Shenzhen United Winners Laser Co (SHSE:688518) Receivables Turnover : 0.47 (As of Mar. 2024)

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What is Shenzhen United Winners Laser 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. Shenzhen United Winners Laser Co's Revenue for the three months ended in Mar. 2024 was ¥728 Mil. Shenzhen United Winners Laser Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,550 Mil. Hence, Shenzhen United Winners Laser Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.47.

Shenzhen United Winners Laser Co Receivables Turnover Historical Data

The historical data trend for Shenzhen United Winners Laser 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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Shenzhen United Winners Laser Co Receivables Turnover Chart

Shenzhen United Winners Laser Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.25

2.60

3.12

3.51

2.76

Shenzhen United Winners Laser Co 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															0.67	0.75	0.64	0.67	0.47

Competitive Comparison of Shenzhen United Winners Laser Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Shenzhen United Winners Laser 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.

Shenzhen United Winners Laser Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen United Winners Laser Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen United Winners Laser Co's Receivables Turnover falls into.

Shenzhen United Winners Laser Co Receivables Turnover Calculation

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

Shenzhen United Winners Laser 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 )
=	3512.258	/ (	(1065.543	+	1476.129)	/	2 )
=	3512.258	/	1270.836
=	2.76

Shenzhen United Winners Laser Co'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 )
=	728.003	/ (	(1476.129	+	1623.865)	/	2 )
=	728.003	/	1549.997
=	0.47

Shenzhen United Winners Laser Co (SHSE:688518) 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.

Shenzhen United Winners Laser Co Receivables Turnover Related Terms

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Shenzhen United Winners Laser Co (SHSE:688518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen United Winners Laser Co Ltd (SHSE:688518) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3370 Liuxian Avenue, Taoyuan Street, 1203, Building 2, Chongwen Park, Nanshan Zhiyuan, Fuguang Community, Nanshan District, Guangdong Province, Shenzhen, CHN, 518055

Website

http://www.uwlaser.com

Shenzhen United Winners Laser Co Ltd is engaged in production and sales of precision laser welding machines and laser welding automation equipment. The company's laser welding machine and related automation is used in automobile, battery, consumer electronics, sensor, hardware & home appliance, optical communication, flat plate solar energy collectors, mold repair welding machine, laser welding for plastic, laser soldering & brazing, software, among others.

Executives

Zhou Hang	Core technical personnel
Lu Guo Jie	senior management
Qin Lei	senior management
Xie Qiang	senior management
Li Yi	senior management
Guo Zi Ran	senior management
Niu Zeng Qiang	Director
Han Jin Long	Director
Jia Song	Director

Shenzhen United Winners Laser Co (SHSE:688518) Headlines

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