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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. Zhejiang Xinhua Chemical Co's Revenue for the
three
months ended in Jun. 2026 was ¥877 Mil. Zhejiang Xinhua Chemical Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥459 Mil.
Hence, Zhejiang Xinhua Chemical Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 1.91.
Zhejiang Xinhua Chemical Co (SHSE:603867) 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.
Zhejiang Xinhua Chemical Co Receivables Turnover Related Terms
Zhejiang Xinhua Chemical 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.
Zhejiang Xinhua Chemical Co Receivables Turnover Chart
SHSE:603867 vs DOW: Receivables Turnover Comparison
For the Chemicals subindustry, Zhejiang Xinhua Chemical 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.
Zhejiang Xinhua Chemical Co Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Zhejiang Xinhua Chemical Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Zhejiang Xinhua Chemical 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.
Zhejiang Xinhua Chemical Co (SHSE:603867) has a Receivables Turnover of 1.91 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 Zhejiang Xinhua Chemical Co and its competitors. According to the industry distribution chart, Zhejiang Xinhua Chemical Co ranks #532 out of 1581 companies in the Chemicals industry, placing it in the top 33.6%.
Is Zhejiang Xinhua Chemical Co's Receivables Turnover too high?
Zhejiang Xinhua Chemical Co's current Receivables Turnover is 1.91. The Chemicals industry median Receivables Turnover is 5.66. Zhejiang Xinhua Chemical Co's value of 1.91 is 66.3% below this industry median. Based on the distribution chart, Zhejiang Xinhua Chemical Co ranks #532 out of 1581 companies in the Chemicals industry, which is above the industry midpoint. Overall, Zhejiang Xinhua Chemical Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Xinhua Chemical Co's Receivables Turnover compare to DOW?
According to the Chemicals industry distribution chart, Zhejiang Xinhua Chemical Co ranks #532 out of 1581 companies for Receivables Turnover. This puts Zhejiang Xinhua Chemical Co in the upper half of its industry. The industry median Receivables Turnover is 5.66. Zhejiang Xinhua Chemical Co's value of 1.91 is 66.3% 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 a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.66, based on 1,581 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. Zhejiang Xinhua Chemical Co's current Receivables Turnover of 1.91 is 66.3% 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 Zhejiang Xinhua Chemical Co and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Xinhua Chemical Co's current Receivables Turnover is 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Xinhua Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Xinhua Chemical Co (SHSE:603867) is currently considered Fairly Valued. The stock's GF Value™ is ¥29.60, compared to a current price of ¥28.20 — trading 4.7% below its estimated fair value. The current Receivables Turnover is 1.91 and 66.3% below the Chemicals industry median of 5.66. Zhejiang Xinhua Chemical Co's overall GF Score™ is 95/100 with 3 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 Zhejiang Xinhua Chemical Co (SHSE:603867), the current Receivables Turnover is 1.91 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 Zhejiang Xinhua Chemical Co (SHSE:603867) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Xinhua Chemical Co stock appears to be undervalued.
The current stock price of ¥28.20 is trading 4.7% below its estimated GF Value™ of ¥29.60.
GuruFocus considers Zhejiang Xinhua Chemical Co to be Fairly Valued.
Key valuation signals for SHSE:603867:
Receivables Turnover: 1.91
GF Value™: ¥29.60 vs. price of ¥28.20 (4.7% below fair value)
Industry Position: 66.3% below the Chemicals median (#532 of 1581)
No single metric tells the full story. See the SHSE:603867 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Xinhua Chemical Co Ltd is mainly engaged in the production and operation of Organic Amine series, Aroma chemical series, Peroxide series,Synthetic Ammonia series and other fine chemicals.
95GF Score
Get the complete analysis for SHSE:603867
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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