Changshu Tongrun Auto Accessory Co (SHSE:603201) Receivables Turnover : 1.03 (As of Mar. 2025)

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What is Changshu Tongrun Auto Accessory 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. Changshu Tongrun Auto Accessory Co's Revenue for the three months ended in Mar. 2025 was ¥643 Mil. Changshu Tongrun Auto Accessory Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥625 Mil. Hence, Changshu Tongrun Auto Accessory Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.03.

Changshu Tongrun Auto Accessory Co Receivables Turnover Historical Data

The historical data trend for Changshu Tongrun Auto Accessory 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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Changshu Tongrun Auto Accessory Co Receivables Turnover Chart

Changshu Tongrun Auto Accessory Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.16

5.56

5.01

4.99

4.86

Changshu Tongrun Auto Accessory Co Quarterly Data
	Dec18	Dec19	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															1.02	1.19	1.08	1.15	1.03

Competitive Comparison of Changshu Tongrun Auto Accessory Co's Receivables Turnover

For the Auto Parts subindustry, Changshu Tongrun Auto Accessory 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.

Changshu Tongrun Auto Accessory Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changshu Tongrun Auto Accessory Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Changshu Tongrun Auto Accessory Co's Receivables Turnover falls into.

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Changshu Tongrun Auto Accessory Co Receivables Turnover Calculation

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

Changshu Tongrun Auto Accessory 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 )
=	3012.12	/ (	(601.491	+	638.005)	/	2 )
=	3012.12	/	619.748
=	4.86

Changshu Tongrun Auto Accessory 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 )
=	642.975	/ (	(638.005	+	612.119)	/	2 )
=	642.975	/	625.062
=	1.03

Changshu Tongrun Auto Accessory Co (SHSE:603201) 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.

Changshu Tongrun Auto Accessory Co Receivables Turnover Related Terms

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Changshu Tongrun Auto Accessory Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changshu Tongrun Auto Accessory Co Ltd (SHSE:603201) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Xinlongteng Industrial Park, Economic Development Zone, Jiangsu Province, Changshu, CHN

Website

http://www.tongrunjacks.com

Changshu Tongrun Auto Accessory Co Ltd is engaged in the research and development, manufacturing and sales of various jacks and their extended products. The company's main products include commercial jacks, vehicle-mounted jacks, professional jacks, lifts and other automotive maintenance equipment and tools.

Executives

Shi Xiao Ming	Director
Li Xue Jun	senior management
Zhou Ke Shu	senior management
Shen Min	senior management
Lu Li Hua	Director
Yao Sheng	Director
	Directors, senior managers
Zhu Wei	Directors, senior managers
Wang Xiong Ping	Directors, senior managers
Chen Jiang	Directors, senior managers
Lu Xin Jun	Director

Changshu Tongrun Auto Accessory Co Headlines

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