NAURA Technology Group Co (SZSE:002371) Receivables Turnover : 1.64 (As of Sep. 2023)

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What is NAURA Technology 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. NAURA Technology Group Co's Revenue for the three months ended in Sep. 2023 was ¥6,162 Mil. NAURA Technology Group Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥3,759 Mil. Hence, NAURA Technology Group Co's Receivables Turnover for the three months ended in Sep. 2023 was 1.64.

NAURA Technology Group Co Receivables Turnover Historical Data

The historical data trend for NAURA Technology 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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NAURA Technology Group Co Receivables Turnover Chart

NAURA Technology Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.21

4.84

5.35

5.82

6.00

NAURA Technology Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.33	1.36	1.27	1.41	1.64

Competitive Comparison of NAURA Technology Group Co's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, NAURA Technology 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.

NAURA Technology Group Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, NAURA Technology Group Co's Receivables Turnover distribution charts can be found below:

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

NAURA Technology Group Co Receivables Turnover Calculation

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

NAURA Technology Group Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	14688.112	/ (	(1899.158	+	2995.183)	/	2 )
=	14688.112	/	2447.1705
=	6.00

NAURA Technology Group Co's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	6161.772	/ (	(3384.041	+	4133.531)	/	2 )
=	6161.772	/	3758.786
=	1.64

NAURA Technology Group Co (SZSE:002371) 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.

NAURA Technology Group Co Receivables Turnover Related Terms

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NAURA Technology Group Co (SZSE:002371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NAURA Technology Group Co Ltd (SZSE:002371) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Jiuxianqiao East Road, Chao Yang District, Beijing, CHN, 100015

Website

http://www.naura.com/

NAURA Technology Group Co Ltd engages in the research, development, manufacture, sale, and service of electronic equipment and components in the People's Republic of China. The company offers semiconductor equipment, including etching equipment, PVD and CVD equipment, oxidation/diffusion equipment, cleaning equipment, novel display equipment, gas mass flow controllers, etc.; and vacuum heat treatment equipment and technical solutions for the semiconductors, photovoltaic equipment, vacuum electronic devices, magnetic materials, aerospace, and smart power grid sectors.

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