AA Industrial Belting (Shanghai) Co (SHSE:603580) Receivables Turnover : 0.74 (As of Sep. 2024)

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What is AA Industrial Belting (Shanghai) 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. AA Industrial Belting (Shanghai) Co's Revenue for the three months ended in Sep. 2024 was ¥42.0 Mil. AA Industrial Belting (Shanghai) Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥56.9 Mil. Hence, AA Industrial Belting (Shanghai) Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.74.

AA Industrial Belting (Shanghai) Co Receivables Turnover Historical Data

The historical data trend for AA Industrial Belting (Shanghai) 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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AA Industrial Belting (Shanghai) Co Receivables Turnover Chart

AA Industrial Belting (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.87

3.30

3.24

2.23

2.60

AA Industrial Belting (Shanghai) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.86	0.73	0.78	0.99	0.74

Competitive Comparison of AA Industrial Belting (Shanghai) Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, AA Industrial Belting (Shanghai) 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.

AA Industrial Belting (Shanghai) Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AA Industrial Belting (Shanghai) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AA Industrial Belting (Shanghai) Co's Receivables Turnover falls into.

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AA Industrial Belting (Shanghai) Co Receivables Turnover Calculation

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

AA Industrial Belting (Shanghai) 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 )
=	154.619	/ (	(70.24	+	48.567)	/	2 )
=	154.619	/	59.4035
=	2.60

AA Industrial Belting (Shanghai) Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	42.022	/ (	(56.711	+	57.002)	/	2 )
=	42.022	/	56.8565
=	0.74

AA Industrial Belting (Shanghai) Co (SHSE:603580) 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.

AA Industrial Belting (Shanghai) Co Receivables Turnover Related Terms

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AA Industrial Belting (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AA Industrial Belting (Shanghai) Co Ltd (SHSE:603580) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Xiangyin Road, Shanghai, CHN, 200433

Website

https://www.aabelt.com.cn

AA Industrial Belting (Shanghai) Co Ltd is specialized in the research and development of light conveyor belts. Its main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. Its product is widely used in food processing, airport logistics, textile printing, automotive and steel processing, tyre, tobacco, and aluminum industry.

Executives

Tu Guo Sheng	Director
Tu Mu Lin	Director
Cai Rui Mei	Director

AA Industrial Belting (Shanghai) Co Headlines

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