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Guangdong Qunxing Toys JSC (SZSE:002575) Receivables Turnover : 2.62 (As of Sep. 2024)


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What is Guangdong Qunxing Toys JSC 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. Guangdong Qunxing Toys JSC's Revenue for the three months ended in Sep. 2024 was ¥102.7 Mil. Guangdong Qunxing Toys JSC's average Accounts Receivable for the three months ended in Sep. 2024 was ¥39.2 Mil. Hence, Guangdong Qunxing Toys JSC's Receivables Turnover for the three months ended in Sep. 2024 was 2.62.


Guangdong Qunxing Toys JSC Receivables Turnover Historical Data

The historical data trend for Guangdong Qunxing Toys JSC'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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Guangdong Qunxing Toys JSC Receivables Turnover Chart

Guangdong Qunxing Toys JSC 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 6.83 8.64 4.72 6.20 4.13

Guangdong Qunxing Toys JSC 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 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 0.99 2.56 2.26 3.01 2.62

Competitive Comparison of Guangdong Qunxing Toys JSC's Receivables Turnover

For the Leisure subindustry, Guangdong Qunxing Toys JSC'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.


Guangdong Qunxing Toys JSC's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Guangdong Qunxing Toys JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Qunxing Toys JSC's Receivables Turnover falls into.



Guangdong Qunxing Toys JSC Receivables Turnover Calculation

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

Guangdong Qunxing Toys JSC'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 )
=62.283 / ((19.776 + 10.406) / 2 )
=62.283 / 15.091
=4.13

Guangdong Qunxing Toys JSC'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 )
=102.657 / ((54.809 + 23.677) / 2 )
=102.657 / 39.243
=2.62

* 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.


Guangdong Qunxing Toys JSC  (SZSE:002575) 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.


Guangdong Qunxing Toys JSC Receivables Turnover Related Terms

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Guangdong Qunxing Toys JSC Business Description

Traded in Other Exchanges
N/A
Address
Laimei industry laiwu economic developing area, Chenghai, Guangzhou, Shantou, CHN
Guangdong Qunxing Toys JSC Ltd is a China-based company engaged in developing, designing, producing and selling electrical toys. The company's main products include baby car series, children computer, baby toys, electric car series, mobile phone series, and others.
Executives
Ji Xiao Wen Director

Guangdong Qunxing Toys JSC Headlines

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