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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. Tongwei Co's Revenue for the
three
months ended in Mar. 2026 was ¥12,125 Mil. Tongwei Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥7,077 Mil.
Hence, Tongwei Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.71.
Tongwei Co (SHSE:600438) 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.
Tongwei Co Receivables Turnover Related Terms
Tongwei Co Receivables Turnover Historical Data
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The historical data trend for Tongwei 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:600438 vs FSLR, NXT, ENPH: Receivables Turnover Comparison
For the Solar subindustry, Tongwei 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.
Tongwei Co Receivables Turnover vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tongwei Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Tongwei 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.
Tongwei Co (SHSE:600438) has a Receivables Turnover of 1.71 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 Tongwei Co and its competitors. According to the industry distribution chart, Tongwei Co ranks #125 out of 1018 companies in the Semiconductors industry, placing it in the top 12.3%.
Is Tongwei Co's Receivables Turnover too high?
Tongwei Co's current Receivables Turnover is 1.71. The Semiconductors industry median Receivables Turnover is 5.82. Tongwei Co's value of 1.71 is 70.6% below this industry median. Based on the distribution chart, Tongwei Co ranks #125 out of 1018 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Tongwei Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tongwei Co's Receivables Turnover compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Tongwei Co ranks #125 out of 1018 companies for Receivables Turnover. This places Tongwei Co in the top 12% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.82. Tongwei Co's value of 1.71 is 70.6% 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 a Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.82, based on 1,018 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. Tongwei Co's current Receivables Turnover of 1.71 is 70.6% 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 Tongwei Co and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongwei Co's current Receivables Turnover is 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongwei Co stock overvalued right now?
Based on GuruFocus' analysis, Tongwei Co (SHSE:600438) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥18.39, compared to a current price of ¥13.08 — trading 28.9% below its estimated fair value. The current Receivables Turnover is 1.71 and 70.6% below the Semiconductors industry median of 5.82. Tongwei Co's overall GF Score™ is 64/100 with 8 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 Tongwei Co (SHSE:600438), the current Receivables Turnover is 1.71 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 Tongwei Co (SHSE:600438) Overvalued in 2026?
Based on GuruFocus' analysis, Tongwei Co stock appears to be undervalued.
The current stock price of ¥13.08 is trading 28.9% below its estimated GF Value™ of ¥18.39.
GuruFocus considers Tongwei Co to be Modestly Undervalued.
Key valuation signals for SHSE:600438:
Receivables Turnover: 1.71
GF Value™: ¥18.39 vs. price of ¥13.08 (28.9% below fair value)
Industry Position: 70.6% below the Semiconductors median (#125 of 1018)
No single metric tells the full story. See the SHSE:600438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongwei is the world's largest polysilicon producer and a leading solar cell and module supplier. The solar business contributed more than 60% of revenue in 2025. In addition, Tongwei runs a feed and food business, which made up 35% of revenue in 2025.
64GF Score
Get the complete analysis for SHSE:600438
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