Sinotruk Jinan Truck Co (SZSE:000951) Receivables Turnover : 1.92 (As of Mar. 2024)

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What is Sinotruk Jinan Truck 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. Sinotruk Jinan Truck Co's Revenue for the three months ended in Mar. 2024 was ¥11,427 Mil. Sinotruk Jinan Truck Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5,964 Mil. Hence, Sinotruk Jinan Truck Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.92.

Sinotruk Jinan Truck Co Receivables Turnover Historical Data

The historical data trend for Sinotruk Jinan Truck 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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Sinotruk Jinan Truck Co Receivables Turnover Chart

Sinotruk Jinan Truck Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.94

16.97

11.86

4.88

7.23

Sinotruk Jinan Truck 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															1.32	1.45	1.54	1.87	1.92

Competitive Comparison of Sinotruk Jinan Truck Co's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Sinotruk Jinan Truck 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.

Sinotruk Jinan Truck Co's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sinotruk Jinan Truck Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sinotruk Jinan Truck Co's Receivables Turnover falls into.

Sinotruk Jinan Truck Co Receivables Turnover Calculation

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

Sinotruk Jinan Truck 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 )
=	42069.953	/ (	(6070.778	+	5570.213)	/	2 )
=	42069.953	/	5820.4955
=	7.23

Sinotruk Jinan Truck 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 )
=	11426.63	/ (	(5570.213	+	6357.591)	/	2 )
=	11426.63	/	5963.902
=	1.92

Sinotruk Jinan Truck Co (SZSE:000951) 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.

Sinotruk Jinan Truck Co Receivables Turnover Related Terms

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Sinotruk Jinan Truck Co (SZSE:000951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sinotruk Jinan Truck Co Ltd (SZSE:000951) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

South Head of Dangjiazhuang Town, Shizhong District, Shandong Province, Jinan, CHN, 250116

Website

http://www.cnhtc.com.cn

Sinotruk Jinan Truck Co Ltd formerly known as Cnhtc Jinan Truck Co Ltd is a China-based company operates in the heavy-duty truck industry. The business activity of the group includes research, development, manufacture, and sale of a variety of truck which includes special vehicles, military vehicles, private cars as well as engines and special chassis. Geographically operates through China and its products are made available in both Chinese and international market.

Executives

Song Qi Dong	Director
Yu You De	Director
Liu Gang	Director
Wan Chun Ling	Executives
Liu Wei	Director

Sinotruk Jinan Truck Co (SZSE:000951) Headlines

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