Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Receivables Turnover : 0.49 (As of Sep. 2024)

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What is Wuxi Dingbang Heat Exchange Equipment 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. Wuxi Dingbang Heat Exchange Equipment Co's Revenue for the three months ended in Sep. 2024 was ¥95.1 Mil. Wuxi Dingbang Heat Exchange Equipment Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥194.7 Mil. Hence, Wuxi Dingbang Heat Exchange Equipment Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.49.

Wuxi Dingbang Heat Exchange Equipment Co Receivables Turnover Historical Data

The historical data trend for Wuxi Dingbang Heat Exchange Equipment 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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Wuxi Dingbang Heat Exchange Equipment Co Receivables Turnover Chart

Wuxi Dingbang Heat Exchange Equipment Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.58

3.68

3.30

3.23

3.60

Wuxi Dingbang Heat Exchange Equipment Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.64	0.82	0.82	0.62	0.49

Competitive Comparison of Wuxi Dingbang Heat Exchange Equipment Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Wuxi Dingbang Heat Exchange Equipment 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.

Wuxi Dingbang Heat Exchange Equipment Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Dingbang Heat Exchange Equipment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wuxi Dingbang Heat Exchange Equipment Co's Receivables Turnover falls into.

Wuxi Dingbang Heat Exchange Equipment Co Receivables Turnover Calculation

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

Wuxi Dingbang Heat Exchange Equipment 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 )
=	438.445	/ (	(124.254	+	119.473)	/	2 )
=	438.445	/	121.8635
=	3.60

Wuxi Dingbang Heat Exchange Equipment Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	95.099	/ (	(195.987	+	193.315)	/	2 )
=	95.099	/	194.651
=	0.49

Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) 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.

Wuxi Dingbang Heat Exchange Equipment Co Receivables Turnover Related Terms

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Wuxi Dingbang Heat Exchange Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Dingbang Heat Exchange Equipment Co Ltd (BJSE:872931) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Houshan South Road, No. 29, Anzhen Town, Xishan District, Jiangsu Province, Wuxi City, CHN, 214104

Website

http://www.ding-bang.com.cn

Wuxi Dingbang Heat Exchange Equipment Co Ltd is engaged in research and development, design, manufacturing and sales of special heat exchange equipment for oil refining and chemical industry. Its products includes various tube heat exchangers, spiral baffle heat exchangers, air-cooled heat exchangers (air coolers), plate-bundle heat exchangers and A2 pressure vessels, as well as planetary differential start of oil extraction machines.

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