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Sumec (SHSE:600710) Receivables Turnover : 2.92 (As of Mar. 2025)


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What is Sumec 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. Sumec's Revenue for the three months ended in Mar. 2025 was ¥25,654 Mil. Sumec's average Accounts Receivable for the three months ended in Mar. 2025 was ¥8,797 Mil. Hence, Sumec's Receivables Turnover for the three months ended in Mar. 2025 was 2.92.


Sumec Receivables Turnover Historical Data

The historical data trend for Sumec'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.

Sumec Receivables Turnover Chart

Sumec Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.30 20.23 16.43 14.71 13.30

Sumec 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 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 2.67 3.43 2.97 3.03 2.92

Competitive Comparison of Sumec's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Sumec'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.


Sumec's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sumec's Receivables Turnover distribution charts can be found below:

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


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Sumec Receivables Turnover Calculation

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

Sumec'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 )
=117174.408 / ((8800.477 + 8816.587) / 2 )
=117174.408 / 8808.532
=13.30

Sumec'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 )
=25654.224 / ((8816.587 + 8777.989) / 2 )
=25654.224 / 8797.288
=2.92

* 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.


Sumec  (SHSE:600710) 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.


Sumec Receivables Turnover Related Terms

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Sumec Business Description

Traded in Other Exchanges
N/A
Address
Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018
Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.
Executives
Zhao Jian Guo senior management
Cai Ji Bo Director
Yang Guo Feng Supervisors
Peng Yuan Pu senior management
Jin Yong Chuan senior management
Yang Yong Qing Director
Gu Jian Su senior management
Chen Wei senior management
Wu Jian Ping Supervisors
Wang Wei Yan Director
Zou Jian Mao senior management
Jin Rong Hua Supervisors

Sumec Headlines

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