Beijing Tianyishangjia New Material (SHSE:688033) Receivables Turnover : 0.28 (As of Mar. 2024)

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What is Beijing Tianyishangjia New Material 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. Beijing Tianyishangjia New Material's Revenue for the three months ended in Mar. 2024 was ¥347 Mil. Beijing Tianyishangjia New Material's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,223 Mil. Hence, Beijing Tianyishangjia New Material's Receivables Turnover for the three months ended in Mar. 2024 was 0.28.

Beijing Tianyishangjia New Material Receivables Turnover Historical Data

The historical data trend for Beijing Tianyishangjia New Material'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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Beijing Tianyishangjia New Material Receivables Turnover Chart

Beijing Tianyishangjia New Material Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.78

1.12

1.43

1.28

1.96

Beijing Tianyishangjia New Material Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.33	0.69	0.73	0.29	0.28

Competitive Comparison of Beijing Tianyishangjia New Material's Receivables Turnover

For the Railroads subindustry, Beijing Tianyishangjia New Material'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.

Beijing Tianyishangjia New Material's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Beijing Tianyishangjia New Material's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Beijing Tianyishangjia New Material's Receivables Turnover falls into.

Beijing Tianyishangjia New Material Receivables Turnover Calculation

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

Beijing Tianyishangjia New Material's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2110.699	/ (	(949.562	+	1206.636)	/	2 )
=	2110.699	/	1078.099
=	1.96

Beijing Tianyishangjia New Material's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	347.417	/ (	(1206.636	+	1239.343)	/	2 )
=	347.417	/	1222.9895
=	0.28

Beijing Tianyishangjia New Material (SHSE:688033) 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.

Beijing Tianyishangjia New Material Receivables Turnover Related Terms

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Beijing Tianyishangjia New Material (SHSE:688033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Beijing Tianyishangjia New Material Corp Ltd (SHSE:688033) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 meters north of South Railway Road, Xixinli Village, Shangzhuang Town, Haidian District, Beijing, CHN, 100094

Website

http://www.bjtysj.com

Beijing Tianyishangjia New Material Corp Ltd Is engaged in the research and development, production and sales of powder metallurgy brakes and locomotives, urban rail brakes and brake shoes for high-speed trains.

Executives

Long Bo	Core technical personnel
Hu Chen	Core technical personnel
Wu Peng	Directors, senior managers
Yang Kai Lin	Directors, senior managers
Cheng Jing Lin	Core technical personnel
Wu Pei Fang	Director, core technical staff
Xia Fei	senior management
Liu Shuai	senior management
Cao Jing Wu	Senior management, core technical personnel
Shi Jia Cai Rang	Directors, senior managers, core technical personn
Hou Yu Bo	senior management

Beijing Tianyishangjia New Material (SHSE:688033) Headlines

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