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Sokan New Materials Group Co (SHSE:688157) Receivables Turnover : 0.43 (As of Mar. 2025)


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What is Sokan New Materials 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. Sokan New Materials Group Co's Revenue for the three months ended in Mar. 2025 was ¥153.1 Mil. Sokan New Materials Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥355.6 Mil. Hence, Sokan New Materials Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.43.


Sokan New Materials Group Co Receivables Turnover Historical Data

The historical data trend for Sokan New Materials 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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Sokan New Materials Group Co Receivables Turnover Chart

Sokan New Materials 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 2.25 2.38 2.31 2.31 2.19

Sokan New Materials 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 0.47 0.65 0.62 0.60 0.43

Competitive Comparison of Sokan New Materials Group Co's Receivables Turnover

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's Receivables Turnover Distribution in the 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.


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Sokan New Materials Group Co Receivables Turnover Calculation

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

Sokan New Materials 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 )
=745.526 / ((303.938 + 376.488) / 2 )
=745.526 / 340.213
=2.19

Sokan New Materials 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 )
=153.116 / ((376.488 + 334.759) / 2 )
=153.116 / 355.6235
=0.43

* 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) 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

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Sokan New Materials Group Co Business Description

Traded in Other Exchanges
N/A
Address
No.777, Sanhuan North Road, Ningxiang Economic and Technological Development Zone, Hunan Province, Ningxiang, CHN, 410600
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.
Executives
Director
Wang Wei Guo Directors, senior managers
Yang Bo Director
Wu Song Director
Li Ping Core technical personnel
Zhang Ying Qiang senior management
Mou Pei Kai Director
Xu Rui Hong Supervisors
Tang Xiao Qin Supervisors
Li Yu Liang Core technical personnel
Wu Jun Yun senior management

Sokan New Materials Group Co Headlines

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