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Zhejiang Xinao TextilesSHSE:603889 93 Receivables Turnover is 2.20 as of Mar. 2026. GuruFocus rates SHSE:603889 with a GF Score™ of 93/100 and a GF Value™ of ¥6.72 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,032 Manufacturing - Apparel & Accessories companies, Zhejiang Xinao Textiles ranks better than 58.53% 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. Zhejiang Xinao Textiles's Revenue for the
three
months ended in Mar. 2026 was ¥1,285 Mil. Zhejiang Xinao Textiles's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥583 Mil.
Hence, Zhejiang Xinao Textiles's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.20.
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 Xinao Textiles Receivables Turnover Related Terms
Zhejiang Xinao Textiles Receivables Turnover Historical Data
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The historical data trend for Zhejiang Xinao Textiles'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.
For the Textile Manufacturing subindustry, Zhejiang Xinao Textiles'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 Xinao Textiles Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Xinao Textiles's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Zhejiang Xinao Textiles'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 Xinao Textiles (SHSE:603889) has a Receivables Turnover of 2.20 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 Zhejiang Xinao Textiles and its competitors. According to the industry distribution chart, Zhejiang Xinao Textiles ranks #428 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 41.5%.
Is Zhejiang Xinao Textiles' Receivables Turnover too high?
Zhejiang Xinao Textiles' current Receivables Turnover is 2.20. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.89. Zhejiang Xinao Textiles' value of 2.20 is 68.1% below this industry median. Based on the distribution chart, Zhejiang Xinao Textiles ranks #428 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Zhejiang Xinao Textiles has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Xinao Textiles' Receivables Turnover compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zhejiang Xinao Textiles ranks #428 out of 1032 companies for Receivables Turnover. This puts Zhejiang Xinao Textiles in the upper half of its industry. The industry median Receivables Turnover is 6.89. Zhejiang Xinao Textiles' value of 2.20 is 68.1% 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 Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.89, based on 1,032 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 Xinao Textiles's current Receivables Turnover of 2.20 is 68.1% 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 Xinao Textiles and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Xinao Textiles's current Receivables Turnover is 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Xinao Textiles stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Xinao Textiles (SHSE:603889) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.72, compared to a current price of ¥5.63 — trading 16.2% below its estimated fair value. The current Receivables Turnover is 2.20 and 68.1% below the Manufacturing - Apparel & Accessories industry median of 6.89. Zhejiang Xinao Textiles' overall GF Score™ is 93/100 with 4 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 Xinao Textiles (SHSE:603889), the current Receivables Turnover is 2.20 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 Zhejiang Xinao Textiles (SHSE:603889) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Xinao Textiles stock appears to be undervalued.
The current stock price of ¥5.63 is trading 16.2% below its estimated GF Value™ of ¥6.72.
GuruFocus considers Zhejiang Xinao Textiles to be Modestly Undervalued.
Key valuation signals for SHSE:603889:
Receivables Turnover: 2.20
GF Value™: ¥6.72 vs. price of ¥5.63 (16.2% below fair value)
Industry Position: 68.1% below the Manufacturing - Apparel & Accessories median (#428 of 1032)
No single metric tells the full story. See the SHSE:603889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Xinao Textiles Inc along with its subsidiaries is engaged in research, development, production & sales of worsted yarn. The company's main products and services include: worsted, woolen pure wool, and wool blended yarns; woolen, worsted pure cashmere and cashmere blended yarns.
93GF Score
Get the complete analysis for SHSE:603889
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