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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. Ningbo Marine Co's Revenue for the
three
months ended in Mar. 2026 was ¥617 Mil. Ningbo Marine Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥310 Mil.
Hence, Ningbo Marine Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.99.
Ningbo Marine Co (SHSE:600798) 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 Marine Co Receivables Turnover Related Terms
Ningbo Marine Co Receivables Turnover Historical Data
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The historical data trend for Ningbo Marine 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.
Ningbo Marine Co Receivables Turnover Competitor Comparison
For the Marine Shipping subindustry, Ningbo Marine 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 Marine Co Receivables Turnover vs Transportation Industry
For the Transportation industry and Industrials sector, Ningbo Marine Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Ningbo Marine 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.
Ningbo Marine Co (SHSE:600798) has a Receivables Turnover of 1.99 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 Ningbo Marine Co and its competitors. According to the industry distribution chart, Ningbo Marine Co ranks #464 out of 998 companies in the Transportation industry, placing it in the top 46.5%.
Is Ningbo Marine Co's Receivables Turnover too high?
Ningbo Marine Co's current Receivables Turnover is 1.99. The Transportation industry median Receivables Turnover is 7.77. Ningbo Marine Co's value of 1.99 is 74.4% below this industry median. Based on the distribution chart, Ningbo Marine Co ranks #464 out of 998 companies in the Transportation industry, which is above the industry midpoint. Overall, Ningbo Marine Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Marine Co's Receivables Turnover compare to competitors?
According to the Transportation industry distribution chart, Ningbo Marine Co ranks #464 out of 998 companies for Receivables Turnover. This puts Ningbo Marine Co in the upper half of its industry. The industry median Receivables Turnover is 7.77. Ningbo Marine Co's value of 1.99 is 74.4% 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 Transportation company?
The median Receivables Turnover among Transportation companies is 7.77, based on 998 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. Ningbo Marine Co's current Receivables Turnover of 1.99 is 74.4% 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 Ningbo Marine Co and its competitors. For the Transportation industry, the median Receivables Turnover is 7.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Marine Co's current Receivables Turnover is 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Marine Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Marine Co (SHSE:600798) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.81, compared to a current price of ¥3.21 — trading 15.7% below its estimated fair value. The current Receivables Turnover is 1.99 and 74.4% below the Transportation industry median of 7.77. Ningbo Marine Co's overall GF Score™ is 66/100 with 5 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 Ningbo Marine Co (SHSE:600798), the current Receivables Turnover is 1.99 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 Ningbo Marine Co (SHSE:600798) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Marine Co stock appears to be undervalued.
The current stock price of ¥3.21 is trading 15.7% below its estimated GF Value™ of ¥3.81.
GuruFocus considers Ningbo Marine Co to be Modestly Undervalued.
Key valuation signals for SHSE:600798:
Receivables Turnover: 1.99
GF Value™: ¥3.81 vs. price of ¥3.21 (15.7% below fair value)
Industry Position: 74.4% below the Transportation median (#464 of 998)
No single metric tells the full story. See the SHSE:600798 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Marine Co Ltd is a China-based company mainly engaged in the transportation of goods on China's coastal Yangtze River, as well as international ocean shipping and investing in transportation infrastructure and transportation service facilities. Its activities include transportation service facilities; import and export of self-operated and agent goods and technologies, except for goods and technologies that are restricted or prohibited by the state; apply for training, examinations, provide related activities such as manning for domestic sailing ships, and others.
66GF Score
Get the complete analysis for SHSE:600798
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