Baowu Magnesium Technology Co (SZSE:002182) Receivables Turnover : 1.30 (As of Jun. 2024)

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What is Baowu Magnesium 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. Baowu Magnesium Technology Co's Revenue for the three months ended in Jun. 2024 was ¥2,212 Mil. Baowu Magnesium Technology Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥1,695 Mil. Hence, Baowu Magnesium Technology Co's Receivables Turnover for the three months ended in Jun. 2024 was 1.30.

Baowu Magnesium Technology Co Receivables Turnover Historical Data

The historical data trend for Baowu Magnesium 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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Baowu Magnesium Technology Co Receivables Turnover Chart

Baowu Magnesium Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.55

5.12

5.48

5.60

4.78

Baowu Magnesium Technology 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															1.32	1.29	1.24	1.15	1.30

Competitive Comparison of Baowu Magnesium Technology Co's Receivables Turnover

For the Aluminum subindustry, Baowu Magnesium 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.

Baowu Magnesium Technology Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Baowu Magnesium Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Baowu Magnesium Technology Co's Receivables Turnover falls into.

Baowu Magnesium Technology Co Receivables Turnover Calculation

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

Baowu Magnesium Technology 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 )
=	7651.809	/ (	(1508.555	+	1693.63)	/	2 )
=	7651.809	/	1601.0925
=	4.78

Baowu Magnesium Technology 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 )
=	2211.831	/ (	(1541.478	+	1848.811)	/	2 )
=	2211.831	/	1695.1445
=	1.30

Baowu Magnesium Technology Co (SZSE:002182) 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.

Baowu Magnesium Technology Co Receivables Turnover Related Terms

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Baowu Magnesium Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baowu Magnesium Technology Co Ltd (SZSE:002182) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 11, Kaiping Road, Dongping Street, Lishui County, Nanjing, Jiangsu, CHN, 211212

Website

http://www.rsm.com.cn

Baowu Magnesium Technology Co Ltd is a high-tech enterprise integrating mining, non-ferrous metal smelting, processing and recycling. As a global leader in light metal materials, it has a complete chain of research, development and manufacture, and its market shares of major products such as magnesium, aluminum, and strontium lead the way around the world.

Executives

Wang Sheng Qing	Supervisors
Fan Nai Juan	Directors, executives
Yang Dao Jian	Supervisors
Wu Jian Fei	Secretary, Director
Liu Xiao Dao	Executives
Sun Yong	Executives
Gao Bing	Supervisors
Mei Xiao Ming	Directors, executives
Yang Quan Hai	Supervisors
Yang Chun Lin	Supervisors
Yu Fang	Directors, executives
Jiang Hui	Director
Wu De Jun	Supervisors
Zhu Tian Bai	Executives
Mei Guang Hui	Director

Baowu Magnesium Technology Co Headlines

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