Tangshannyou Chemical Industries Co (SHSE:600409) Receivables Turnover : 13.88 (As of Mar. 2025)

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What is Tangshannyou Chemical Industries 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. Tangshannyou Chemical Industries Co's Revenue for the three months ended in Mar. 2025 was ¥4,765 Mil. Tangshannyou Chemical Industries Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥343 Mil. Hence, Tangshannyou Chemical Industries Co's Receivables Turnover for the three months ended in Mar. 2025 was 13.88.

Tangshannyou Chemical Industries Co Receivables Turnover Historical Data

The historical data trend for Tangshannyou Chemical Industries 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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Tangshannyou Chemical Industries Co Receivables Turnover Chart

Tangshannyou Chemical Industries Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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39.81

57.59

55.98

53.77

69.05

Tangshannyou Chemical Industries Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															12.07	11.33	10.98	14.39	13.88

Competitive Comparison of Tangshannyou Chemical Industries Co's Receivables Turnover

For the Specialty Chemicals subindustry, Tangshannyou Chemical Industries 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.

Tangshannyou Chemical Industries Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tangshannyou Chemical Industries Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tangshannyou Chemical Industries Co's Receivables Turnover falls into.

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Tangshannyou Chemical Industries Co Receivables Turnover Calculation

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

Tangshannyou Chemical Industries Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	21361.186	/ (	(369.349	+	249.402)	/	2 )
=	21361.186	/	309.3755
=	69.05

Tangshannyou Chemical Industries Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	4765.191	/ (	(249.402	+	437.436)	/	2 )
=	4765.191	/	343.419
=	13.88

Tangshannyou Chemical Industries Co (SHSE:600409) 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.

Tangshannyou Chemical Industries Co Receivables Turnover Related Terms

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Tangshannyou Chemical Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tangshan Sanyou Chemical Industries Co Ltd (SHSE:600409) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Nanbao Development Zone, Tangshan, Hebei, CHN, 063305

Website

http://www.sanyou-chem.com.cn

Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.

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