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Jiangxilt Industry Group Co (SHSE:601065) Receivables Turnover : 9.93 (As of Mar. 2025)


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What is Jiangxilt Industry 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. Jiangxilt Industry Group Co's Revenue for the three months ended in Mar. 2025 was ¥573 Mil. Jiangxilt Industry Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥58 Mil. Hence, Jiangxilt Industry Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 9.93.


Jiangxilt Industry Group Co Receivables Turnover Historical Data

The historical data trend for Jiangxilt Industry 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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Jiangxilt Industry Group Co Receivables Turnover Chart

Jiangxilt Industry Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial 26.64 40.76 51.60 58.25 55.58

Jiangxilt Industry Group Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 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 15.51 14.76 11.54 12.90 9.93

Competitive Comparison of Jiangxilt Industry Group Co's Receivables Turnover

For the Packaged Foods subindustry, Jiangxilt Industry 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.


Jiangxilt Industry Group Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiangxilt Industry Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangxilt Industry Group Co's Receivables Turnover falls into.


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Jiangxilt Industry Group Co Receivables Turnover Calculation

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

Jiangxilt Industry 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 )
=2682.495 / ((43.896 + 52.63) / 2 )
=2682.495 / 48.263
=55.58

Jiangxilt Industry 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 )
=572.893 / ((52.63 + 62.76) / 2 )
=572.893 / 57.695
=9.93

* 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.


Jiangxilt Industry Group Co  (SHSE:601065) 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.


Jiangxilt Industry Group Co Receivables Turnover Related Terms

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Jiangxilt Industry Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 369, Lushan South Avenue, Honggutan District, Jiangxi Province, Nanchang, CHN, 330038
Jiangxi Salt Industry Group Co Ltd is engaged in the research and development, production and sales of salt and salt chemical products.

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