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Ningbo Fubang Jingye Group Co (SHSE:600768) Receivables Turnover : 1.32 (As of Mar. 2025)


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What is Ningbo Fubang Jingye Group 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. Ningbo Fubang Jingye Group Co's Revenue for the three months ended in Mar. 2025 was ¥221 Mil. Ningbo Fubang Jingye Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥168 Mil. Hence, Ningbo Fubang Jingye Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.32.


Ningbo Fubang Jingye Group Co Receivables Turnover Historical Data

The historical data trend for Ningbo Fubang Jingye Group 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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Ningbo Fubang Jingye Group Co Receivables Turnover Chart

Ningbo Fubang Jingye Group Co 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 15.08 13.02 13.25 8.90 6.54

Ningbo Fubang Jingye Group 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 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 2.06 0.15 3.43 7.23 1.32

Competitive Comparison of Ningbo Fubang Jingye Group Co's Receivables Turnover

For the Aluminum subindustry, Ningbo Fubang Jingye Group 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.


Ningbo Fubang Jingye Group Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Fubang Jingye Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ningbo Fubang Jingye Group Co's Receivables Turnover falls into.


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Ningbo Fubang Jingye Group Co Receivables Turnover Calculation

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

Ningbo Fubang Jingye Group 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 )
=1044.272 / ((144.294 + 174.914) / 2 )
=1044.272 / 159.604
=6.54

Ningbo Fubang Jingye Group 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 )
=220.87 / ((174.914 + 160.126) / 2 )
=220.87 / 167.52
=1.32

* 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.


Ningbo Fubang Jingye Group Co  (SHSE:600768) 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.


Ningbo Fubang Jingye Group Co Receivables Turnover Related Terms

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Ningbo Fubang Jingye Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 188, Ningdong Road, 22th Floor, Building D, Fubon Center, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315192
Ningbo Fubang Jingye Group Co Ltd engages in the regional deep processing of industrial and civil aluminum profiles, and also engages in the trade of aluminum cast bars.

Ningbo Fubang Jingye Group Co Headlines

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