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Sunvim Group Co (SZSE:002083) Receivables Turnover : 1.65 (As of Jun. 2024)


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What is Sunvim Group 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. Sunvim Group Co's Revenue for the three months ended in Jun. 2024 was ¥1,352 Mil. Sunvim Group Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥822 Mil. Hence, Sunvim Group Co's Receivables Turnover for the three months ended in Jun. 2024 was 1.65.


Sunvim Group Co Receivables Turnover Historical Data

The historical data trend for Sunvim Group 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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Sunvim Group Co Receivables Turnover Chart

Sunvim Group Co 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 8.18 7.92 9.53 10.11 9.25

Sunvim Group 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 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 1.98 2.02 2.02 1.89 1.65

Competitive Comparison of Sunvim Group Co's Receivables Turnover

For the Textile Manufacturing subindustry, Sunvim Group 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.


Sunvim Group Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sunvim Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sunvim Group Co's Receivables Turnover falls into.



Sunvim Group Co Receivables Turnover Calculation

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

Sunvim Group 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 )
=5340.302 / ((507.684 + 646.62) / 2 )
=5340.302 / 577.152
=9.25

Sunvim Group 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 )
=1351.502 / ((746.484 + 896.556) / 2 )
=1351.502 / 821.52
=1.65

* 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.


Sunvim Group Co  (SZSE:002083) 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.


Sunvim Group Co Receivables Turnover Related Terms

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Sunvim Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Furi Street, Weifang, Shandong, CHN, 261500
Sunvim Group Co Ltd is engaged in the manufacturing and distribution of home textile products like the bath towel, towelling blanket, decorative cloth, tablecloth, napkin, bedding fabrics, and yarns.
Executives
Sun Hao Bo Directors, executives
Zhou Wen Guo Supervisors
Wang Ju Zhang Supervisors
Wu Ming Feng Directors, executives
Yu Cong Hai Director
Sun Ri Gui Directors, executives
Yan Yong Xuan Director
Qin Bo Supervisors
Fu Pei Lin Director
Qi Zong Zhong Supervisors
Zhang Shu Ming Supervisors
Zhang Guo Hua Director
Li Zhong Wei Director
Sun Yong Directors, executives
Yan Tang Director

Sunvim Group Co Headlines

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