Vohringer Home Technology Co (SHSE:603226) Receivables Turnover : 6.21 (As of Mar. 2024)

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What is Vohringer Home Technology 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. Vohringer Home Technology Co's Revenue for the three months ended in Mar. 2024 was ¥51.3 Mil. Vohringer Home Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥8.3 Mil. Hence, Vohringer Home Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 6.21.

Vohringer Home Technology Co Receivables Turnover Historical Data

The historical data trend for Vohringer Home Technology 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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Vohringer Home Technology Co Receivables Turnover Chart

Vohringer Home Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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108.70

42.79

32.10

17.23

22.91

Vohringer Home Technology 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															3.25	5.42	5.86	10.75	6.21

Competitive Comparison of Vohringer Home Technology Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Vohringer Home Technology 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.

Vohringer Home Technology Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Vohringer Home Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vohringer Home Technology Co's Receivables Turnover falls into.

Vohringer Home Technology Co Receivables Turnover Calculation

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

Vohringer Home Technology 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 )
=	394.903	/ (	(26.862	+	7.606)	/	2 )
=	394.903	/	17.234
=	22.91

Vohringer Home Technology 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 )
=	51.299	/ (	(7.606	+	8.917)	/	2 )
=	51.299	/	8.2615
=	6.21

Vohringer Home Technology Co (SHSE:603226) 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.

Vohringer Home Technology Co Receivables Turnover Related Terms

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Vohringer Home Technology Co (SHSE:603226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Vohringer Home Technology Co Ltd (SHSE:603226) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

7001 Linhai Road, Qingcun Township, Fengxian District, Shanghai, CHN, 201414

Website

http://www.vohringer.com

Vohringer Home Technology Co Ltd, formerly Shanghai Vohringer Wood Product Co Ltd is engaged in the development and sale of wood flooring and wood custom furniture for the whole house. The company's main products include laminate flooring, multi-layer parquet, three-layer solid wood flooring, pure wooden floors and custom homes throughout the house.

Executives

Liu Dun Yin	Directors, senior managers
Tao Yuan	senior management
Sun Zhen Wei	senior management
Li Cong	senior management
Ji Fu Tang	senior management
Li Yun	senior management

Vohringer Home Technology Co (SHSE:603226) Headlines

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