Anhui Ankai Automobile Co (SZSE:000868) Receivables Turnover : 0.73 (As of Mar. 2024)

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What is Anhui Ankai Automobile 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. Anhui Ankai Automobile Co's Revenue for the three months ended in Mar. 2024 was ¥573 Mil. Anhui Ankai Automobile Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥784 Mil. Hence, Anhui Ankai Automobile Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.73.

Anhui Ankai Automobile Co Receivables Turnover Historical Data

The historical data trend for Anhui Ankai Automobile 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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Anhui Ankai Automobile Co Receivables Turnover Chart

Anhui Ankai Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.24

3.45

1.76

1.49

2.58

Anhui Ankai Automobile 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															0.26	0.57	0.69	0.85	0.73

Competitive Comparison of Anhui Ankai Automobile Co's Receivables Turnover

For the Auto Manufacturers subindustry, Anhui Ankai Automobile 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.

Anhui Ankai Automobile Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Anhui Ankai Automobile Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Ankai Automobile Co's Receivables Turnover falls into.

Anhui Ankai Automobile Co Receivables Turnover Calculation

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

Anhui Ankai Automobile 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 )
=	2146.446	/ (	(924.825	+	737.263)	/	2 )
=	2146.446	/	831.044
=	2.58

Anhui Ankai Automobile 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 )
=	572.599	/ (	(737.263	+	831.267)	/	2 )
=	572.599	/	784.265
=	0.73

Anhui Ankai Automobile Co (SZSE:000868) 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.

Anhui Ankai Automobile Co Receivables Turnover Related Terms

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Anhui Ankai Automobile Co (SZSE:000868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Anhui Ankai Automobile Co Ltd (SZSE:000868) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.99, Huayuan Avenue, Hefei, CHN

Website

http://www.ankai.com

Anhui Ankai Automobile Co Ltd is a China-based company operates in the business of busses. It manufactures and sells large, medium, and light buses and their automotive parts. It offers Coach, City bus, School bus and New energy bus. Geographically the business activities are carried out through China and its products are exported to developed countries and regions, including U.S., UK, Australia, Dubai, Hong Kong, and Macau.

Executives

Shi Xiao Hong	Supervisors
Zhang Han Dong	Director
Dong Gang	Executives
Sheng Xia	Securities Affairs Representative
Li Qiang	Director

Anhui Ankai Automobile Co (SZSE:000868) Headlines

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