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Fangda Carbon New Material Co (SHSE:600516) Receivables Turnover : 1.40 (As of Sep. 2024)


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What is Fangda Carbon New 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. Fangda Carbon New Material Co's Revenue for the three months ended in Sep. 2024 was ¥799 Mil. Fangda Carbon New Material Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥572 Mil. Hence, Fangda Carbon New Material Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.40.


Fangda Carbon New Material Co Receivables Turnover Historical Data

The historical data trend for Fangda Carbon New 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.

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Fangda Carbon New Material Co Receivables Turnover Chart

Fangda Carbon New Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.25 9.40 9.82 9.80 9.45

Fangda Carbon New 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.83 2.01 2.31 1.53 1.40

Competitive Comparison of Fangda Carbon New Material Co's Receivables Turnover

For the Electronic Components subindustry, Fangda Carbon New 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.


Fangda Carbon New Material Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fangda Carbon New Material Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fangda Carbon New Material Co's Receivables Turnover falls into.



Fangda Carbon New Material Co Receivables Turnover Calculation

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

Fangda Carbon New 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 )
=5131.909 / ((531.774 + 554.633) / 2 )
=5131.909 / 543.2035
=9.45

Fangda Carbon New 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 )
=798.987 / ((615.726 + 528.088) / 2 )
=798.987 / 571.907
=1.40

* 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.


Fangda Carbon New Material Co  (SHSE:600516) 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.


Fangda Carbon New Material Co Receivables Turnover Related Terms

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Fangda Carbon New Material Co Business Description

Traded in Other Exchanges
N/A
Address
No. 11 Tansu Road, Haishiwan Town, Honggu District, Gansu Province, Lanzhou, CHN, 730084
Fangda Carbon New Material Co Ltd is a China-based company engaged in the production and sales of graphite and carbon products. Its main products include ultra-high power, high power and common power graphite electrodes, microporous carbon bricks, semi-graphite carbon bricks, aluminum carbon bricks, isostatic graphite products, special graphite products, biological carbon products and carbon composite materials, among others.
Executives
Yan Kui Xing Director
Yu Yong senior management
Dang Xi Jiang Director
Liu Yi Nan Director
Shu Wen Bo Director
Xu Peng senior management
Wang Bo senior management
Yang Yuan Ji Director
Zhang Tian Jun Director
Sun Bao An senior management
He Zhong Hua Director
Hu Jian Zhong Directors, senior managers
Li Jing senior management
Jiang Guo Li senior management
Chen Li Qin senior management

Fangda Carbon New Material Co Headlines

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