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Faw Jiefang Group Co (SZSE:000800) Receivables Turnover : 5.15 (As of Mar. 2024)


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What is Faw Jiefang Group 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. Faw Jiefang Group Co's Revenue for the three months ended in Mar. 2024 was ¥18,981 Mil. Faw Jiefang Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,685 Mil. Hence, Faw Jiefang Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 5.15.


Faw Jiefang Group Co Receivables Turnover Historical Data

The historical data trend for Faw Jiefang Group 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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Faw Jiefang Group Co Receivables Turnover Chart

Faw Jiefang Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.48 89.39 96.09 35.71 44.74

Faw Jiefang Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.97 8.38 5.95 7.46 5.15

Competitive Comparison of Faw Jiefang Group Co's Receivables Turnover

For the Auto Manufacturers subindustry, Faw Jiefang Group 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.


Faw Jiefang Group Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Faw Jiefang Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Faw Jiefang Group Co's Receivables Turnover falls into.



Faw Jiefang Group Co Receivables Turnover Calculation

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

Faw Jiefang Group 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 )
=63904.532 / ((867.09 + 1989.386) / 2 )
=63904.532 / 1428.238
=44.74

Faw Jiefang Group 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 )
=18980.935 / ((1989.386 + 5381.12) / 2 )
=18980.935 / 3685.253
=5.15

* 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.


Faw Jiefang Group Co  (SZSE:000800) 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.


Faw Jiefang Group Co Receivables Turnover Related Terms

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Faw Jiefang Group Co (SZSE:000800) Business Description

Traded in Other Exchanges
N/A
Address
No. 2259 Dongfeng Street, Automobile Development Zone, Changchun, Jilin, CHN, 130011
Faw Jiefang Group Co Ltd develops its own brand of passenger cars. company's main business is the development, manufacture, and sale of passenger cars and their accessories. Some of the car models include Pentium B90, Pentium B70, Pentium B50, Pentium B30, Pentium X40, Pentium X80.
Executives
Xu Shi Li Director
Ma Zhen Dong Supervisors
Liu Dian Wei Supervisors
Li Yuan Zi Supervisors
An De Wu Director

Faw Jiefang Group Co (SZSE:000800) Headlines

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