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RoadMainT Co (SHSE:603860) Receivables Turnover : 0.36 (As of Sep. 2024)


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What is RoadMainT 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. RoadMainT Co's Revenue for the three months ended in Sep. 2024 was ¥48.5 Mil. RoadMainT Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥134.9 Mil. Hence, RoadMainT Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.36.


RoadMainT Co Receivables Turnover Historical Data

The historical data trend for RoadMainT 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.

RoadMainT Co Receivables Turnover Chart

RoadMainT 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 2.06 1.77 1.96 1.96 2.12

RoadMainT 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 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 0.35 1.21 0.20 0.19 0.36

Competitive Comparison of RoadMainT Co's Receivables Turnover

For the Infrastructure Operations subindustry, RoadMainT 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.


RoadMainT Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, RoadMainT Co's Receivables Turnover distribution charts can be found below:

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



RoadMainT Co Receivables Turnover Calculation

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

RoadMainT 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 )
=260.542 / ((127.333 + 118.108) / 2 )
=260.542 / 122.7205
=2.12

RoadMainT 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 )
=48.51 / ((130.069 + 139.782) / 2 )
=48.51 / 134.9255
=0.36

* 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.


RoadMainT Co  (SHSE:603860) 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.


RoadMainT Co Receivables Turnover Related Terms

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RoadMainT Co Business Description

Traded in Other Exchanges
N/A
Address
Beijing to Kam Road 9, Building 4, Haidian District, Beijing, CHN, 100095
RoadMainT Co Ltd provides service for the highway maintenance industry. It develops road maintenance testing devices such as road damage identification system.
Executives
Pan Zong Jun senior management
Li Qiang senior management
Pan Yu Li Director
Cheng Shan Shan Supervisors

RoadMainT Co Headlines

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