Anhui Zhongyuan New Materials Co (SHSE:603527) Receivables Turnover : 2.57 (As of Mar. 2024)

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What is Anhui Zhongyuan New Materials 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. Anhui Zhongyuan New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥1,736 Mil. Anhui Zhongyuan New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥677 Mil. Hence, Anhui Zhongyuan New Materials Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.57.

Anhui Zhongyuan New Materials Co Receivables Turnover Historical Data

The historical data trend for Anhui Zhongyuan New Materials 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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Anhui Zhongyuan New Materials Co Receivables Turnover Chart

Anhui Zhongyuan New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.71

12.77

13.56

11.30

11.97

Anhui Zhongyuan New Materials 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															2.38	2.89	2.85	2.90	2.57

Competitive Comparison of Anhui Zhongyuan New Materials Co's Receivables Turnover

For the Metal Fabrication subindustry, Anhui Zhongyuan New Materials 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.

Anhui Zhongyuan New Materials Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Anhui Zhongyuan New Materials Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Zhongyuan New Materials Co's Receivables Turnover falls into.

Anhui Zhongyuan New Materials Co Receivables Turnover Calculation

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

Anhui Zhongyuan New Materials 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 )
=	7582.3	/ (	(619.195	+	647.453)	/	2 )
=	7582.3	/	633.324
=	11.97

Anhui Zhongyuan New Materials 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 )
=	1736.285	/ (	(647.453	+	706.352)	/	2 )
=	1736.285	/	676.9025
=	2.57

Anhui Zhongyuan New Materials Co (SHSE:603527) 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.

Anhui Zhongyuan New Materials Co Receivables Turnover Related Terms

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Anhui Zhongyuan New Materials Co (SHSE:603527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Anhui Zhongyuan New Materials Co Ltd (SHSE:603527) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fengming Lake Road 48, Economic and Technological Development Zone, Wuhu, CHN

Website

http://www.zyxcl.cn

Anhui Zhongyuan New Materials Co Ltd is mainly engaged in research and development, production, sales and service of high precision purple copper belt in China. Its products include raw materials such as transformer copper belts, power cable copper belts, electronic appliance copper belts, heat exchanger copper belts, and coinage copper belts.

Executives

Jie Guang Sheng	Director
Tao Jun Bing	Directors, senior managers
Huang Huai Feng	Supervisors
Tao Chang Mei	Director
Wu Ping	Director
Li Ming Jun	Director
Feng Quan Hu	Director
Wang Cheng	Director
He Xiao Hai	Director
Xi Hai Bo	Director
Ruan Ji You	Director

Anhui Zhongyuan New Materials Co (SHSE:603527) Headlines

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