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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. Shenma Industry Co's Revenue for the
three
months ended in Mar. 2026 was ¥3,116 Mil. Shenma Industry Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥1,393 Mil.
Hence, Shenma Industry Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.24.
Shenma Industry Co (SHSE:600810) 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.
Shenma Industry Co Receivables Turnover Related Terms
Shenma Industry Co Receivables Turnover Historical Data
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The historical data trend for Shenma Industry 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.
SHSE:600810 vs LIN, SHW, ECL: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, Shenma Industry 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.
Shenma Industry Co Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shenma Industry Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Shenma Industry 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.
Shenma Industry Co (SHSE:600810) has a Receivables Turnover of 2.24 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 Shenma Industry Co and its competitors. According to the industry distribution chart, Shenma Industry Co ranks #397 out of 1577 companies in the Chemicals industry, placing it in the top 25.2%.
Is Shenma Industry Co's Receivables Turnover too high?
Shenma Industry Co's current Receivables Turnover is 2.24. The Chemicals industry median Receivables Turnover is 5.61. Shenma Industry Co's value of 2.24 is 60.1% below this industry median. Based on the distribution chart, Shenma Industry Co ranks #397 out of 1577 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shenma Industry Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shenma Industry Co's Receivables Turnover compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shenma Industry Co ranks #397 out of 1577 companies for Receivables Turnover. This puts Shenma Industry Co in the upper half of its industry. The industry median Receivables Turnover is 5.61. Shenma Industry Co's value of 2.24 is 60.1% 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 Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.61, based on 1,577 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. Shenma Industry Co's current Receivables Turnover of 2.24 is 60.1% 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 Shenma Industry Co and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenma Industry Co's current Receivables Turnover is 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenma Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shenma Industry Co (SHSE:600810) is currently considered Possible Value Trap. The stock's GF Value™ is ¥9.41, compared to a current price of ¥6.38 — trading 32.2% below its estimated fair value. The current Receivables Turnover is 2.24 and 60.1% below the Chemicals industry median of 5.61. Shenma Industry Co's overall GF Score™ is 50/100 with 7 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 Shenma Industry Co (SHSE:600810), the current Receivables Turnover is 2.24 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 Shenma Industry Co (SHSE:600810) Overvalued in 2026?
Based on GuruFocus' analysis, Shenma Industry Co stock appears to be undervalued.
The current stock price of ¥6.38 is trading 32.2% below its estimated GF Value™ of ¥9.41.
GuruFocus considers Shenma Industry Co to be Possible Value Trap.
Key valuation signals for SHSE:600810:
Receivables Turnover: 2.24
GF Value™: ¥9.41 vs. price of ¥6.38 (32.2% below fair value)
Industry Position: 60.1% below the Chemicals median (#397 of 1577)
No single metric tells the full story. See the SHSE:600810 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenma Industry Co Ltd is engaged in production and distribution of Nylon 66 tyre cord fabric and other types of industrial yarn in China. Its products include dry adipic acid, cyclohexanol, cyclohexane, nylon 66 grey cloth, nylon 66 dipped type cord fabric, nylon 66 dipping tire bead cloth, nylon 66 dipping canvas, and nylon 66 industrial yarn.
50GF Score
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