Shanghai Dragon (SHSE:600630) Receivables Turnover : 1.71 (As of Mar. 2025)

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What is Shanghai Dragon 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. Shanghai Dragon's Revenue for the three months ended in Mar. 2025 was ¥465 Mil. Shanghai Dragon's average Accounts Receivable for the three months ended in Mar. 2025 was ¥272 Mil. Hence, Shanghai Dragon's Receivables Turnover for the three months ended in Mar. 2025 was 1.71.

Shanghai Dragon Receivables Turnover Historical Data

The historical data trend for Shanghai Dragon'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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Shanghai Dragon Receivables Turnover Chart

Shanghai Dragon Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.10

8.38

9.71

7.62

6.26

Shanghai Dragon 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															1.69	1.42	1.46	2.16	1.71

Competitive Comparison of Shanghai Dragon's Receivables Turnover

For the Textile Manufacturing subindustry, Shanghai Dragon'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.

Shanghai Dragon's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shanghai Dragon's Receivables Turnover falls into.

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Shanghai Dragon Receivables Turnover Calculation

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

Shanghai Dragon'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 )
=	1770.362	/ (	(294.349	+	271.388)	/	2 )
=	1770.362	/	282.8685
=	6.26

Shanghai Dragon'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 )
=	464.901	/ (	(271.388	+	272.853)	/	2 )
=	464.901	/	272.1205
=	1.71

Shanghai Dragon (SHSE:600630) 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.

Shanghai Dragon Receivables Turnover Related Terms

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Shanghai Dragon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Dragon Corp (SHSE:600630) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 555, Kangwu Road, Pudong New District, Longtou Shares Sanqiang Industrial Park, Shanghai, CHN, 201315

Website

http://www.shanghaidragon.com.cn

Shanghai Dragon Corp focuses on the business of urban fashionable dress and home textile and foreign trade. Its core business includes Knitting and underwear; Clothing and dress; International trade; Home textile and Printing and dyeing.

Executives

Li Ling Ling	senior management
Ling Jian Hua	Director
Zhou Yan Min	Supervisors

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