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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. Ningbo United Group Co's Revenue for the
three
months ended in Mar. 2026 was ¥149 Mil. Ningbo United Group Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥388 Mil.
Hence, Ningbo United Group Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.38.
Ningbo United Group Co (SHSE:600051) 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.
Ningbo United Group Co Receivables Turnover Related Terms
Ningbo United Group Co Receivables Turnover Historical Data
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The historical data trend for Ningbo United Group 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.
SHSE:600051 vs GWW, FAST, FERG: Receivables Turnover Comparison
For the Industrial Distribution subindustry, Ningbo United Group 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.
Ningbo United Group Co Receivables Turnover vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Ningbo United Group Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Ningbo United Group 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.
Ningbo United Group Co (SHSE:600051) has a Receivables Turnover of 0.38 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 Ningbo United Group Co and its competitors. According to the industry distribution chart, Ningbo United Group Co ranks #142 out of 158 companies in the Industrial Distribution industry, placing it in the top 89.9%.
Is Ningbo United Group Co's Receivables Turnover too high?
Ningbo United Group Co's current Receivables Turnover is 0.38. The Industrial Distribution industry median Receivables Turnover is 5.94. Ningbo United Group Co's value of 0.38 is 93.6% below this industry median. Based on the distribution chart, Ningbo United Group Co ranks #142 out of 158 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Ningbo United Group Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo United Group Co's Receivables Turnover compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Ningbo United Group Co ranks #142 out of 158 companies for Receivables Turnover. This places Ningbo United Group Co in the lower half of its industry. The industry median Receivables Turnover is 5.94. Ningbo United Group Co's value of 0.38 is 93.6% below 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 an Industrial Distribution company?
The median Receivables Turnover among Industrial Distribution companies is 5.94, based on 158 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. Ningbo United Group Co's current Receivables Turnover of 0.38 is 93.6% below 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 Ningbo United Group Co and its competitors. For the Industrial Distribution industry, the median Receivables Turnover is 5.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo United Group Co's current Receivables Turnover is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo United Group Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo United Group Co (SHSE:600051) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.20, compared to a current price of ¥6.06 — trading 44.3% above its estimated fair value. The current Receivables Turnover is 0.38 and 93.6% below the Industrial Distribution industry median of 5.94. Ningbo United Group Co's overall GF Score™ is 49/100 with 7 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 Ningbo United Group Co (SHSE:600051), the current Receivables Turnover is 0.38 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 Ningbo United Group Co (SHSE:600051) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo United Group Co stock appears to be overvalued.
The current stock price of ¥6.06 is trading 44.3% above its estimated GF Value™ of ¥4.20.
GuruFocus considers Ningbo United Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:600051:
Receivables Turnover: 0.38
GF Value™: ¥4.20 vs. price of ¥6.06 (44.3% above fair value)
Industry Position: 93.6% below the Industrial Distribution median (#142 of 158)
No single metric tells the full story. See the SHSE:600051 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo United Group Co Ltd is engaged in the development, manufacturing of energy, transportation, communications, municipal infrastructure, environmental protection equipment, instruments, general machinery, and electrical products.
49GF Score
Get the complete analysis for SHSE:600051
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