Zhejiang Shibao Co (HKSE:01057) Receivables Turnover : 0.65 (As of Mar. 2025)

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What is Zhejiang Shibao 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. Zhejiang Shibao Co's Revenue for the three months ended in Mar. 2025 was HK$770 Mil. Zhejiang Shibao Co's average Accounts Receivable for the three months ended in Mar. 2025 was HK$1,177 Mil. Hence, Zhejiang Shibao Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.65.

Zhejiang Shibao Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Shibao 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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Zhejiang Shibao Co Receivables Turnover Chart

Zhejiang Shibao Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.15

3.37

3.18

3.09

2.88

Zhejiang Shibao Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.70	0.81	0.77	0.82	0.65

Competitive Comparison of Zhejiang Shibao Co's Receivables Turnover

For the Auto Parts subindustry, Zhejiang Shibao 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.

Zhejiang Shibao Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Shibao Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Shibao Co's Receivables Turnover falls into.

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Zhejiang Shibao Co Receivables Turnover Calculation

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

Zhejiang Shibao Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	2875.742	/ (	(784.872	+	1210.718)	/	2 )
=	2875.742	/	997.795
=	2.88

Zhejiang Shibao Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	769.642	/ (	(1210.718	+	1142.444)	/	2 )
=	769.642	/	1176.581
=	0.65

Zhejiang Shibao Co (HKSE:01057) 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.

Zhejiang Shibao Co Receivables Turnover Related Terms

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Zhejiang Shibao Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Shibao Co Ltd (HKSE:01057) » Definitions » Receivables Turnover

Traded in Other Exchanges

W4K1:Germany 002703:China

Address

228 Queen’s Road East, Unit C, 5th Floor, Jonsim Place, Wanchai, Hong Kong, HKG

Website

http://www.zjshibao.com

Zhejiang Shibao Co Ltd is into the research and development of automotive steering gear products and is mainly engaged in the development, design, manufacture, and sales of automotive steering gears and other key components and parts of the steering system. Company have five production sites in Hangzhou, Yiwu, Siping and Wuhu, as well as a group research institute in Hangzhou and an automotive intelligent technology research and development center in Beijing. The Company is capable to provide all kinds of steering products for commercial cars, passenger cars and new energy cars. The company derives a majority of its revenue domestically from China.

Executives

Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you

Zhejiang Shibao Co Headlines

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