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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. Red Avenue New Materials Group Co's Revenue for the
three
months ended in Jun. 2026 was ¥1,087 Mil. Red Avenue New Materials Group Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥995 Mil.
Hence, Red Avenue New Materials Group Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 1.09.
Red Avenue New Materials Group Co (SHSE:603650) 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.
Red Avenue New Materials Group Co Receivables Turnover Related Terms
Red Avenue New Materials Group Co Receivables Turnover Historical Data
* 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.
Red Avenue New Materials Group Co Receivables Turnover Chart
SHSE:603650 vs LIN, SHW, ECL: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, Red Avenue New Materials Group 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.
Red Avenue New Materials Group Co Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Red Avenue New Materials Group Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Red Avenue New Materials Group Co's Receivables Turnover falls into.
* 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.
Red Avenue New Materials Group Co (SHSE:603650) has a Receivables Turnover of 1.09 as of Jun. 2026. The accounts 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. View historical data on Red Avenue New Materials Group Co and its competitors. According to the industry distribution chart, Red Avenue New Materials Group Co ranks #1133 out of 1586 companies in the Chemicals industry, placing it in the top 71.4%.
Is Red Avenue New Materials Group Co's Receivables Turnover too high?
Red Avenue New Materials Group Co's current Receivables Turnover is 1.09. The Chemicals industry median Receivables Turnover is 5.77. Red Avenue New Materials Group Co's value of 1.09 is 81.1% below this industry median. Based on the distribution chart, Red Avenue New Materials Group Co ranks #1133 out of 1586 companies in the Chemicals industry, which is below the industry midpoint. Overall, Red Avenue New Materials Group Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Red Avenue New Materials Group Co's Receivables Turnover compare to LIN and SHW?
According to the Chemicals industry distribution chart, Red Avenue New Materials Group Co ranks #1133 out of 1586 companies for Receivables Turnover. This places Red Avenue New Materials Group Co in the lower half of its industry. The industry median Receivables Turnover is 5.77. Red Avenue New Materials Group Co's value of 1.09 is 81.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.77, based on 1,586 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Red Avenue New Materials Group Co's current Receivables Turnover of 1.09 is 81.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Red Avenue New Materials Group Co and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Red Avenue New Materials Group Co's current Receivables Turnover is 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Red Avenue New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, Red Avenue New Materials Group Co (SHSE:603650) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥41.68, compared to a current price of ¥65.22 — trading 56.5% above its estimated fair value. The current Receivables Turnover is 1.09 and 81.1% below the Chemicals industry median of 5.77. Red Avenue New Materials Group Co's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Red Avenue New Materials Group Co (SHSE:603650), the current Receivables Turnover is 1.09 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Red Avenue New Materials Group Co (SHSE:603650) Overvalued in 2026?
Based on GuruFocus' analysis, Red Avenue New Materials Group Co stock appears to be overvalued.
The current stock price of ¥65.22 is trading 56.5% above its estimated GF Value™ of ¥41.68.
GuruFocus considers Red Avenue New Materials Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:603650:
Receivables Turnover: 1.09
GF Value™: ¥41.68 vs. price of ¥65.22 (56.5% above fair value)
Industry Position: 81.1% below the Chemicals median (#1133 of 1586)
No single metric tells the full story. See the SHSE:603650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Red Avenue New Materials Group Co Ltd is a China-based company engages in the manufacture and sale of chemical products. The company produces rubber and plastic chemical additives and other products. The products manufactured by the company include polyethylene glycol, silica, alkylphenol disulfides, and cobalt neodecanoate. Its main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins.
75GF Score
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