Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Receivables Turnover : 0.31 (As of Mar. 2024)

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What is Anhui Sinonet and Xinlong Science & 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. Anhui Sinonet and Xinlong Science & Technology Co's Revenue for the three months ended in Mar. 2024 was ¥493 Mil. Anhui Sinonet and Xinlong Science & Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,590 Mil. Hence, Anhui Sinonet and Xinlong Science & Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.31.

Anhui Sinonet and Xinlong Science & Technology Co Receivables Turnover Historical Data

The historical data trend for Anhui Sinonet and Xinlong Science & 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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Anhui Sinonet and Xinlong Science & Technology Co Receivables Turnover Chart

Anhui Sinonet and Xinlong Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.74

2.15

1.78

1.53

1.44

Anhui Sinonet and Xinlong Science & Technology Co 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															0.32	0.30	0.35	0.45	0.31

Competitive Comparison of Anhui Sinonet and Xinlong Science & Technology Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Anhui Sinonet and Xinlong Science & 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.

Anhui Sinonet and Xinlong Science & Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Anhui Sinonet and Xinlong Science & Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Sinonet and Xinlong Science & Technology Co's Receivables Turnover falls into.

Anhui Sinonet and Xinlong Science & Technology Co Receivables Turnover Calculation

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

Anhui Sinonet and Xinlong Science & 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 )
=	2237.962	/ (	(1516.929	+	1581.704)	/	2 )
=	2237.962	/	1549.3165
=	1.44

Anhui Sinonet and Xinlong Science & Technology Co'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 )
=	492.84	/ (	(1581.704	+	1598.785)	/	2 )
=	492.84	/	1590.2445
=	0.31

Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) 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.

Anhui Sinonet and Xinlong Science & Technology Co Receivables Turnover Related Terms

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Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Anhui Sinonet and Xinlong Science & Technology Co Ltd (SZSE:002298) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 118, Jiuhua North Road, Electrical Component Industrial Park, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241008

Website

http://www.ah-zdxl.com

Anhui Sinonet and Xinlong Science & Technology Co Ltd, formerly Anhui Xinlong Electronical Co Ltd are engaged in the production of high and low voltage switch equipment and electric machines.

Executives

Shu Long Sheng	Director
Qu Hong Gui	Directors, executives
He Li	Director
Yan Tao	Executives
Wang Yu	Directors, Directors, and Executives
Tao Li Ming	Executives
Li Xiao Qing	Executives
Zhou Chao	Directors, executives
Guo Chen	Director
Song Li Jun	Director
Jiang Ming	Independent director
Chen Bang Lian	Supervisors
Zhang Xiang	Director
Zhang Lu Yi	Supervisors
Zhu Wen	Securities Affairs Representative

Anhui Sinonet and Xinlong Science & Technology Co (SZSE:002298) Headlines

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