Jiangsunfame Polyester Material Co (SHSE:600370) Receivables Turnover : 1.66 (As of Sep. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Jiangsunfame Polyester Material 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. Jiangsunfame Polyester Material Co's Revenue for the three months ended in Sep. 2024 was ¥6,575 Mil. Jiangsunfame Polyester Material Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥3,963 Mil. Hence, Jiangsunfame Polyester Material Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.66.

Jiangsunfame Polyester Material Co Receivables Turnover Historical Data

The historical data trend for Jiangsunfame Polyester Material 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.

* Premium members only.

Jiangsunfame Polyester Material Co Receivables Turnover Chart

Jiangsunfame Polyester Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

19.15

9.58

12.12

9.40

7.38

Jiangsunfame Polyester Material 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															2.16	1.71	1.55	1.71	1.66

Competitive Comparison of Jiangsunfame Polyester Material Co's Receivables Turnover

For the Textile Manufacturing subindustry, Jiangsunfame Polyester Material 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.

Jiangsunfame Polyester Material Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jiangsunfame Polyester Material Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsunfame Polyester Material Co's Receivables Turnover falls into.

Jiangsunfame Polyester Material Co Receivables Turnover Calculation

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

Jiangsunfame Polyester Material 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 )
=	23479.291	/ (	(2920.246	+	3442.401)	/	2 )
=	23479.291	/	3181.3235
=	7.38

Jiangsunfame Polyester Material 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 )
=	6574.814	/ (	(3796.261	+	4129.186)	/	2 )
=	6574.814	/	3962.7235
=	1.66

Jiangsunfame Polyester Material Co (SHSE:600370) 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.

Jiangsunfame Polyester Material Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jiangsunfame Polyester Material Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsunfame Polyester Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiangsu Sanfame Polyester Material Co Ltd (SHSE:600370) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Sanfangxiang Village, Zhouzhuang Town, Jiangsu Province, Jiangyin, CHN, 214423

Website

http://www.jssfx.com

Jiangsu Sanfame Polyester Material Co Ltd formerly Jiangsu Sanfame Co Ltd is engaged in the production and trade of chemical fibres, polyester, and textile.

Executives

Xue Zheng Hui	Director
Sun Zhi Ming	Supervisors
Li Yi Feng	Director
Bian Yong Gang	Director
He Shi Hui	Director
Bian Hui Liang	senior management
Shu De Bao	senior management
Bian Ping Gang	Director
Bian Guo Hong	Supervisors
Bian Lin An	Director
Bian Fu Hou	Director
Liu Gang	Director
Bian Ru Qing	Supervisors

Jiangsunfame Polyester Material Co Headlines

No Headlines