. It is committed towards creating a systematic solution platform for urban construction, providing urban planning, architectural design, municipal design, comprehensive transportation planning, low carbon urban construction planning, landscape architecture design, land preparation and comprehensive development consulting services.

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