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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. ADD Industry (Zhejiang)'s Revenue for the
three
months ended in Mar. 2026 was ¥656 Mil. ADD Industry (Zhejiang)'s average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥860 Mil.
Hence, ADD Industry (Zhejiang)'s Receivables Turnover for the
three
months ended in Mar. 2026 was 0.76.
ADD Industry (Zhejiang) (SHSE:603089) 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.
ADD Industry (Zhejiang) Receivables Turnover Related Terms
ADD Industry (Zhejiang) Receivables Turnover Historical Data
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The historical data trend for ADD Industry (Zhejiang)'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.
ADD Industry (Zhejiang) Receivables Turnover Chart
SHSE:603089 vs ORLY, AZO: Receivables Turnover Comparison
For the Auto Parts subindustry, ADD Industry (Zhejiang)'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.
ADD Industry (Zhejiang) Receivables Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ADD Industry (Zhejiang)'s Receivables Turnover distribution charts can be found below:
* The bar in red indicates where ADD Industry (Zhejiang)'s Receivables Turnover falls into.
* 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.
ADD Industry (Zhejiang) (SHSE:603089) has a Receivables Turnover of 0.76 as of Mar. 2026. The accounts 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. View historical data on ADD Industry (Zhejiang) and its competitors. According to the industry distribution chart, ADD Industry (Zhejiang) ranks #1114 out of 1323 companies in the Vehicles & Parts industry, placing it in the top 84.2%.
Is ADD Industry (Zhejiang)'s Receivables Turnover too high?
ADD Industry (Zhejiang)'s current Receivables Turnover is 0.76. The Vehicles & Parts industry median Receivables Turnover is 6.00. ADD Industry (Zhejiang)'s value of 0.76 is 87.3% below this industry median. Based on the distribution chart, ADD Industry (Zhejiang) ranks #1114 out of 1323 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, ADD Industry (Zhejiang) has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ADD Industry (Zhejiang)'s Receivables Turnover compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, ADD Industry (Zhejiang) ranks #1114 out of 1323 companies for Receivables Turnover. This places ADD Industry (Zhejiang) in the lower half of its industry. The industry median Receivables Turnover is 6.00. ADD Industry (Zhejiang)'s value of 0.76 is 87.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Vehicles & Parts company?
The median Receivables Turnover among Vehicles & Parts companies is 6.00, based on 1,323 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ADD Industry (Zhejiang)'s current Receivables Turnover of 0.76 is 87.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on ADD Industry (Zhejiang) and its competitors. For the Vehicles & Parts industry, the median Receivables Turnover is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADD Industry (Zhejiang)'s current Receivables Turnover is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADD Industry (Zhejiang) stock overvalued right now?
Based on GuruFocus' analysis, ADD Industry (Zhejiang) (SHSE:603089) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.95, compared to a current price of ¥10.01 — trading 28.2% below its estimated fair value. The current Receivables Turnover is 0.76 and 87.3% below the Vehicles & Parts industry median of 6.00. ADD Industry (Zhejiang)'s overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For ADD Industry (Zhejiang) (SHSE:603089), the current Receivables Turnover is 0.76 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ADD Industry (Zhejiang) (SHSE:603089) Overvalued in 2026?
Based on GuruFocus' analysis, ADD Industry (Zhejiang) stock appears to be undervalued.
The current stock price of ¥10.01 is trading 28.2% below its estimated GF Value™ of ¥13.95.
GuruFocus considers ADD Industry (Zhejiang) to be Modestly Undervalued.
Key valuation signals for SHSE:603089:
Receivables Turnover: 0.76
GF Value™: ¥13.95 vs. price of ¥10.01 (28.2% below fair value)
Industry Position: 87.3% below the Vehicles & Parts median (#1114 of 1323)
No single metric tells the full story. See the SHSE:603089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADD Industry (Zhejiang) Corp Ltd manufactures and sells shock absorbers for vehicle suspension system. It offers twin-tube shock absorbers, strut cartridges, shock absorbers with spring seat, struts, airbag shock absorbers, strut assemblies, steering dampers, adjustable shock absorbers, and cabin dampers for passenger and commercial vehicles.
73GF Score
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