Wuhan Lincontrol Automotive Electronics Co (SHSE:688667) Receivables Turnover : 0.91 (As of Sep. 2024)

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What is Wuhan Lincontrol Automotive Electronics 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. Wuhan Lincontrol Automotive Electronics Co's Revenue for the three months ended in Sep. 2024 was ¥294 Mil. Wuhan Lincontrol Automotive Electronics Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥324 Mil. Hence, Wuhan Lincontrol Automotive Electronics Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.91.

Wuhan Lincontrol Automotive Electronics Co Receivables Turnover Historical Data

The historical data trend for Wuhan Lincontrol Automotive Electronics 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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Wuhan Lincontrol Automotive Electronics Co Receivables Turnover Chart

Wuhan Lincontrol Automotive Electronics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.78

3.37

3.55

3.24

3.54

Wuhan Lincontrol Automotive Electronics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.86	1.02	0.85	1.01	0.91

Competitive Comparison of Wuhan Lincontrol Automotive Electronics Co's Receivables Turnover

For the Auto Parts subindustry, Wuhan Lincontrol Automotive Electronics 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.

Wuhan Lincontrol Automotive Electronics Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Wuhan Lincontrol Automotive Electronics Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wuhan Lincontrol Automotive Electronics Co's Receivables Turnover falls into.

Wuhan Lincontrol Automotive Electronics Co Receivables Turnover Calculation

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

Wuhan Lincontrol Automotive Electronics 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 )
=	1008.481	/ (	(210.39	+	359.581)	/	2 )
=	1008.481	/	284.9855
=	3.54

Wuhan Lincontrol Automotive Electronics Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	293.669	/ (	(310.639	+	338.21)	/	2 )
=	293.669	/	324.4245
=	0.91

Wuhan Lincontrol Automotive Electronics Co (SHSE:688667) 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 Lincontrol Automotive Electronics Co Receivables Turnover Related Terms

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Wuhan Lincontrol Automotive Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wuhan Lincontrol Automotive Electronics Co Ltd (SHSE:688667) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 8 Qingshui Road, Jinyinhu Street, Dongxihu District, Hubei Provinc, Wuhan, CHN, 430048

Website

http://www.whldqc.com

Wuhan Lincontrol Automotive Electronics Co Ltd is engaged in the research and development, production and sales of automobile engine management system, motorcycle engine management system, pure electric vehicle power electronic control system, and hybrid power electronic control systems.

Executives

Wu Zhang Hua	Directors, senior managers
Lian Zhang Zhen	Core technical personnel
Zhou Liang Run	Core technical personnel
Tian Kui	Core technical personnel
Guo Zi Jiang	Core technical personnel
Yu Jun Fa	Directors, senior managers, core technical personn
Chen Wei	senior management

Wuhan Lincontrol Automotive Electronics Co Headlines

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