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Zhejiang Southeast Space Frame Co (SZSE:002135) Receivables Turnover : 0.60 (As of Sep. 2024)


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What is Zhejiang Southeast Space Frame 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 Southeast Space Frame Co's Revenue for the three months ended in Sep. 2024 was ¥2,852 Mil. Zhejiang Southeast Space Frame Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥4,724 Mil. Hence, Zhejiang Southeast Space Frame Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.60.


Zhejiang Southeast Space Frame Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Southeast Space Frame 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 Southeast Space Frame Co Receivables Turnover Chart

Zhejiang Southeast Space Frame 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 3.02 2.93 3.22 2.73 2.73

Zhejiang Southeast Space Frame Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.64 0.66 0.69 0.73 0.60

Competitive Comparison of Zhejiang Southeast Space Frame Co's Receivables Turnover

For the Engineering & Construction subindustry, Zhejiang Southeast Space Frame 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 Southeast Space Frame Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Southeast Space Frame Co's Receivables Turnover distribution charts can be found below:

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



Zhejiang Southeast Space Frame Co Receivables Turnover Calculation

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

Zhejiang Southeast Space Frame 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 )
=12995.665 / ((4992.63 + 4544.521) / 2 )
=12995.665 / 4768.5755
=2.73

Zhejiang Southeast Space Frame Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=2852.426 / ((4675.587 + 4772.486) / 2 )
=2852.426 / 4724.0365
=0.60

* 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 Southeast Space Frame Co  (SZSE:002135) 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 Southeast Space Frame Co Receivables Turnover Related Terms

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Zhejiang Southeast Space Frame Co Business Description

Traded in Other Exchanges
N/A
Address
Yaqian County, Xiaoshan District, Hangzhou, Zhejiang, CHN, 311209
Zhejiang Southeast Space Frame Co Ltd is engaged in the design, manufacturing, and installation of large-sized steel structures in China. It has a product range covers large span space truss structure, space frame structure, multilayer, high rise and super high-rise heavy steel structure, lightweight steel structure, metal roof system, steel structure residence and with production base in Guangdong, Sichuan, Zhejiang, and Tianjin.
Executives
Fang Jian Kun Executives
Guo Ming Ming Director
Zhou Su Ying Supervisors

Zhejiang Southeast Space Frame Co Headlines

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