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Epoxy Base Electronic Material Co (SHSE:603002) Receivables Turnover : 0.97 (As of Jun. 2024)


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What is Epoxy Base Electronic Material 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. Epoxy Base Electronic Material Co's Revenue for the three months ended in Jun. 2024 was ¥582 Mil. Epoxy Base Electronic Material Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥603 Mil. Hence, Epoxy Base Electronic Material Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.97.


Epoxy Base Electronic Material Co Receivables Turnover Historical Data

The historical data trend for Epoxy Base Electronic Material 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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Epoxy Base Electronic Material Co Receivables Turnover Chart

Epoxy Base Electronic Material Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.42 3.36 4.33 3.11 3.40

Epoxy Base Electronic Material Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Premium Member Only Premium Member Only 0.89 0.96 0.84 0.85 0.97

Competitive Comparison of Epoxy Base Electronic Material Co's Receivables Turnover

For the Chemicals subindustry, Epoxy Base Electronic Material 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.


Epoxy Base Electronic Material Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Epoxy Base Electronic Material Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Epoxy Base Electronic Material Co's Receivables Turnover falls into.



Epoxy Base Electronic Material Co Receivables Turnover Calculation

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

Epoxy Base Electronic Material 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 )
=2240.424 / ((717.542 + 600.763) / 2 )
=2240.424 / 659.1525
=3.40

Epoxy Base Electronic Material Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=582.484 / ((544.023 + 661.507) / 2 )
=582.484 / 602.765
=0.97

* 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.


Epoxy Base Electronic Material Co  (SHSE:603002) 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.


Epoxy Base Electronic Material Co Receivables Turnover Related Terms

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Epoxy Base Electronic Material Co Business Description

Traded in Other Exchanges
N/A
Address
No.1, Yunpu 1st Road, Luogang District, Guangdong, Guangzhou, CHN, 510530
Epoxy Base Electronic Material Co Ltd is engaged in the production of electronic grade epoxy resins. The solutions offered by the company include general series, diluted type series, casting and APG series, and solution series.
Executives
Lin Rui Rong Director
Fang Ye Wei Director
Jiang Sheng Zong Director
Lin Ren Zong Director
Huang Xing An senior management
Liu Huan Zhang Director
Xiao Zhi Ren senior management
Zhang Zhen Ming Director

Epoxy Base Electronic Material Co Headlines

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