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Shenzhen Fuanna Bedding and Furnishing Co (SZSE:002327) Receivables Turnover : 2.79 (As of Jun. 2024)


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What is Shenzhen Fuanna Bedding and Furnishing 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. Shenzhen Fuanna Bedding and Furnishing Co's Revenue for the three months ended in Jun. 2024 was ¥656 Mil. Shenzhen Fuanna Bedding and Furnishing Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥235 Mil. Hence, Shenzhen Fuanna Bedding and Furnishing Co's Receivables Turnover for the three months ended in Jun. 2024 was 2.79.


Shenzhen Fuanna Bedding and Furnishing Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Fuanna Bedding and Furnishing 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.

* Premium members only.

Shenzhen Fuanna Bedding and Furnishing Co Receivables Turnover Chart

Shenzhen Fuanna Bedding and Furnishing 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 9.50 13.15 15.17 13.60 9.41

Shenzhen Fuanna Bedding and Furnishing 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 3.42 3.43 3.73 2.14 2.79

Competitive Comparison of Shenzhen Fuanna Bedding and Furnishing Co's Receivables Turnover

For the Textile Manufacturing subindustry, Shenzhen Fuanna Bedding and Furnishing 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.


Shenzhen Fuanna Bedding and Furnishing Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shenzhen Fuanna Bedding and Furnishing Co's Receivables Turnover falls into.



Shenzhen Fuanna Bedding and Furnishing Co Receivables Turnover Calculation

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

Shenzhen Fuanna Bedding and Furnishing 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 )
=3029.569 / ((256.218 + 387.857) / 2 )
=3029.569 / 322.0375
=9.41

Shenzhen Fuanna Bedding and Furnishing 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 )
=655.533 / ((222.624 + 248.117) / 2 )
=655.533 / 235.3705
=2.79

* 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.


Shenzhen Fuanna Bedding and Furnishing Co  (SZSE:002327) 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.


Shenzhen Fuanna Bedding and Furnishing Co Receivables Turnover Related Terms

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Shenzhen Fuanna Bedding and Furnishing Co Business Description

Traded in Other Exchanges
N/A
Address
Entrepreneur Nanyou Avenue West Road, Building 1, Bicycle Processing Factory, Nanshan District, Guangdong, Shenzhen, CHN, 518054
Shenzhen Fuanna Bedding and Furnishing Co Ltd is a Chinese company involved in the home textile industry. It operates under four main brands: Fuanna, Bravo, Versai and St Foire.
Executives
Wang Kui Executives
Lin Guo Fang Directors, executives
He Xue Qing Directors, executives
Chen Guo Hong Directors, executives
Ming Chun Supervisors
Zhang Mei Supervisors
Tai Jian Shu Executives
Xiao Lin Chun Executives
Hu Zhen Chao Directors, executives
Wei Yin Rui Executives
Mei Lian Qing Directors, executives

Shenzhen Fuanna Bedding and Furnishing Co Headlines

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