Triumph New Energy Co (SHSE:600876) Receivables Turnover : 1.08 (As of Mar. 2024)

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What is Triumph New Energy 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. Triumph New Energy Co's Revenue for the three months ended in Mar. 2024 was ¥1,438 Mil. Triumph New Energy Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,331 Mil. Hence, Triumph New Energy Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.08.

Triumph New Energy Co Receivables Turnover Historical Data

The historical data trend for Triumph New Energy 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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Triumph New Energy Co Receivables Turnover Chart

Triumph New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.52

5.61

6.71

7.09

5.81

Triumph New Energy Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.37	1.29	1.55	1.32	1.08

Competitive Comparison of Triumph New Energy Co's Receivables Turnover

For the Building Products & Equipment subindustry, Triumph New Energy 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.

Triumph New Energy Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Triumph New Energy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Triumph New Energy Co's Receivables Turnover falls into.

Triumph New Energy Co Receivables Turnover Calculation

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

Triumph New Energy Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	6595.25	/ (	(981.111	+	1290.872)	/	2 )
=	6595.25	/	1135.9915
=	5.81

Triumph New Energy Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1437.775	/ (	(1290.872	+	1371.495)	/	2 )
=	1437.775	/	1331.1835
=	1.08

Triumph New Energy Co (SHSE:600876) 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.

Triumph New Energy Co Receivables Turnover Related Terms

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Triumph New Energy Co (SHSE:600876) Business Description

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01108:Hong Kong LUG:Germany

Address

No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009

Website

http://www.zhglb.com

Triumph New Energy Co Ltd formerly Luoyang Glass Co Ltd is a float glass manufacturing company. It manufactures ultra-thin float glass in the series of 0.12mm-2.0mm in China. The ultra-thin glass substrate is used for displaying, touching, window protection and functions in the panel display devices and touch equipment. The company generates revenue from production and sales of float sheet glass, and sale of raw materials to produce float sheet glass. Its business segments are namely information display glass, new energy glass and Other functional glass.

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