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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. Zhejiang Red Dragonfly Footwear Co's Revenue for the
three
months ended in Jun. 2026 was ¥468 Mil. Zhejiang Red Dragonfly Footwear Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥279 Mil.
Hence, Zhejiang Red Dragonfly Footwear Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 1.68.
Zhejiang Red Dragonfly Footwear Co (SHSE:603116) 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.
Zhejiang Red Dragonfly Footwear Co Receivables Turnover Related Terms
Zhejiang Red Dragonfly Footwear Co Receivables Turnover Historical Data
* 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.
Zhejiang Red Dragonfly Footwear Co Receivables Turnover Chart
SHSE:603116 vs NKE, DECK, ONON: Receivables Turnover Comparison
For the Footwear & Accessories subindustry, Zhejiang Red Dragonfly Footwear 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.
Zhejiang Red Dragonfly Footwear Co Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Red Dragonfly Footwear Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Zhejiang Red Dragonfly Footwear Co'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.
Zhejiang Red Dragonfly Footwear Co (SHSE:603116) has a Receivables Turnover of 1.68 as of Jun. 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 Zhejiang Red Dragonfly Footwear Co and its competitors. According to the industry distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #600 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 57.5%.
Is Zhejiang Red Dragonfly Footwear Co's Receivables Turnover too high?
Zhejiang Red Dragonfly Footwear Co's current Receivables Turnover is 1.68. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.99. Zhejiang Red Dragonfly Footwear Co's value of 1.68 is 76% below this industry median. Based on the distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #600 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Zhejiang Red Dragonfly Footwear Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Red Dragonfly Footwear Co's Receivables Turnover compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zhejiang Red Dragonfly Footwear Co ranks #600 out of 1043 companies for Receivables Turnover. This places Zhejiang Red Dragonfly Footwear Co in the lower half of its industry. The industry median Receivables Turnover is 6.99. Zhejiang Red Dragonfly Footwear Co's value of 1.68 is 76% 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 Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.99, based on 1,043 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. Zhejiang Red Dragonfly Footwear Co's current Receivables Turnover of 1.68 is 76% 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 Zhejiang Red Dragonfly Footwear Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Red Dragonfly Footwear Co's current Receivables Turnover is 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Red Dragonfly Footwear Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Red Dragonfly Footwear Co (SHSE:603116) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.11, compared to a current price of ¥6.60 — trading 8% above its estimated fair value. The current Receivables Turnover is 1.68 and 76% below the Manufacturing - Apparel & Accessories industry median of 6.99. Zhejiang Red Dragonfly Footwear Co's overall GF Score™ is 60/100 with 1 warning sign 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 Zhejiang Red Dragonfly Footwear Co (SHSE:603116), the current Receivables Turnover is 1.68 as of Jun. 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 Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Red Dragonfly Footwear Co stock appears to be overvalued.
The current stock price of ¥6.60 is trading 8% above its estimated GF Value™ of ¥6.11.
GuruFocus considers Zhejiang Red Dragonfly Footwear Co to be Fairly Valued.
Key valuation signals for SHSE:603116:
Receivables Turnover: 1.68
GF Value™: ¥6.11 vs. price of ¥6.60 (8% above fair value)
Industry Position: 76% below the Manufacturing - Apparel & Accessories median (#600 of 1043)
No single metric tells the full story. See the SHSE:603116 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.
60GF Score
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