Baota Industry Co (SZSE:000595) Receivables Turnover : 0.38 (As of Mar. 2024)

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What is Baota Industry 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. Baota Industry Co's Revenue for the three months ended in Mar. 2024 was ¥57.2 Mil. Baota Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥151.5 Mil. Hence, Baota Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.38.

Baota Industry Co Receivables Turnover Historical Data

The historical data trend for Baota Industry 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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Baota Industry Co Receivables Turnover Chart

Baota Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.04

1.33

1.55

1.94

1.93

Baota Industry 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															0.33	0.38	0.48	0.79	0.38

Competitive Comparison of Baota Industry Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Baota Industry 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.

Baota Industry Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Baota Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Baota Industry Co's Receivables Turnover falls into.

Baota Industry Co Receivables Turnover Calculation

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

Baota Industry 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 )
=	297.935	/ (	(152.605	+	155.516)	/	2 )
=	297.935	/	154.0605
=	1.93

Baota Industry 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 )
=	57.2	/ (	(155.516	+	147.505)	/	2 )
=	57.2	/	151.5105
=	0.38

Baota Industry Co (SZSE:000595) 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.

Baota Industry Co Receivables Turnover Related Terms

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Baota Industry Co (SZSE:000595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Baota Industry Co Ltd (SZSE:000595) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 630 Beijing West Road, Xixia District, Yinchuan, Ningxia, CHN, 750021

Website

http://www.nxz.com.cn

Baota Industry Co Ltd operates in the bearing industry. The company can produce bearings from 40mm to 3500mm in diameter. The products of the company are used in rail transit, military industry, precision motor, petroleum machinery, metallurgy machinery, heavy truck, construction machinery, mining machinery, cement machinery and hydraulic engineering. Its products are sold all over China and exported to over 50 countries and regions, such as Europe, America, Asia, and Africa.

Executives

Xu Hong Chang	Supervisors
Yao Zhan Wen	Executives
Lu Xing Liang	Directors, executives
Du Jian Wen	Executives
Wang Jing Bo	Director
Feng Yu	Directors, executives
Zhou Jia Feng	Directors, executives
Zhao Li Bao	Director
Suo Zhan Hai	Executives
Qian Cheng	Director
Yan Hai Xiang	Executives
Hao Peng	Executives
Wang Yu Cai	Executives
Zhen Hai Yang	Directors, executives
Zhang Li Zhong	Director

Baota Industry Co (SZSE:000595) Headlines

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