GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Yifi Laser Corp Ltd (SHSE:688646) » Definitions » Receivables Turnover

Wuhan Yifi Laser (SHSE:688646) Receivables Turnover : 0.42 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Wuhan Yifi Laser 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. Wuhan Yifi Laser's Revenue for the three months ended in Mar. 2024 was ¥119.4 Mil. Wuhan Yifi Laser's average Accounts Receivable for the three months ended in Mar. 2024 was ¥281.1 Mil. Hence, Wuhan Yifi Laser's Receivables Turnover for the three months ended in Mar. 2024 was 0.42.


Wuhan Yifi Laser Receivables Turnover Historical Data

The historical data trend for Wuhan Yifi Laser'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.

* Premium members only.

Wuhan Yifi Laser Receivables Turnover Chart

Wuhan Yifi Laser Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
1.63 3.28 4.74 3.62 3.05

Wuhan Yifi Laser Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.91 0.60 0.87 0.42

Competitive Comparison of Wuhan Yifi Laser's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Wuhan Yifi Laser'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.


Wuhan Yifi Laser's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Wuhan Yifi Laser's Receivables Turnover falls into.



Wuhan Yifi Laser Receivables Turnover Calculation

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

Wuhan Yifi Laser'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 )
=697.203 / ((182.971 + 273.523) / 2 )
=697.203 / 228.247
=3.05

Wuhan Yifi Laser'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 )
=119.448 / ((273.523 + 288.655) / 2 )
=119.448 / 281.089
=0.42

* 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.


Wuhan Yifi Laser  (SHSE:688646) 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.


Wuhan Yifi Laser Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Wuhan Yifi Laser's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Wuhan Yifi Laser (SHSE:688646) Business Description

Traded in Other Exchanges
N/A
Address
No. 999 Gaoxin Avenue, Room 1101, Building C1, Phase I, Longshan Innovation Park, Wuhan Future Science and Technology City, East Lake High-tech Development Zone, Hubei, Wuhan, CHN, 430000
Wuhan Yifi Laser Corp Ltd is engaged in Research and development, design, production and sales of precision laser processing intelligent equipment.

Wuhan Yifi Laser (SHSE:688646) Headlines

No Headlines