Apple Flavor & Fragrance Group Co (SHSE:603020) Receivables Turnover : 1.81 (As of Mar. 2024)

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What is Apple Flavor & Fragrance 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. Apple Flavor & Fragrance Group Co's Revenue for the three months ended in Mar. 2024 was ¥747 Mil. Apple Flavor & Fragrance Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥413 Mil. Hence, Apple Flavor & Fragrance Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.81.

Apple Flavor & Fragrance Group Co Receivables Turnover Historical Data

The historical data trend for Apple Flavor & Fragrance 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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Apple Flavor & Fragrance Group Co Receivables Turnover Chart

Apple Flavor & Fragrance Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.82

6.04

6.45

5.73

5.78

Apple Flavor & Fragrance Group 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															1.44	1.65	1.55	1.74	1.81

Competitive Comparison of Apple Flavor & Fragrance Group Co's Receivables Turnover

For the Specialty Chemicals subindustry, Apple Flavor & Fragrance 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.

Apple Flavor & Fragrance Group Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Apple Flavor & Fragrance Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Apple Flavor & Fragrance Group Co's Receivables Turnover falls into.

Apple Flavor & Fragrance Group Co Receivables Turnover Calculation

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

Apple Flavor & Fragrance Group 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 )
=	2783.17	/ (	(553.315	+	409.81)	/	2 )
=	2783.17	/	481.5625
=	5.78

Apple Flavor & Fragrance Group 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 )
=	747.266	/ (	(409.81	+	415.994)	/	2 )
=	747.266	/	412.902
=	1.81

Apple Flavor & Fragrance Group Co (SHSE:603020) 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.

Apple Flavor & Fragrance Group Co Receivables Turnover Related Terms

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Apple Flavor & Fragrance Group Co (SHSE:603020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Apple Flavor & Fragrance Group Co Ltd (SHSE:603020) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

733 Gaoping Road, Jing'an District, Shanghai, CHN, 200436

Website

http://www.cnaff.com

Apple Flavor & Fragrance Group Co Ltd is engaged in the development, manufacture, and sale of spices, flavors, and food ingredients. Its main products include spices which include synthetic and natural flavors, flavors (including food flavors and daily flavors) and industrial Cree which mainly include chocolate for frozen drinks and chocolate for baking, widely used in food, beverages, cigarettes, daily chemicals. It also engaged in the distribution of internationally renowned brands of butter, cheese, whipped cream, chocolate, cocoa, fruit products and other food ingredients.

Executives

Xu Yao Zhong	Director
Wei Zhong Hao	Director
Mei Guo You	Director
Fei Wen Yao	Director
Wang Sheng Wen	senior management
Hu Yong Cheng	Director
Zhang Li Hua	Supervisors
Du Yi	Supervisors

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