GuangDong Leary New Material Technology Co (SHSE:688683) Receivables Turnover : 0.60 (As of Mar. 2025)

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What is GuangDong Leary New Material Technology 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. GuangDong Leary New Material Technology Co's Revenue for the three months ended in Mar. 2025 was ¥165.2 Mil. GuangDong Leary New Material Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥273.3 Mil. Hence, GuangDong Leary New Material Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.60.

GuangDong Leary New Material Technology Co Receivables Turnover Historical Data

The historical data trend for GuangDong Leary New Material Technology 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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GuangDong Leary New Material Technology Co Receivables Turnover Chart

GuangDong Leary New Material Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.63

2.83

2.67

2.25

2.37

GuangDong Leary New Material Technology Co 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															0.51	0.61	0.61	0.66	0.60

Competitive Comparison of GuangDong Leary New Material Technology Co's Receivables Turnover

For the Chemicals subindustry, GuangDong Leary New Material Technology 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.

GuangDong Leary New Material Technology Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, GuangDong Leary New Material Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GuangDong Leary New Material Technology Co's Receivables Turnover falls into.

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GuangDong Leary New Material Technology Co Receivables Turnover Calculation

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

GuangDong Leary New Material Technology Co'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 )
=	525.647	/ (	(192.21	+	250.592)	/	2 )
=	525.647	/	221.401
=	2.37

GuangDong Leary New Material Technology Co'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 )
=	165.244	/ (	(250.592	+	296.009)	/	2 )
=	165.244	/	273.3005
=	0.60

GuangDong Leary New Material Technology Co (SHSE:688683) 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.

GuangDong Leary New Material Technology Co Receivables Turnover Related Terms

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GuangDong Leary New Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » GuangDong Leary New Material Technology Co Ltd (SHSE:688683) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Beishui Industrial Zone, Bai'an Road, Xingtan Town, Shunde District, Guangdong Province, Foshan, CHN, 528325

Website

https://www.leary.com.cn

GuangDong Leary New Material Technology Co Ltd is engaged in the research and development, production and sales of functional coating film materials and downstream application products.

Executives

Gong Wei Quan	Director
Fan Xiao Ping	Director
Liang Yun Xiang	senior management
Zhou Song Hua	Director
Wu Jin Tu	Director
Gong Wei Quan	Director
Wu Zhong Qian	Director
Nie Zhi Jin	senior management

GuangDong Leary New Material Technology Co Headlines

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