Jiangsu Seagull Cooling Tower Co (SHSE:603269) Receivables Turnover : 0.57 (As of Jun. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Jiangsu Seagull Cooling Tower 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. Jiangsu Seagull Cooling Tower Co's Revenue for the three months ended in Jun. 2024 was ¥377 Mil. Jiangsu Seagull Cooling Tower Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥661 Mil. Hence, Jiangsu Seagull Cooling Tower Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.57.

Jiangsu Seagull Cooling Tower Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Seagull Cooling Tower 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.

* Premium members only.

Jiangsu Seagull Cooling Tower Co Receivables Turnover Chart

Jiangsu Seagull Cooling Tower Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.68

2.18

2.44

2.62

2.25

Jiangsu Seagull Cooling Tower Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.64	0.56	0.78	0.40	0.57

Competitive Comparison of Jiangsu Seagull Cooling Tower Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Jiangsu Seagull Cooling Tower 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.

Jiangsu Seagull Cooling Tower Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Seagull Cooling Tower Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Seagull Cooling Tower Co's Receivables Turnover falls into.

Jiangsu Seagull Cooling Tower Co Receivables Turnover Calculation

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

Jiangsu Seagull Cooling Tower 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 )
=	1380.629	/ (	(554.012	+	674.704)	/	2 )
=	1380.629	/	614.358
=	2.25

Jiangsu Seagull Cooling Tower Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	377.042	/ (	(658.539	+	662.578)	/	2 )
=	377.042	/	660.5585
=	0.57

Jiangsu Seagull Cooling Tower Co (SHSE:603269) 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.

Jiangsu Seagull Cooling Tower Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jiangsu Seagull Cooling Tower Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Seagull Cooling Tower Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Seagull Cooling Tower Co Ltd (SHSE:603269) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.16,Xiangyun Road, Wujin Economic Development Zone, Jiangsu Province, Changhzou, CHN, 213149

Website

http://www.seagull-ct.com

Jiangsu Seagull Cooling Tower Co Ltd is mainly engaged in the research, development, design, manufacture and installation of industrial cooling towers in China. Its main products are mechanical ventilation cooling towers, including: conventional cooling towers (including steel Mixed-structure tower, FRP tower and steel tower), open-type environmentally-friendly and energy-saving cooling tower (including water-saving tower, anti-fog tower, and noise reduction tower).

Executives

Liu Jian Zhong	senior management
Chen Jian	senior management
Xu Zhi Jun	Directors, senior managers
Bao Bing Guo	senior management
Wu Zhu Ping	Directors, senior managers
Pan Wei Rong	senior management
Liu Li	Directors, senior managers
Yang Hua	Directors, senior managers
Wang Gen Hong	Supervisors
Jin Ao Da	Director
Yang Zhi Jie	senior management
Liu Zhi Zheng	Supervisors
Jiang Ren Xi	Directors, senior managers

Jiangsu Seagull Cooling Tower Co Headlines

No Headlines