Bozhon Precision Industry Technology Co (SHSE:688097) Receivables Turnover : 0.53 (As of Sep. 2024)

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What is Bozhon Precision Industry Technology 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. Bozhon Precision Industry Technology Co's Revenue for the three months ended in Sep. 2024 was ¥1,441 Mil. Bozhon Precision Industry Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥2,706 Mil. Hence, Bozhon Precision Industry Technology Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.53.

Bozhon Precision Industry Technology Co Receivables Turnover Historical Data

The historical data trend for Bozhon Precision Industry Technology 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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Bozhon Precision Industry Technology Co Receivables Turnover Chart

Bozhon Precision Industry Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.25

2.31

2.53

2.63

2.15

Bozhon Precision Industry Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.81	0.68	0.30	0.43	0.53

Competitive Comparison of Bozhon Precision Industry Technology Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Bozhon Precision Industry Technology 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.

Bozhon Precision Industry Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bozhon Precision Industry Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bozhon Precision Industry Technology Co's Receivables Turnover falls into.

Bozhon Precision Industry Technology Co Receivables Turnover Calculation

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

Bozhon Precision Industry Technology Co'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 )
=	4839.85	/ (	(1993.374	+	2501.733)	/	2 )
=	4839.85	/	2247.5535
=	2.15

Bozhon Precision Industry Technology Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1440.781	/ (	(2629.819	+	2782.07)	/	2 )
=	1440.781	/	2705.9445
=	0.53

Bozhon Precision Industry Technology Co (SHSE:688097) 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.

Bozhon Precision Industry Technology Co Receivables Turnover Related Terms

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Bozhon Precision Industry Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bozhon Precision Industry Technology Co Ltd (SHSE:688097) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 666, Huxin West Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215222

Website

https://www.bozhon.com

Bozhon Precision Industry Technology Co Ltd is engaged in the research and development, design, production, sales and technical services of automation equipment, automated flexible production lines, automated key components, and tooling tools.

Executives

Zhi Chuan Ming	Core technical personnel
Han Jie	Directors, senior managers
Jiang Jian	Directors, senior managers
Zhu Xiao Feng	Core technical personnel
Ma Jin Yong	senior management
Song Huai Liang	Directors, senior managers
Huang Liang Zhi	senior management
Meng Jian	Senior management, core technical personnel
Yang Yu Qiang	Senior management, core technical personnel
Lv Shao Lin	Director

Bozhon Precision Industry Technology Co Headlines

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