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Zhejiang Rongsheng Environmental Protection Paper Co (SHSE:603165) Receivables Turnover : 2.09 (As of Mar. 2025)


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What is Zhejiang Rongsheng Environmental Protection Paper 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. Zhejiang Rongsheng Environmental Protection Paper Co's Revenue for the three months ended in Mar. 2025 was ¥534 Mil. Zhejiang Rongsheng Environmental Protection Paper Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥255 Mil. Hence, Zhejiang Rongsheng Environmental Protection Paper Co's Receivables Turnover for the three months ended in Mar. 2025 was 2.09.


Zhejiang Rongsheng Environmental Protection Paper Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Rongsheng Environmental Protection Paper 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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Zhejiang Rongsheng Environmental Protection Paper Co Receivables Turnover Chart

Zhejiang Rongsheng Environmental Protection Paper Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.16 11.03 9.78 8.71 8.47

Zhejiang Rongsheng Environmental Protection Paper Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.02 2.06 1.94 2.17 2.09

Competitive Comparison of Zhejiang Rongsheng Environmental Protection Paper Co's Receivables Turnover

For the Packaging & Containers subindustry, Zhejiang Rongsheng Environmental Protection Paper 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 Rongsheng Environmental Protection Paper Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zhejiang Rongsheng Environmental Protection Paper Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Rongsheng Environmental Protection Paper Co's Receivables Turnover falls into.


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Zhejiang Rongsheng Environmental Protection Paper Co Receivables Turnover Calculation

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

Zhejiang Rongsheng Environmental Protection Paper Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=2235.207 / ((267.666 + 260.364) / 2 )
=2235.207 / 264.015
=8.47

Zhejiang Rongsheng Environmental Protection Paper Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=533.673 / ((260.364 + 250.574) / 2 )
=533.673 / 255.469
=2.09

* 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 Rongsheng Environmental Protection Paper Co  (SHSE:603165) 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.


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Zhejiang Rongsheng Environmental Protection Paper Co Business Description

Traded in Other Exchanges
N/A
Address
No. 588, Zhennan East Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN, 314213
Zhejiang Rongsheng Environmental Protection Paper Co Ltd is engaged in manufacturing of paper and paper products. Its products include kraft liner board, corrugated cardboard and packaging product.
Executives
Feng Rong Hua Director
Chen Xiong Wei Directors, senior managers
Lu Xiang Gen Supervisors
Hu Rong Xia senior management
Chu Fang Hong Director
Zhao Zhi Fang senior management

Zhejiang Rongsheng Environmental Protection Paper Co Headlines

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