KTK Group Co (SHSE:603680) Receivables Turnover : 0.35 (As of Sep. 2024)

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What is KTK Group 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. KTK Group Co's Revenue for the three months ended in Sep. 2024 was ¥1,078 Mil. KTK Group Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥3,123 Mil. Hence, KTK Group Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.35.

KTK Group Co Receivables Turnover Historical Data

The historical data trend for KTK Group 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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KTK Group Co Receivables Turnover Chart

KTK Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.97

1.82

1.63

1.46

1.42

KTK Group 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															0.31	0.36	0.32	0.36	0.35

Competitive Comparison of KTK Group Co's Receivables Turnover

For the Railroads subindustry, KTK 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.

KTK Group Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, KTK Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where KTK Group Co's Receivables Turnover falls into.

KTK Group Co Receivables Turnover Calculation

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

KTK Group 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 )
=	3697.339	/ (	(2444.799	+	2774.288)	/	2 )
=	3697.339	/	2609.5435
=	1.42

KTK Group 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 )
=	1078.451	/ (	(3048.625	+	3197.383)	/	2 )
=	1078.451	/	3123.004
=	0.35

KTK Group Co (SHSE:603680) 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.

KTK Group Co Receivables Turnover Related Terms

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KTK Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » KTK Group Co Ltd (SHSE:603680) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.88-89, Jinchuang Road, Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213000

Website

http://www.ktk.com.cn

KTK Group Co Ltd is engaged in research and development, production, sales and service of rail transit vehicle accessory products. The company's products are mainly divided into rail transport vehicles interior, electrical and equipment products, covering more than a thousand subdivision products such as door system, seat, and kitchen. Further, it is also engaged in the manufacturing of auxiliary electrical systems, information display systems, coupler systems, brake systems, shock absorption systems and other ancillary products. The company primarily serves global rail transit equipment giants such as China CRRC, Bombardier, Alstom, and Siemens, as well as Chinese urban rail metro customers.

Executives

Ge Yao Hong	Directors, senior managers
Sun Chao	senior management
Cao Zhang Bao	senior management
Li Jun	Directors, senior managers
Jin Yan	Directors, senior managers
Wang Hong Bin	senior management
Zou Chun Zhong	senior management
Zhang Huai Bin	senior management
Wang Yi Jin	senior management
Zuo Xiao Peng	senior management
Du Yan	Director
Luo Yi	Directors, senior managers
Yu Jin Kun	Directors, senior managers
Zhang Cun Gang	Supervisors
Qian Bo	Supervisors

KTK Group Co Headlines

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