Tongkun Group Co (SHSE:601233) Receivables Turnover : 20.58 (As of Mar. 2025)

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What is Tongkun 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. Tongkun Group Co's Revenue for the three months ended in Mar. 2025 was ¥19,420 Mil. Tongkun Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥943 Mil. Hence, Tongkun Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 20.58.

Tongkun Group Co Receivables Turnover Historical Data

The historical data trend for Tongkun 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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Tongkun Group Co Receivables Turnover Chart

Tongkun Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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213.08

223.32

107.03

111.12

119.35

Tongkun 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															24.45	18.42	15.65	19.05	20.58

Competitive Comparison of Tongkun Group Co's Receivables Turnover

For the Textile Manufacturing subindustry, Tongkun 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.

Tongkun Group Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tongkun Group Co's Receivables Turnover distribution charts can be found below:

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

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Tongkun Group Co Receivables Turnover Calculation

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

Tongkun 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 )
=	101306.83	/ (	(692.828	+	1004.813)	/	2 )
=	101306.83	/	848.8205
=	119.35

Tongkun 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 )
=	19419.947	/ (	(1004.813	+	882.064)	/	2 )
=	19419.947	/	943.4385
=	20.58

Tongkun Group Co (SHSE:601233) 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.

Tongkun Group Co Receivables Turnover Related Terms

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Tongkun Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tongkun Group Co Ltd (SHSE:601233) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 199 Guangming Road, Tongxiang Economic Development Zone, Tongxiang, Zhejiang, CHN, 314500

Website

http://www.zjtkgf.com/

Tongkun Group Co Ltd is a China-based company engaged in polyester and polyester filament yarn manufacturing. It offers various polyester filament yarns such as a pre-oriented filament, draw textured yarns, polyester chips, and others under the GOLDENCOCK and Tong Kun brand names. Geographically the business activities are carried out through China.

Executives

Shen Qi Chao	Director
Shen Jian Song	Directors, senior managers
Zhu Wei	senior management
Chen Hui	Director
Xu Xue Gen	Director
Xu Qi Peng	senior management
Fei Miao Qi	Directors, senior managers
Li Sheng Jun	Directors, senior managers
Shen Pei Xing	Director
Chen Shi Nan	Director
Zhou Jun	Directors, senior managers
Xu Jin Xiang	Directors, senior managers
Chen Jian Rong	Director

Tongkun Group Co Headlines

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