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Jinhua Chunguang Technology Co (SHSE:603657) Receivables Turnover : 0.74 (As of Mar. 2024)


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What is Jinhua Chunguang 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. Jinhua Chunguang Technology Co's Revenue for the three months ended in Mar. 2024 was ¥364 Mil. Jinhua Chunguang Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥492 Mil. Hence, Jinhua Chunguang Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.74.


Jinhua Chunguang Technology Co Receivables Turnover Historical Data

The historical data trend for Jinhua Chunguang 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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Jinhua Chunguang Technology Co Receivables Turnover Chart

Jinhua Chunguang Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.15 3.57 3.41 3.70 3.24

Jinhua Chunguang 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.91 0.85 0.90 0.74

Competitive Comparison of Jinhua Chunguang Technology Co's Receivables Turnover

For the Consumer Electronics subindustry, Jinhua Chunguang 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.


Jinhua Chunguang Technology Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jinhua Chunguang Technology Co's Receivables Turnover distribution charts can be found below:

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



Jinhua Chunguang Technology Co Receivables Turnover Calculation

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

Jinhua Chunguang 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 )
=1819.984 / ((580.41 + 543.439) / 2 )
=1819.984 / 561.9245
=3.24

Jinhua Chunguang 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 )
=364.024 / ((543.439 + 441.439) / 2 )
=364.024 / 492.439
=0.74

* 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.


Jinhua Chunguang Technology Co  (SHSE:603657) 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.


Jinhua Chunguang Technology Co Receivables Turnover Related Terms

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Jinhua Chunguang Technology Co (SHSE:603657) Business Description

Traded in Other Exchanges
N/A
Address
No. 420, Anwen Road, Zhejiang Province, Jinhua, CHN, 321000
Jinhua Chunguang Technology Co Ltd is a research and development, and manufacturing company of hose assembly for cleaning appliances. The products of the company include central vacuum cleaner hose series, steel wire, extrusion hose, blow mould hose, wet vacuum hose, and vacuum cleaner accessories for home.
Executives
Lv Jing Directors, senior managers
Wu Jian Kai senior management
Fu Wei Cai senior management
Wang Sheng Yong Directors, senior managers
Zhang Chun Xia Director
Chen Kai Director
Chen Zheng Ming Director

Jinhua Chunguang Technology Co (SHSE:603657) Headlines

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