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Zhejiang Jingxing Paper JSC (SZSE:002067) Receivables Turnover : 2.74 (As of Mar. 2024)


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What is Zhejiang Jingxing Paper JSC 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 Jingxing Paper JSC's Revenue for the three months ended in Mar. 2024 was ¥1,265 Mil. Zhejiang Jingxing Paper JSC's average Accounts Receivable for the three months ended in Mar. 2024 was ¥462 Mil. Hence, Zhejiang Jingxing Paper JSC's Receivables Turnover for the three months ended in Mar. 2024 was 2.74.


Zhejiang Jingxing Paper JSC Receivables Turnover Historical Data

The historical data trend for Zhejiang Jingxing Paper JSC'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 Jingxing Paper JSC Receivables Turnover Chart

Zhejiang Jingxing Paper JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.01 10.98 12.24 12.17 11.72

Zhejiang Jingxing Paper JSC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.80 3.35 3.42 3.15 2.74

Competitive Comparison of Zhejiang Jingxing Paper JSC's Receivables Turnover

For the Paper & Paper Products subindustry, Zhejiang Jingxing Paper JSC'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 Jingxing Paper JSC's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Zhejiang Jingxing Paper JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Jingxing Paper JSC's Receivables Turnover falls into.



Zhejiang Jingxing Paper JSC Receivables Turnover Calculation

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

Zhejiang Jingxing Paper JSC'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 )
=5456.896 / ((455.682 + 475.425) / 2 )
=5456.896 / 465.5535
=11.72

Zhejiang Jingxing Paper JSC'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 )
=1265.318 / ((475.425 + 448.205) / 2 )
=1265.318 / 461.815
=2.74

* 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.


Zhejiang Jingxing Paper JSC  (SZSE:002067) 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 Jingxing Paper JSC (SZSE:002067) Business Description

Traded in Other Exchanges
N/A
Address
Caoqiao Town, Zhejiang Province, Pinghu, CHN, 314214
Zhejiang Jingxing Paper JSC Ltd is a Chinese company operating in the paper and packaging industry. It manufactures paper and paper products. The company's products include kraft paper, white craft paper, high strength Corrugating medium, bobbin paper, cardboard boxes, household paper products, and other products.
Executives
Zhu Zai Long Director
Shen Shou Xian Supervisors
Liu Chun Xiang Director
Nie Rong Kun Director
Sheng Xiao Ying Director
Wang Wei Min Director
Lu Fu Gui Supervisors
Zhu Xi Kun Independent director, within six months of separat

Zhejiang Jingxing Paper JSC (SZSE:002067) Headlines

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