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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. Shandong Iron & Steel Co's Revenue for the
three
months ended in Mar. 2026 was ¥14,726 Mil. Shandong Iron & Steel Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥1,281 Mil.
Hence, Shandong Iron & Steel Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 11.50.
Shandong Iron & Steel Co (SHSE:600022) 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.
Shandong Iron & Steel Co Receivables Turnover Related Terms
Shandong Iron & Steel Co Receivables Turnover Historical Data
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The historical data trend for Shandong Iron & Steel 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.
Shandong Iron & Steel Co Receivables Turnover Chart
SHSE:600022 vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, Shandong Iron & Steel 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.
Shandong Iron & Steel Co Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Shandong Iron & Steel Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Shandong Iron & Steel Co's Receivables Turnover falls into.
* 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.
Shandong Iron & Steel Co (SHSE:600022) has a Receivables Turnover of 11.50 as of Mar. 2026. The accounts 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. View historical data on Shandong Iron & Steel Co and its competitors. According to the industry distribution chart, Shandong Iron & Steel Co ranks #33 out of 605 companies in the Steel industry, placing it in the top 5.5%.
Is Shandong Iron & Steel Co's Receivables Turnover too high?
Shandong Iron & Steel Co's current Receivables Turnover is 11.50. The Steel industry median Receivables Turnover is 7.13. Shandong Iron & Steel Co's value of 11.50 is 61.3% above this industry median. Based on the distribution chart, Shandong Iron & Steel Co ranks #33 out of 605 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Iron & Steel Co has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Iron & Steel Co's Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, Shandong Iron & Steel Co ranks #33 out of 605 companies for Receivables Turnover. This places Shandong Iron & Steel Co in the top 6% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 7.13. Shandong Iron & Steel Co's value of 11.50 is 61.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Steel company?
The median Receivables Turnover among Steel companies is 7.13, based on 605 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shandong Iron & Steel Co's current Receivables Turnover of 11.50 is 61.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Shandong Iron & Steel Co and its competitors. For the Steel industry, the median Receivables Turnover is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Iron & Steel Co's current Receivables Turnover is 11.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Iron & Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Iron & Steel Co (SHSE:600022) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.11, compared to a current price of ¥1.32 — trading 18.9% above its estimated fair value. The current Receivables Turnover is 11.50 and 61.3% above the Steel industry median of 7.13. Shandong Iron & Steel Co's overall GF Score™ is 47/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Shandong Iron & Steel Co (SHSE:600022), the current Receivables Turnover is 11.50 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shandong Iron & Steel Co (SHSE:600022) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Iron & Steel Co stock appears to be overvalued.
The current stock price of ¥1.32 is trading 18.9% above its estimated GF Value™ of ¥1.11.
GuruFocus considers Shandong Iron & Steel Co to be Modestly Overvalued.
Key valuation signals for SHSE:600022:
Receivables Turnover: 11.50
GF Value™: ¥1.11 vs. price of ¥1.32 (18.9% above fair value)
Industry Position: 61.3% above the Steel median (#33 of 605)
No single metric tells the full story. See the SHSE:600022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.
47GF Score
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