JKS (JinkoSolar Holding Co) Receivables Turnover : 1.30 (As of Sep. 2024)

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What is JinkoSolar Holding 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. JinkoSolar Holding Co's Revenue for the three months ended in Sep. 2024 was $3,464 Mil. JinkoSolar Holding Co's average Accounts Receivable for the three months ended in Sep. 2024 was $2,657 Mil. Hence, JinkoSolar Holding Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.30.

JinkoSolar Holding Co Receivables Turnover Historical Data

The historical data trend for JinkoSolar Holding 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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JinkoSolar Holding Co Receivables Turnover Chart

JinkoSolar Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.95

6.79

6.63

6.64

5.91

JinkoSolar Holding Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.33	1.36	1.07	1.25	1.30

Competitive Comparison of JinkoSolar Holding Co's Receivables Turnover

For the Solar subindustry, JinkoSolar Holding 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.

JinkoSolar Holding Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, JinkoSolar Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where JinkoSolar Holding Co's Receivables Turnover falls into.

JinkoSolar Holding Co Receivables Turnover Calculation

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

JinkoSolar Holding 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 )
=	16621.186	/ (	(2411.835	+	3215.413)	/	2 )
=	16621.186	/	2813.624
=	5.91

JinkoSolar Holding 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 )
=	3463.573	/ (	(2534.473	+	2779.828)	/	2 )
=	3463.573	/	2657.1505
=	1.30

JinkoSolar Holding Co (NYSE:JKS) 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.

JinkoSolar Holding Co Receivables Turnover Related Terms

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JinkoSolar Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JinkoSolar Holding Co Ltd (NYSE:JKS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JKS:Mexico 0JOX:UK ZJS1:Germany JKS:Austria

Address

1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100

Website

https://www.jinkosolar.com/en

JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's products include Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.