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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. Ningbo Water Meter (Group) Co's Revenue for the
three
months ended in Jun. 2026 was ¥484 Mil. Ningbo Water Meter (Group) Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥901 Mil.
Hence, Ningbo Water Meter (Group) Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 0.54.
Ningbo Water Meter (Group) Co (SHSE:603700) 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.
Ningbo Water Meter (Group) Co Receivables Turnover Related Terms
Ningbo Water Meter (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.
Ningbo Water Meter (Group) Co Receivables Turnover Chart
SHSE:603700 vs VRT, BE: Receivables Turnover Comparison
For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (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.
Ningbo Water Meter (Group) Co Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Ningbo Water Meter (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.
Ningbo Water Meter (Group) Co (SHSE:603700) has a Receivables Turnover of 0.54 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 Ningbo Water Meter (Group) Co and its competitors. According to the industry distribution chart, Ningbo Water Meter (Group) Co ranks #2655 out of 3045 companies in the Industrial Products industry, placing it in the top 87.2%.
Is Ningbo Water Meter (Group) Co's Receivables Turnover too high?
Ningbo Water Meter (Group) Co's current Receivables Turnover is 0.54. The Industrial Products industry median Receivables Turnover is 4.51. Ningbo Water Meter (Group) Co's value of 0.54 is 88% below this industry median. Based on the distribution chart, Ningbo Water Meter (Group) Co ranks #2655 out of 3045 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ningbo Water Meter (Group) Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Water Meter (Group) Co's Receivables Turnover compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Water Meter (Group) Co ranks #2655 out of 3045 companies for Receivables Turnover. This places Ningbo Water Meter (Group) Co in the lower half of its industry. The industry median Receivables Turnover is 4.51. Ningbo Water Meter (Group) Co's value of 0.54 is 88% 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 an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.51, based on 3,045 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. Ningbo Water Meter (Group) Co's current Receivables Turnover of 0.54 is 88% 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 Ningbo Water Meter (Group) Co and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Water Meter (Group) Co's current Receivables Turnover is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Water Meter (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Water Meter (Group) Co (SHSE:603700) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥14.28, compared to a current price of ¥11.88 — trading 16.8% below its estimated fair value. The current Receivables Turnover is 0.54 and 88% below the Industrial Products industry median of 4.51. Ningbo Water Meter (Group) Co's overall GF Score™ is 70/100 with 4 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 Ningbo Water Meter (Group) Co (SHSE:603700), the current Receivables Turnover is 0.54 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 Ningbo Water Meter (Group) Co (SHSE:603700) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Water Meter (Group) Co stock appears to be undervalued.
The current stock price of ¥11.88 is trading 16.8% below its estimated GF Value™ of ¥14.28.
GuruFocus considers Ningbo Water Meter (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:603700:
Receivables Turnover: 0.54
GF Value™: ¥14.28 vs. price of ¥11.88 (16.8% below fair value)
Industry Position: 88% below the Industrial Products median (#2655 of 3045)
No single metric tells the full story. See the SHSE:603700 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.
70GF Score
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