Feilong Auto Components Co (SZSE:002536) Receivables Turnover : 1.58 (As of Mar. 2024)

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What is Feilong Auto Components 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. Feilong Auto Components Co's Revenue for the three months ended in Mar. 2024 was ¥1,240 Mil. Feilong Auto Components Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥784 Mil. Hence, Feilong Auto Components Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.58.

Feilong Auto Components Co Receivables Turnover Historical Data

The historical data trend for Feilong Auto Components 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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Feilong Auto Components Co Receivables Turnover Chart

Feilong Auto Components Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.42

4.16

4.47

4.40

5.32

Feilong Auto Components 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															1.22	1.27	1.37	1.30	1.58

Competitive Comparison of Feilong Auto Components Co's Receivables Turnover

For the Auto Parts subindustry, Feilong Auto Components 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.

Feilong Auto Components Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Feilong Auto Components Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Feilong Auto Components Co's Receivables Turnover falls into.

Feilong Auto Components Co Receivables Turnover Calculation

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

Feilong Auto Components 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 )
=	4094.873	/ (	(767.921	+	772.568)	/	2 )
=	4094.873	/	770.2445
=	5.32

Feilong Auto Components 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 )
=	1240.41	/ (	(772.568	+	796.123)	/	2 )
=	1240.41	/	784.3455
=	1.58

Feilong Auto Components Co (SZSE:002536) 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.

Feilong Auto Components Co Receivables Turnover Related Terms

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Feilong Auto Components Co (SZSE:002536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Feilong Auto Components Co Ltd (SZSE:002536) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Industrial Area, Donghuan Road, Henan Province, Xixia County, CHN, 474500

Website

http://www.xixia-waterpump.com

Feilong Auto Components Co Ltd through its subsidiaries is engaged in manufacturing and selling automobile parts in the People's Republic of China and internationally. It offers products such as Automobile water pumps under the Feilong brand; and Engine intake and Exhaust manifolds, Flywheel housings, Turbocharger, Die and gravity castings, Turbine housings, and Oil pumps, among other products.

Executives

Feng Zhang Hong	Executives
Bai Xiang Rong	Supervisors
Wang Rui Jin	Executives
Sun Yao Zhong	Directors, executives
Sun Yao Zhi	Director
Xi Guo Qin	Executives
Jiao Lei	Executives
Sun Ding Wen	Executives
Liang Zhong Hua	Directors, executives
Tang Guo Zhong	Executives
Wan Guo Min	Executives
Zhang Meng Xing	Executives
Xie Guo Lou	Securities Affairs Representative

Feilong Auto Components Co (SZSE:002536) Headlines

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