Jiangsu Yawei Machine Tool Co (SZSE:002559) Receivables Turnover : 1.35 (As of Sep. 2024)

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What is Jiangsu Yawei Machine Tool 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. Jiangsu Yawei Machine Tool Co's Revenue for the three months ended in Sep. 2024 was ¥462 Mil. Jiangsu Yawei Machine Tool Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥341 Mil. Hence, Jiangsu Yawei Machine Tool Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.35.

Jiangsu Yawei Machine Tool Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Yawei Machine Tool 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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Jiangsu Yawei Machine Tool Co Receivables Turnover Chart

Jiangsu Yawei Machine Tool Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.38

5.17

5.97

5.70

6.60

Jiangsu Yawei Machine Tool Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.50	1.28	1.79	1.37	1.35

Competitive Comparison of Jiangsu Yawei Machine Tool Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Jiangsu Yawei Machine Tool 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.

Jiangsu Yawei Machine Tool Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Yawei Machine Tool Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Yawei Machine Tool Co's Receivables Turnover falls into.

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Jiangsu Yawei Machine Tool Co Receivables Turnover Calculation

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

Jiangsu Yawei Machine Tool 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 )
=	1928.122	/ (	(293.402	+	291.297)	/	2 )
=	1928.122	/	292.3495
=	6.60

Jiangsu Yawei Machine Tool Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	462.086	/ (	(354.494	+	327.699)	/	2 )
=	462.086	/	341.0965
=	1.35

Jiangsu Yawei Machine Tool Co (SZSE:002559) 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.

Jiangsu Yawei Machine Tool Co Receivables Turnover Related Terms

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Jiangsu Yawei Machine Tool Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Yawei Machine Tool Co Ltd (SZSE:002559) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huanghai South Road, Xiancheng Industrial Park, Jiangdu District, Jiangdu, Jiangsu, CHN, 225200

Website

http://www.yawei.cc

Jiangsu Yawei Machine Tool Co Ltd operates in the sheet metal processing machine tool industry. The company is engaged in the development, manufacturing, and selling of high end, smart and automatic products like CNC press brakes, CNC laser cutting machine, flexible cells, automatic coil lines, and linear and horizontal multi joint robots.

Executives

Zhu Peng Cheng	Directors, executives
Pan En Hai	Directors, executives
Fan Jun	Director
Ji Su Qin	Director
Shi Jin Xia	Directors, executives
Leng Zhi Bin	Directors, executives
Wang Jun	Supervisors
Zhou Jia Zhi	Supervisors
Wang Hong Xiang	Directors, executives
Wen Qing Yun	Director

Jiangsu Yawei Machine Tool Co Headlines

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