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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. Mingxin New Material Co's Revenue for the
three
months ended in Jun. 2026 was ¥341 Mil. Mingxin New Material Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥488 Mil.
Hence, Mingxin New Material Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 0.70.
Mingxin New Material Co (SHSE:605068) 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.
Mingxin New Material Co Receivables Turnover Related Terms
Mingxin New Material Co Receivables Turnover Historical Data
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The historical data trend for Mingxin New Material 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.
Mingxin New Material Co Receivables Turnover Chart
SHSE:605068 vs ORLY, AZO, GPC: Receivables Turnover Comparison
For the Auto Parts subindustry, Mingxin New Material 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.
Mingxin New Material Co Receivables Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mingxin New Material Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Mingxin New Material 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.
Mingxin New Material Co (SHSE:605068) has a Receivables Turnover of 0.70 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 Mingxin New Material Co and its competitors. According to the industry distribution chart, Mingxin New Material Co ranks #1233 out of 1324 companies in the Vehicles & Parts industry, placing it in the top 93.1%.
Is Mingxin New Material Co's Receivables Turnover too high?
Mingxin New Material Co's current Receivables Turnover is 0.70. The Vehicles & Parts industry median Receivables Turnover is 5.98. Mingxin New Material Co's value of 0.70 is 88.3% below this industry median. Based on the distribution chart, Mingxin New Material Co ranks #1233 out of 1324 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Mingxin New Material Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mingxin New Material Co's Receivables Turnover compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Mingxin New Material Co ranks #1233 out of 1324 companies for Receivables Turnover. This places Mingxin New Material Co in the lower half of its industry. The industry median Receivables Turnover is 5.98. Mingxin New Material Co's value of 0.70 is 88.3% 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 Vehicles & Parts company?
The median Receivables Turnover among Vehicles & Parts companies is 5.98, based on 1,324 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. Mingxin New Material Co's current Receivables Turnover of 0.70 is 88.3% 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 Mingxin New Material Co and its competitors. For the Vehicles & Parts industry, the median Receivables Turnover is 5.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mingxin New Material Co's current Receivables Turnover is 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mingxin New Material Co stock overvalued right now?
Based on GuruFocus' analysis, Mingxin New Material Co (SHSE:605068) is currently considered Fairly Valued. The stock's GF Value™ is ¥25.44, compared to a current price of ¥23.50 — trading 7.6% below its estimated fair value. The current Receivables Turnover is 0.70 and 88.3% below the Vehicles & Parts industry median of 5.98. Mingxin New Material Co's overall GF Score™ is 81/100 with 5 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 Mingxin New Material Co (SHSE:605068), the current Receivables Turnover is 0.70 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 Mingxin New Material Co (SHSE:605068) Overvalued in 2026?
Based on GuruFocus' analysis, Mingxin New Material Co stock appears to be undervalued.
The current stock price of ¥23.50 is trading 7.6% below its estimated GF Value™ of ¥25.44.
GuruFocus considers Mingxin New Material Co to be Fairly Valued.
Key valuation signals for SHSE:605068:
Receivables Turnover: 0.70
GF Value™: ¥25.44 vs. price of ¥23.50 (7.6% below fair value)
Industry Position: 88.3% below the Vehicles & Parts median (#1233 of 1324)
No single metric tells the full story. See the SHSE:605068 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mingxin New Material Co Ltd is engaged in development, production and sales of automotive leather. The company's product is automotive interior leather, which is mainly used in automotive interior products such as seats, steering wheels, instrument panels, door panels and other high-end passenger cars.
81GF Score
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