Zotye Automobile Co (SZSE:000980) Receivables Turnover : 0.08 (As of Mar. 2024)

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What is Zotye 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. Zotye Automobile Co's Revenue for the three months ended in Mar. 2024 was ¥113.3 Mil. Zotye Automobile Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,416.9 Mil. Hence, Zotye Automobile Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.08.

Zotye Automobile Co Receivables Turnover Historical Data

The historical data trend for Zotye 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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Zotye Automobile Co Receivables Turnover Chart

Zotye Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.55

0.33

0.31

0.46

0.49

Zotye 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															0.10	0.14	0.11	0.14	0.08

Competitive Comparison of Zotye Automobile Co's Receivables Turnover

For the Auto Manufacturers subindustry, Zotye 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.

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

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

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

Zotye Automobile Co Receivables Turnover Calculation

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

Zotye 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 )
=	733.962	/ (	(1571.867	+	1426.064)	/	2 )
=	733.962	/	1498.9655
=	0.49

Zotye 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 )
=	113.287	/ (	(1426.064	+	1407.834)	/	2 )
=	113.287	/	1416.949
=	0.08

Zotye Automobile Co (SZSE:000980) 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.

Zotye Automobile Co Receivables Turnover Related Terms

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Zotye Automobile Co (SZSE:000980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zotye Automobile Co Ltd (SZSE:000980) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Yongkang Economic Development Zone, Zhejiang, CHN, 321301

Website

http://www.zotye.com

Zotye Automobile Co Ltd is a China-based auto vehicle manufacturing company. The company is engaged in the business of research and development, manufacturing and sales of complete vehicles as the core business. The company owns automotive brands such as Zotye, Jiangnan, and Junma. The products of the company cover market segments such as cars, SUVs, MPVs, and new energy vehicles. It manufactures and distributes automobile instruments, security doors, and other automobile parts. The organization sells its vehicles in China and also exports it to other international countries.

Executives

Wang Lei	Executives
Xu Zi Jie	Supervisors
Wang Yu Mei	Executives
Fang Mao Jun	Executives
Yang Hai Feng	Secretary Dong
Yan Gen Shui	Directors, executives
Yu Bin	Directors, executives

Zotye Automobile Co (SZSE:000980) Headlines

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