WETH (Wetouch Technology) Receivables Turnover : 1.12 (As of Jun. 2024)

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What is Wetouch Technology 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. Wetouch Technology's Revenue for the three months ended in Jun. 2024 was $12.24 Mil. Wetouch Technology's average Accounts Receivable for the three months ended in Jun. 2024 was $10.88 Mil. Hence, Wetouch Technology's Receivables Turnover for the three months ended in Jun. 2024 was 1.12.

Wetouch Technology Receivables Turnover Historical Data

The historical data trend for Wetouch Technology'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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Wetouch Technology Receivables Turnover Chart

Wetouch Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.49

2.24

4.10

4.45

4.81

Wetouch Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial														0.94	0.80	0.22	1.62	1.12

Competitive Comparison of Wetouch Technology's Receivables Turnover

For the Real Estate Services subindustry, Wetouch Technology'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.

Wetouch Technology's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wetouch Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wetouch Technology's Receivables Turnover falls into.

Wetouch Technology Receivables Turnover Calculation

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

Wetouch Technology'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 )
=	39.706	/ (	(9.058	+	7.455)	/	2 )
=	39.706	/	8.2565
=	4.81

Wetouch Technology's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	12.235	/ (	(10.938	+	10.827)	/	2 )
=	12.235	/	10.8825
=	1.12

Wetouch Technology (NAS:WETH) 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.

Wetouch Technology Receivables Turnover Related Terms

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Wetouch Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wetouch Technology Inc (NAS:WETH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500

Website

https://www.wetouchinc.com

Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface, financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The company sells touchscreen products both domestically in China and internationally, covering the majority of areas in China, Taiwan, South Korea, and Germany.