Zhejiang Nhu Co (SZSE:002001) Receivables Turnover : 1.75 (As of Jun. 2024)

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What is Zhejiang Nhu 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. Zhejiang Nhu Co's Revenue for the three months ended in Jun. 2024 was ¥5,346 Mil. Zhejiang Nhu Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥3,056 Mil. Hence, Zhejiang Nhu Co's Receivables Turnover for the three months ended in Jun. 2024 was 1.75.

Zhejiang Nhu Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Nhu 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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Zhejiang Nhu Co Receivables Turnover Chart

Zhejiang Nhu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.68

5.89

6.37

6.09

6.10

Zhejiang Nhu 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															1.55	1.54	1.73	1.68	1.75

Competitive Comparison of Zhejiang Nhu Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Nhu 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.

Zhejiang Nhu Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zhejiang Nhu Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Nhu Co's Receivables Turnover falls into.

Zhejiang Nhu Co Receivables Turnover Calculation

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

Zhejiang Nhu 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 )
=	15116.537	/ (	(2476.269	+	2483.267)	/	2 )
=	15116.537	/	2479.768
=	6.10

Zhejiang Nhu 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 )
=	5345.948	/ (	(2866.536	+	3246.277)	/	2 )
=	5345.948	/	3056.4065
=	1.75

Zhejiang Nhu Co (SZSE:002001) 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.

Zhejiang Nhu Co Receivables Turnover Related Terms

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Zhejiang Nhu Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Nhu Co Ltd (SZSE:002001) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 4 Jiangbei Road, Yulin Street, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.cnhu.com

Zhejiang Nhu Co Ltd is a China-based company engaged in the manufacture and sales of pharmaceuticals, health protection products, pharmaceutical intermediates, fragrances, food additives and feed additives. The company's active pharmaceutical ingredient products cover various areas such as Cardiovascular, Anti-AIDS, Anti-cancer and Anti-bacterial with key products such as Latamoxef Sodium, Flomoxef Sodium, Hydrochloride Moxifloxacin, Artemisinin series, Calcium Keto acid series, Vitamin A/E/D3 and coenzyme Q10 and others. The other business areas are Aroma chemicals, Polymers, and Nutrition. The organization markets its products in China and internationally.

Executives

Hu Bai Fan	Director
Shi Guan Qun	Directors, Directors, and Executives
Hu Bai Shan	Directors, executives
Cui Xin Rong	Director
Chen Xue Cao	Supervisors
Zhou Gui Yang	Director
Qiu Jin Zhuo	Supervisors
Wang Xue Wen	Directors, executives
Wang Zheng Jiang	Director
Ye Yue Heng	Director
Dong Xiao Fang	Supervisors
Liang Xiao Dong	Supervisors
Zhang Xiao Bo	Supervisors
Wang Xu Lin	Supervisors
Ding Zhong Jun	Director

Zhejiang Nhu Co Headlines

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