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Flower King Eco-Engineering (SHSE:603007) Receivables Turnover : 0.11 (As of Mar. 2024)


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What is Flower King Eco-Engineering 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. Flower King Eco-Engineering's Revenue for the three months ended in Mar. 2024 was ¥29.9 Mil. Flower King Eco-Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was ¥265.3 Mil. Hence, Flower King Eco-Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 0.11.


Flower King Eco-Engineering Receivables Turnover Historical Data

The historical data trend for Flower King Eco-Engineering'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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Flower King Eco-Engineering Receivables Turnover Chart

Flower King Eco-Engineering 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 2.87 1.24 0.41 0.69 0.59

Flower King Eco-Engineering 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 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 0.06 0.13 0.21 0.15 0.11

Competitive Comparison of Flower King Eco-Engineering's Receivables Turnover

For the Engineering & Construction subindustry, Flower King Eco-Engineering'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.


Flower King Eco-Engineering's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Flower King Eco-Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Flower King Eco-Engineering's Receivables Turnover falls into.



Flower King Eco-Engineering Receivables Turnover Calculation

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

Flower King Eco-Engineering'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 )
=159.264 / ((257.636 + 280.072) / 2 )
=159.264 / 268.854
=0.59

Flower King Eco-Engineering'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 )
=29.898 / ((280.072 + 250.47) / 2 )
=29.898 / 265.271
=0.11

* 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.


Flower King Eco-Engineering  (SHSE:603007) 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.


Flower King Eco-Engineering Receivables Turnover Related Terms

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Flower King Eco-Engineering (SHSE:603007) Business Description

Traded in Other Exchanges
N/A
Address
No. 99 South Second Ring Roa, Jiangsu Province, Danyang, CHN, 212300
Flower King Eco-Engineering Inc, formerly Jiangsu Flowers King Horticulture Co Ltd is engaged in landscape design and construction of municipal services, tourist attractions, roads and real estate and other areas.
Executives
Cui Hong Bo senior management
He Wei Tao senior management
Xu Xu Sheng senior management
Xiao Jie Jun Director
Wei Jian Hong senior management
Lin Xiao Jun Director
Gu Jing senior management
Li Hong Bin Director
Xiao Jiao Jun Director

Flower King Eco-Engineering (SHSE:603007) Headlines

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