Nancal Technology Co (SHSE:603859) Receivables Turnover : 0.32 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Nancal 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. Nancal Technology Co's Revenue for the three months ended in Mar. 2024 was ¥404 Mil. Nancal Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,281 Mil. Hence, Nancal Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.32.

Nancal Technology Co Receivables Turnover Historical Data

The historical data trend for Nancal 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.

* Premium members only.

Nancal Technology Co Receivables Turnover Chart

Nancal Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.55

1.70

1.37

1.24

Nancal 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															0.28	0.34	0.28	0.26	0.32

Competitive Comparison of Nancal Technology Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Nancal 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.

Nancal Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nancal Technology Co's Receivables Turnover distribution charts can be found below:

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

Nancal Technology Co Receivables Turnover Calculation

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

Nancal 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 )
=	1410.036	/ (	(1047.776	+	1225.305)	/	2 )
=	1410.036	/	1136.5405
=	1.24

Nancal 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 )
=	403.961	/ (	(1225.305	+	1337.023)	/	2 )
=	403.961	/	1281.164
=	0.32

Nancal Technology Co (SHSE:603859) 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.

Nancal Technology Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Nancal Technology Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Nancal Technology Co (SHSE:603859) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nancal Technology Co Ltd (SHSE:603859) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Guba Road, Chengguan Street, Fangshan District, No 9, Beijing, CHN, 100193

Website

http://www.nancal.com

Nancal Technology Co Ltd provides energy saving and intelligent manufacturing hardware and software integrated solutions for industrial enterprises in China. The company operates through the following business division Smart Electrical, Smart Charging and Smart Manufacturing. Its products are applied in the fields of petrochemical industry, iron and steel metallurgy, coal mining, aviation equipment and power new energy.

Nancal Technology Co (SHSE:603859) Headlines

No Headlines