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Forest Packaging Group Co (SHSE:605500) Receivables Turnover : 1.98 (As of Mar. 2025)


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What is Forest Packaging Group 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. Forest Packaging Group Co's Revenue for the three months ended in Mar. 2025 was ¥450 Mil. Forest Packaging Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥227 Mil. Hence, Forest Packaging Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.98.


Forest Packaging Group Co Receivables Turnover Historical Data

The historical data trend for Forest Packaging Group 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.

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Forest Packaging Group Co Receivables Turnover Chart

Forest Packaging Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 10.08 11.32 10.69 10.79 10.23

Forest Packaging Group Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.37 2.88 2.51 2.91 1.98

Competitive Comparison of Forest Packaging Group Co's Receivables Turnover

For the Packaging & Containers subindustry, Forest Packaging Group 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.


Forest Packaging Group Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Forest Packaging Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Forest Packaging Group Co's Receivables Turnover falls into.


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Forest Packaging Group Co Receivables Turnover Calculation

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

Forest Packaging Group Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=2362.661 / ((217.657 + 244.46) / 2 )
=2362.661 / 231.0585
=10.23

Forest Packaging Group Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=450.467 / ((244.46 + 210.083) / 2 )
=450.467 / 227.2715
=1.98

* 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.


Forest Packaging Group Co  (SHSE:605500) 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.


Forest Packaging Group Co Receivables Turnover Related Terms

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Forest Packaging Group Co Business Description

Traded in Other Exchanges
N/A
Address
Dayangcheng Industrial Zone, Zhejiang Province, Daxi Town, Wenling, CHN, 317525
Forest Packaging Group Co Ltd is engaged in the production and sales of packaging paper and its products. The company offers products such as paper box, corrugated box, color box, cardboard, carton box, paper bag and others.

Forest Packaging Group Co Headlines

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