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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. Sokan New Materials Group Co's Revenue for the
three
months ended in Mar. 2026 was ¥125.0 Mil. Sokan New Materials Group Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥260.5 Mil.
Hence, Sokan New Materials Group Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.48.
Sokan New Materials Group Co (SHSE:688157) 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.
Sokan New Materials Group Co Receivables Turnover Related Terms
Sokan New Materials Group Co Receivables Turnover Historical Data
* 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.
Sokan New Materials Group Co Receivables Turnover Chart
SHSE:688157 vs LIN, SHW, ECL: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, Sokan New Materials 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.
Sokan New Materials Group Co Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sokan New Materials Group Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Sokan New Materials Group 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.
Sokan New Materials Group Co (SHSE:688157) has a Receivables Turnover of 0.48 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 Sokan New Materials Group Co and its competitors. According to the industry distribution chart, Sokan New Materials Group Co ranks #1496 out of 1580 companies in the Chemicals industry, placing it in the top 94.7%.
Is Sokan New Materials Group Co's Receivables Turnover too high?
Sokan New Materials Group Co's current Receivables Turnover is 0.48. The Chemicals industry median Receivables Turnover is 5.64. Sokan New Materials Group Co's value of 0.48 is 91.5% below this industry median. Based on the distribution chart, Sokan New Materials Group Co ranks #1496 out of 1580 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Sokan New Materials Group Co has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sokan New Materials Group Co's Receivables Turnover compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sokan New Materials Group Co ranks #1496 out of 1580 companies for Receivables Turnover. This places Sokan New Materials Group Co in the lower half of its industry. The industry median Receivables Turnover is 5.64. Sokan New Materials Group Co's value of 0.48 is 91.5% 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 Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.64, based on 1,580 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. Sokan New Materials Group Co's current Receivables Turnover of 0.48 is 91.5% 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 Sokan New Materials Group Co and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sokan New Materials Group Co's current Receivables Turnover is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sokan New Materials Group Co stock overvalued right now?
Based on GuruFocus' analysis, Sokan New Materials Group Co (SHSE:688157) is currently considered Possible Value Trap. The stock's GF Value™ is ¥35.53, compared to a current price of ¥18.50 — trading 47.9% below its estimated fair value. The current Receivables Turnover is 0.48 and 91.5% below the Chemicals industry median of 5.64. Sokan New Materials Group Co's overall GF Score™ is 63/100 with 10 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 Sokan New Materials Group Co (SHSE:688157), the current Receivables Turnover is 0.48 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 Sokan New Materials Group Co (SHSE:688157) Overvalued in 2026?
Based on GuruFocus' analysis, Sokan New Materials Group Co stock appears to be undervalued.
The current stock price of ¥18.50 is trading 47.9% below its estimated GF Value™ of ¥35.53.
GuruFocus considers Sokan New Materials Group Co to be Possible Value Trap.
Key valuation signals for SHSE:688157:
Receivables Turnover: 0.48
GF Value™: ¥35.53 vs. price of ¥18.50 (47.9% below fair value)
Industry Position: 91.5% below the Chemicals median (#1496 of 1580)
No single metric tells the full story. See the SHSE:688157 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sokan New Materials Group Co Ltd is engaged in the production and sales of new functional coating materials such as paints and special inks. It provides services to market segments such as mobile phones and related accessories, notebook computers and related accessories, wearable devices, and smart home appliances, passenger cars.
63GF Score
Get the complete analysis for SHSE:688157
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