Jiangsu Keqiang New Materials Co (BJSE:873665) Receivables Turnover : 0.35 (As of Mar. 2024)

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What is Jiangsu Keqiang New Materials 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. Jiangsu Keqiang New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥79.3 Mil. Jiangsu Keqiang New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥224.5 Mil. Hence, Jiangsu Keqiang New Materials Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.35.

Jiangsu Keqiang New Materials Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Keqiang New Materials 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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Jiangsu Keqiang New Materials Co Receivables Turnover Chart

Jiangsu Keqiang New Materials Co Annual Data

Trend

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.34

1.79

1.81

1.82

1.94

Jiangsu Keqiang New Materials Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													0.47	0.48	0.42	0.42	0.35

Competitive Comparison of Jiangsu Keqiang New Materials Co's Receivables Turnover

For the Specialty Chemicals subindustry, Jiangsu Keqiang New Materials 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.

Jiangsu Keqiang New Materials Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Keqiang New Materials Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Keqiang New Materials Co's Receivables Turnover falls into.

Jiangsu Keqiang New Materials Co Receivables Turnover Calculation

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

Jiangsu Keqiang New Materials 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 )
=	349.649	/ (	(144.187	+	216.891)	/	2 )
=	349.649	/	180.539
=	1.94

Jiangsu Keqiang New Materials 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 )
=	79.262	/ (	(216.891	+	232.207)	/	2 )
=	79.262	/	224.549
=	0.35

Jiangsu Keqiang New Materials Co (BJSE:873665) 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.

Jiangsu Keqiang New Materials Co Receivables Turnover Related Terms

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Jiangsu Keqiang New Materials Co (BJSE:873665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Keqiang New Materials Co Ltd (BJSE:873665) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 1, Xiasheng Road, Qiaoqi Industrial Park, Jiangyin, CHN

Website

http://www.keqiangtape.com

Jiangsu Keqiang New Materials Co Ltd is a company engaged in research & development, production and sales of special high-performance rubber (cloth, plate, belt) products, providing global customers with system solutions in the fields of sealing, buffering, anti-corrosion, transmission and other fields. The main products include train windshield fabrics, silicone sheets for photovoltaic module laminators, rubber sealing parts for storage tanks, lightweight rubber conveyor belts, etc.

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