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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. Grandit Co's Revenue for the
three
months ended in Jun. 2026 was ¥433 Mil. Grandit Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥372 Mil.
Hence, Grandit Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 1.16.
Grandit Co (SHSE:688549) 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.
Grandit Co Receivables Turnover Related Terms
Grandit Co Receivables Turnover Historical Data
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The historical data trend for Grandit 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.
SHSE:688549 vs LIN, SHW, ECL: Receivables Turnover Comparison
For the Specialty Chemicals subindustry, Grandit 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.
Grandit Co Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Grandit Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Grandit 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.
Grandit Co (SHSE:688549) has a Receivables Turnover of 1.16 as of Jun. 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 Grandit Co and its competitors. According to the industry distribution chart, Grandit Co ranks #1084 out of 1580 companies in the Chemicals industry, placing it in the top 68.6%.
Is Grandit Co's Receivables Turnover too high?
Grandit Co's current Receivables Turnover is 1.16. The Chemicals industry median Receivables Turnover is 5.64. Grandit Co's value of 1.16 is 79.4% below this industry median. Based on the distribution chart, Grandit Co ranks #1084 out of 1580 companies in the Chemicals industry, which is below the industry midpoint. Overall, Grandit Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grandit Co's Receivables Turnover compare to LIN and SHW?
According to the Chemicals industry distribution chart, Grandit Co ranks #1084 out of 1580 companies for Receivables Turnover. This places Grandit Co in the lower half of its industry. The industry median Receivables Turnover is 5.64. Grandit Co's value of 1.16 is 79.4% 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. Grandit Co's current Receivables Turnover of 1.16 is 79.4% 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 Grandit 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. Grandit Co's current Receivables Turnover is 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grandit Co stock overvalued right now?
Based on GuruFocus' analysis, Grandit Co (SHSE:688549) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.73, compared to a current price of ¥30.34 — trading 182.8% above its estimated fair value. The current Receivables Turnover is 1.16 and 79.4% below the Chemicals industry median of 5.64. Grandit Co's overall GF Score™ is 48/100 with 3 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 Grandit Co (SHSE:688549), the current Receivables Turnover is 1.16 as of Jun. 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 Grandit Co (SHSE:688549) Overvalued in 2026?
Based on GuruFocus' analysis, Grandit Co stock appears to be overvalued.
The current stock price of ¥30.34 is trading 182.8% above its estimated GF Value™ of ¥10.73.
GuruFocus considers Grandit Co to be Significantly Overvalued.
Key valuation signals for SHSE:688549:
Receivables Turnover: 1.16
GF Value™: ¥10.73 vs. price of ¥30.34 (182.8% above fair value)
Industry Position: 79.4% below the Chemicals median (#1084 of 1580)
No single metric tells the full story. See the SHSE:688549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grandit Co Ltd focuses on the research & development, production and sales of electronic chemical materials required by the semiconductor industry such as integrated circuits and display panels. The company's business has covered three major business segments: electronic wet chemicals, electronic specialty gases and precursor materials.
48GF Score
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