Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Receivables Turnover : 0.92 (As of Mar. 2024)

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What is Argus (Shanghai) Textile Chemicals 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. Argus (Shanghai) Textile Chemicals Co's Revenue for the three months ended in Mar. 2024 was ¥217.1 Mil. Argus (Shanghai) Textile Chemicals Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥237.3 Mil. Hence, Argus (Shanghai) Textile Chemicals Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.92.

Argus (Shanghai) Textile Chemicals Co Receivables Turnover Historical Data

The historical data trend for Argus (Shanghai) Textile Chemicals 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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Argus (Shanghai) Textile Chemicals Co Receivables Turnover Chart

Argus (Shanghai) Textile Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.70

3.43

3.76

3.47

3.88

Argus (Shanghai) Textile Chemicals 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															0.87	0.82	0.83	0.80	0.92

Competitive Comparison of Argus (Shanghai) Textile Chemicals Co's Receivables Turnover

For the Specialty Chemicals subindustry, Argus (Shanghai) Textile Chemicals 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.

Argus (Shanghai) Textile Chemicals Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Argus (Shanghai) Textile Chemicals Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Argus (Shanghai) Textile Chemicals Co's Receivables Turnover falls into.

Argus (Shanghai) Textile Chemicals Co Receivables Turnover Calculation

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

Argus (Shanghai) Textile Chemicals 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 )
=	773.954	/ (	(193.864	+	205.461)	/	2 )
=	773.954	/	199.6625
=	3.88

Argus (Shanghai) Textile Chemicals 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 )
=	217.125	/ (	(205.461	+	269.061)	/	2 )
=	217.125	/	237.261
=	0.92

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) 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.

Argus (Shanghai) Textile Chemicals Co Receivables Turnover Related Terms

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Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Argus (Shanghai) Textile Chemicals Co Ltd (SHSE:603790) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 388 Jinyuan Liu Road, Jiangqiao, Jiading, Room 275-278, Building 16, Shanghai, CHN, 201812

Website

http://www.argus.net.cn

Argus (Shanghai) Textile Chemicals Co Ltd is a Chinese company that manufactures dyes. The company is specialized in the research and development, manufacturing and marketing of textile chemicals and providing technical support services for several specialties. It offers Dyes for cellulose, polyamide, wool, polyester, and silk. While its other products categories include Argasoft products and other auxiliary services related to dying.

Executives

Xie Bing	Directors, senior managers
Gu Zhe Dong	Director
Xu Ya Qin	senior management
Cheng Yu Qing	senior management
Ceng Jian Ping	Director
Hong Bin	senior management
Zheng Yi Hua	Director

Argus (Shanghai) Textile Chemicals Co (SHSE:603790) Headlines

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