Shareate Tools (SHSE:688257) Receivables Turnover : 0.72 (As of Mar. 2025)

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What is Shareate Tools 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. Shareate Tools's Revenue for the three months ended in Mar. 2025 was ¥528 Mil. Shareate Tools's average Accounts Receivable for the three months ended in Mar. 2025 was ¥733 Mil. Hence, Shareate Tools's Receivables Turnover for the three months ended in Mar. 2025 was 0.72.

Shareate Tools Receivables Turnover Historical Data

The historical data trend for Shareate Tools'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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Shareate Tools Receivables Turnover Chart

Shareate Tools Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.50

3.91

3.54

3.22

2.98

Shareate Tools 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															0.71	0.78	0.68	0.72	0.72

Competitive Comparison of Shareate Tools's Receivables Turnover

For the Tools & Accessories subindustry, Shareate Tools'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.

Shareate Tools's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shareate Tools's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shareate Tools's Receivables Turnover falls into.

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Shareate Tools Receivables Turnover Calculation

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

Shareate Tools'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 )
=	1861.833	/ (	(536.726	+	714.409)	/	2 )
=	1861.833	/	625.5675
=	2.98

Shareate Tools'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 )
=	528.306	/ (	(714.409	+	751.059)	/	2 )
=	528.306	/	732.734
=	0.72

Shareate Tools (SHSE:688257) 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.

Shareate Tools Receivables Turnover Related Terms

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Shareate Tools Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shareate Tools Ltd (SHSE:688257) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

133 Shuangma Street, Weiting Town, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215121

Website

http://www.shareate.com

Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, the USA, Canada and other countries.

Executives

Yang Han Min	Core technical personnel
Li Ning	Core technical personnel
	senior management
Lu Qing Zhong	Core technical personnel
Liu Yong	senior management
Zhang Yong Qiang	Supervisors
Rao Xiang	senior management
Wu He Hong	Directors, senior managers
Xue You Gang	Supervisors
Yuan Ai	Directors, senior managers
Liu Guo Zhu	Directors, senior managers

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