Guangdong Songyang Recycle Resources Co (SHSE:603863) Receivables Turnover: 121.64 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603863 Guangdong Songyang Recycle Resources Co Ltd SHSE:603863
48 GF Score
Price ¥12.96
GF Value ¥15.74
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Guangdong Songyang Recycle Resources Co Receivables Turnover?

Guangdong Songyang Recycle Resources Co SHSE:603863 +1.49% 48 Receivables Turnover is 121.64 as of Mar. 2026. GuruFocus rates SHSE:603863 with a GF Score™ of 48/100 and a GF Value™ of ¥15.74 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 281 Forest Products companies, Guangdong Songyang Recycle Resources Co ranks better than 98.58% on this metric.

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. Guangdong Songyang Recycle Resources Co's Revenue for the three months ended in Mar. 2026 was ¥121.0 Mil. Guangdong Songyang Recycle Resources Co's average Accounts Receivable for the three months ended in Mar. 2026 was ¥1.0 Mil. Hence, Guangdong Songyang Recycle Resources Co's Receivables Turnover for the three months ended in Mar. 2026 was 121.64.


Guangdong Songyang Recycle Resources Co  (SHSE:603863) 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.


Guangdong Songyang Recycle Resources Co Receivables Turnover Related Terms


Guangdong Songyang Recycle Resources Co Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Guangdong Songyang Recycle Resources 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.

Guangdong Songyang Recycle Resources Co Receivables Turnover Chart

Guangdong Songyang Recycle Resources Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.06 14.37 13.27 26.74 74.78

Guangdong Songyang Recycle Resources Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 10.12 9.35 9.30 48.12 121.64

Guangdong Songyang Recycle Resources Co Receivables Turnover Competitor Comparison

For the Paper & Paper Products subindustry, Guangdong Songyang Recycle Resources 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.


Guangdong Songyang Recycle Resources Co Receivables Turnover vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Guangdong Songyang Recycle Resources Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Songyang Recycle Resources Co's Receivables Turnover falls into.


SHSE:603863
48GF Score
Guangdong Songyang Recycle Resources Co Ltd SHSE:603863
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Guangdong Songyang Recycle Resources Co Receivables Turnover Calculation

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

Guangdong Songyang Recycle Resources Co's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=443.167 / ((10.344 + 1.509) / 2 )
=443.167 / 5.9265
=74.78

Guangdong Songyang Recycle Resources Co's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=121.028 / ((1.509 + 0.481) / 2 )
=121.028 / 0.995
=121.64

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 121.64 mean?
Guangdong Songyang Recycle Resources Co (SHSE:603863) has a Receivables Turnover of 121.64 as of Mar. 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 Guangdong Songyang Recycle Resources Co and its competitors. According to the industry distribution chart, Guangdong Songyang Recycle Resources Co ranks #4 out of 281 companies in the Forest Products industry, placing it in the top 1.4%.
Is Guangdong Songyang Recycle Resources Co's Receivables Turnover too high?
Guangdong Songyang Recycle Resources Co's current Receivables Turnover is 121.64. The Forest Products industry median Receivables Turnover is 6.69. Guangdong Songyang Recycle Resources Co's value of 121.64 is 1718.2% above this industry median. Based on the distribution chart, Guangdong Songyang Recycle Resources Co ranks #4 out of 281 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Guangdong Songyang Recycle Resources Co has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Songyang Recycle Resources Co's Receivables Turnover compare to competitors?
According to the Forest Products industry distribution chart, Guangdong Songyang Recycle Resources Co ranks #4 out of 281 companies for Receivables Turnover. This places Guangdong Songyang Recycle Resources Co in the top 1% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 6.69. Guangdong Songyang Recycle Resources Co's value of 121.64 is 1718.2% above 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 a Forest Products company?
The median Receivables Turnover among Forest Products companies is 6.69, based on 281 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. Guangdong Songyang Recycle Resources Co's current Receivables Turnover of 121.64 is 1718.2% above 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 Guangdong Songyang Recycle Resources Co and its competitors. For the Forest Products industry, the median Receivables Turnover is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Songyang Recycle Resources Co's current Receivables Turnover is 121.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Songyang Recycle Resources Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Songyang Recycle Resources Co (SHSE:603863) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.74, compared to a current price of ¥12.96 — trading 17.7% below its estimated fair value. The current Receivables Turnover is 121.64 and 1718.2% above the Forest Products industry median of 6.69. Guangdong Songyang Recycle Resources Co's overall GF Score™ is 48/100 with 6 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 Guangdong Songyang Recycle Resources Co (SHSE:603863), the current Receivables Turnover is 121.64 as of Mar. 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 Guangdong Songyang Recycle Resources Co (SHSE:603863) Overvalued in 2026?

Based on GuruFocus' analysis, Guangdong Songyang Recycle Resources Co stock appears to be undervalued. The current stock price of ¥12.96 is trading 17.7% below its estimated GF Value™ of ¥15.74. GuruFocus considers Guangdong Songyang Recycle Resources Co to be Modestly Undervalued.

Key valuation signals for SHSE:603863:

  • Receivables Turnover: 121.64
  • GF Value™: ¥15.74 vs. price of ¥12.96 (17.7% below fair value)
  • GF Score™: 48/100 with 6 warning signs
  • Industry Position: 1718.2% above the Forest Products median (#4 of 281)

No single metric tells the full story. See the SHSE:603863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Guangdong Songyang Recycle Resources Co Business Description

Address West side of the office building, Hongli Industrial Zone, Lianxia Town, Chenghai District, Guangdong Province, Shantou City, CHN, 515800
Guangdong Songyang Recycle Resources Co Ltd is a high-tech enterprise engaged in the research and development, production and sales of environmentally-friendly recycled paper.
48GF Score

Get the complete analysis for SHSE:603863

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥12.96
Price
¥15.74
GF Value