China Jushi Co (SHSE:600176) Receivables Turnover : 1.79 (As of Mar. 2024)

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What is China Jushi 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. China Jushi Co's Revenue for the three months ended in Mar. 2024 was ¥3,382 Mil. China Jushi Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,887 Mil. Hence, China Jushi Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.79.

China Jushi Co Receivables Turnover Historical Data

The historical data trend for China Jushi 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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China Jushi Co Receivables Turnover Chart

China Jushi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.00

9.38

13.69

12.08

9.70

China Jushi Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.98	1.89	1.58	1.85	1.79

Competitive Comparison of China Jushi Co's Receivables Turnover

For the Building Materials subindustry, China Jushi 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.

China Jushi Co's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, China Jushi Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Jushi Co's Receivables Turnover falls into.

China Jushi Co Receivables Turnover Calculation

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

China Jushi 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 )
=	14875.802	/ (	(1589.889	+	1476.541)	/	2 )
=	14875.802	/	1533.215
=	9.70

China Jushi 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 )
=	3382.461	/ (	(1476.541	+	2296.839)	/	2 )
=	3382.461	/	1886.69
=	1.79

China Jushi Co (SHSE:600176) 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.

China Jushi Co Receivables Turnover Related Terms

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China Jushi Co (SHSE:600176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Jushi Co Ltd (SHSE:600176) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 669 South China Wen Road, Tongxiang Economic Development Zone, Zhejiang Province, Tongxiang, CHN, 314500

Website

http://www.jushi.com

China Jushi Co Ltd is a manufacturer of glass fiber and related products. It is also engaged in the development and operation of the commercial real estate, residential chain management, and logistics businesses. The company has a range of reinforcement fiberglass products and specifications, mainly including E-glass and C-glass rovings, chopped strands, powder and emulsion chopped strand mats, and woven rovings. In addition, the company also provides testing services for testing glass, mineral raw materials, fiberglass and its articles, fiberglass reinforced composites, chemical raw materials, sewage, waste gas and packaging materials.

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