Qinglong Pipes Industry Group Co (SZSE:002457) Receivables Turnover : 0.18 (As of Mar. 2025)

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What is Qinglong Pipes Industry 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. Qinglong Pipes Industry Group Co's Revenue for the three months ended in Mar. 2025 was ¥282 Mil. Qinglong Pipes Industry Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥1,566 Mil. Hence, Qinglong Pipes Industry Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.18.

Qinglong Pipes Industry Group Co Receivables Turnover Historical Data

The historical data trend for Qinglong Pipes Industry 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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Qinglong Pipes Industry Group Co Receivables Turnover Chart

Qinglong Pipes Industry Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.17

2.13

1.79

1.35

1.81

Qinglong Pipes Industry Group Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.25	0.52	0.47	0.73	0.18

Competitive Comparison of Qinglong Pipes Industry Group Co's Receivables Turnover

For the Building Products & Equipment subindustry, Qinglong Pipes Industry 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.

Qinglong Pipes Industry Group Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Qinglong Pipes Industry Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Qinglong Pipes Industry Group Co's Receivables Turnover falls into.

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Qinglong Pipes Industry Group Co Receivables Turnover Calculation

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

Qinglong Pipes Industry Group Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	2818.432	/ (	(1508.923	+	1598.48)	/	2 )
=	2818.432	/	1553.7015
=	1.81

Qinglong Pipes Industry Group Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	282.213	/ (	(1598.48	+	1533.289)	/	2 )
=	282.213	/	1565.8845
=	0.18

Qinglong Pipes Industry Group Co (SZSE:002457) 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.

Qinglong Pipes Industry Group Co Receivables Turnover Related Terms

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Qinglong Pipes Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Qinglong Pipes Industry Group Co Ltd (SZSE:002457) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 41, Yuehai Road, 11-13th Floor, Ningxia Water Conservancy Research and Development Building, Ningxia Hui Autonomous Region, Jinfeng District, Yinchuan, CHN, 750002

Website

http://www.qlgd.com.cn

Qinglong Pipes Industry Group Co Ltd engages in the research and development, production, sales and installation services of various mainstream water supply and drainage pipeline products, pipeline corridors, water-saving irrigation products, gas pipelines, new energy-saving heating pipelines and supporting pipe fittings for the above products, as well as the provision of overall water-saving solutions.

Executives

Ren Zhi Chao	Supervisors
Huang Yan Qing	Directors, executives
Ma Yue	Director
Liu Ling Yun	Directors, executives
Du Xue Zhi	Director
Wang Ping	Director
Chen Jia Xing	Director
Lu Li Xin	Director
Li Hao	Executives
Luan Xin Xiang	Director
Fang Ji Liang	Supervisors
Wang Li	Directors, executives
Li Qian	Supervisors
Fan Ren Ping	Securities Affairs Representative
Xiao Jing Ning	Supervisors

Qinglong Pipes Industry Group Co Headlines

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