Xinxiang Chemical Fibre Co (SZSE:000949) Receivables Turnover : 1.28 (As of Jun. 2024)

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What is Xinxiang Chemical Fibre 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. Xinxiang Chemical Fibre Co's Revenue for the three months ended in Jun. 2024 was ¥1,828 Mil. Xinxiang Chemical Fibre Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥1,434 Mil. Hence, Xinxiang Chemical Fibre Co's Receivables Turnover for the three months ended in Jun. 2024 was 1.28.

Xinxiang Chemical Fibre Co Receivables Turnover Historical Data

The historical data trend for Xinxiang Chemical Fibre 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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Xinxiang Chemical Fibre Co Receivables Turnover Chart

Xinxiang Chemical Fibre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.84

6.40

11.42

8.24

6.64

Xinxiang Chemical Fibre Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.51	1.81	1.47	1.47	1.28

Competitive Comparison of Xinxiang Chemical Fibre Co's Receivables Turnover

For the Textile Manufacturing subindustry, Xinxiang Chemical Fibre 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.

Xinxiang Chemical Fibre Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Xinxiang Chemical Fibre Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Xinxiang Chemical Fibre Co's Receivables Turnover falls into.

Xinxiang Chemical Fibre Co Receivables Turnover Calculation

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

Xinxiang Chemical Fibre 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 )
=	7378.746	/ (	(945.604	+	1276)	/	2 )
=	7378.746	/	1110.802
=	6.64

Xinxiang Chemical Fibre Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	1828.28	/ (	(1402.639	+	1464.395)	/	2 )
=	1828.28	/	1433.517
=	1.28

Xinxiang Chemical Fibre Co (SZSE:000949) 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.

Xinxiang Chemical Fibre Co Receivables Turnover Related Terms

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Xinxiang Chemical Fibre Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Xinxiang Chemical Fibre Co Ltd (SZSE:000949) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

South side of Xinchang Road, Economic and Technological Development Zone, Henan, Xinxiang, CHN, 453006

Website

http://www.bailu.com

Xinxiang Chemical Fibre Co Ltd specializes in producing chemical fiber textile raw materials in China. Their main products are centrifugal viscose rayon filament yarn, continuous viscose rayon filament yarn, viscose staple fiber, and polyester. The company's products are not only sold in the Chinese market but also exported to more than 30 countries and regions such as Germany, Italy, Japan, South Korea and India.

Executives

Zhu Xue Xin	Supervisors
Chen Xi An	Executives
Lu Wei	Executives
Zhang Jia Qi	Directors, executives
Wang Wen Xin	Director
Shao Zhang Jin	Director
Ji Yu Dong	Directors, executives
Feng Li Ping	Executives
Yue Sheng Li	Director
Zhou Xue Li	Executives
Song De Shun	Executives
Cao Jun You	Executives
Xiao Shu Bin	Director
Zhou Jian Hua	Supervisors
Jia Bao Liang	Directors, executives

Xinxiang Chemical Fibre Co Headlines

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