GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anhui Jing Sai Technology Co Ltd (BJSE:871981) » Definitions » Receivables Turnover

Anhui Jingi Technology Co (BJSE:871981) Receivables Turnover : 1.52 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Anhui Jingi Technology 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. Anhui Jingi Technology Co's Revenue for the three months ended in Mar. 2024 was ¥123.8 Mil. Anhui Jingi Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥81.5 Mil. Hence, Anhui Jingi Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.52.


Anhui Jingi Technology Co Receivables Turnover Historical Data

The historical data trend for Anhui Jingi Technology 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.

* Premium members only.

Anhui Jingi Technology Co Receivables Turnover Chart

Anhui Jingi Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 2.74 3.32 4.47 4.26 4.75

Anhui Jingi Technology Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.03 1.24 1.19 1.21 1.52

Competitive Comparison of Anhui Jingi Technology Co's Receivables Turnover

For the Electronic Components subindustry, Anhui Jingi Technology 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.


Anhui Jingi Technology Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anhui Jingi Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Jingi Technology Co's Receivables Turnover falls into.



Anhui Jingi Technology Co Receivables Turnover Calculation

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

Anhui Jingi Technology 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 )
=361.313 / ((72.528 + 79.62) / 2 )
=361.313 / 76.074
=4.75

Anhui Jingi Technology 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 )
=123.824 / ((79.62 + 83.378) / 2 )
=123.824 / 81.499
=1.52

* 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.


Anhui Jingi Technology Co  (BJSE:871981) 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.


Anhui Jingi Technology Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Anhui Jingi Technology Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Anhui Jingi Technology Co (BJSE:871981) Business Description

Traded in Other Exchanges
N/A
Address
No. 2569, North Tianmenshan Road, Tongling Economic and Technological Development Zone, Anhui Province, Tongling City, CHN
Anhui Jing Sai Technology Co Ltd engages in the research and development, manufacturing, and sales of quartz crystal vibration and packaging materials. Its products consist of Encapsulating Material, quartz crystal components, electronic components, electronic component packaging components, and quartz wafers.

Anhui Jingi Technology Co (BJSE:871981) Headlines

No Headlines