Zhejiang Jinggong Integration Technology Co (SZSE:002006) Receivables Turnover : 0.44 (As of Mar. 2025)

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What is Zhejiang Jinggong Integration Technology 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 Jinggong Integration Technology Co's Revenue for the three months ended in Mar. 2025 was ¥404 Mil. Zhejiang Jinggong Integration Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥928 Mil. Hence, Zhejiang Jinggong Integration Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.44.

Zhejiang Jinggong Integration Technology Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Jinggong Integration Technology 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 Jinggong Integration Technology Co Receivables Turnover Chart

Zhejiang Jinggong Integration Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.80

6.78

5.98

2.40

2.22

Zhejiang Jinggong Integration Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.69	0.48	0.26	0.64	0.44

Competitive Comparison of Zhejiang Jinggong Integration Technology Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Zhejiang Jinggong Integration Technology 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 Jinggong Integration Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Jinggong Integration Technology Co's Receivables Turnover distribution charts can be found below:

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

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Zhejiang Jinggong Integration Technology Co Receivables Turnover Calculation

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

Zhejiang Jinggong Integration Technology Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1728.703	/ (	(685.009	+	875.662)	/	2 )
=	1728.703	/	780.3355
=	2.22

Zhejiang Jinggong Integration Technology Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	404.123	/ (	(875.662	+	980.35)	/	2 )
=	404.123	/	928.006
=	0.44

Zhejiang Jinggong Integration Technology Co (SZSE:002006) 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.

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Zhejiang Jinggong Integration Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Jinggong Integration Technology Co Ltd (SZSE:002006) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1809 Jianhe Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312030

Website

http://www.jgtec.com.cn

Zhejiang Jinggong Integration Technology Co Ltd is a China-based company operating in the machinery industry. The firm is a manufacturer and supplier of solar photovoltaic equipment, carbon fiber composite materials and equipment, new building energy-saving equipment, textile equipment, robot intelligence equipment and other high-tech products.

Executives

Zhou Zhong Yi	Director
Chen Jian Hua	Executives
Wang Zhi Juan	Executives
Sun Wei Li	Supervisors

Zhejiang Jinggong Integration Technology Co Headlines

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