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Jiangsu Tongda Power Technology Co (SZSE:002576) Receivables Turnover : 0.69 (As of Mar. 2025)


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What is Jiangsu Tongda Power Technology 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 Tongda Power Technology Co's Revenue for the three months ended in Mar. 2025 was ¥445 Mil. Jiangsu Tongda Power Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥642 Mil. Hence, Jiangsu Tongda Power Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.69.


Jiangsu Tongda Power Technology Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Tongda Power Technology 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 Tongda Power Technology Co Receivables Turnover Chart

Jiangsu Tongda Power Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.76 5.78 3.70 3.32 3.08

Jiangsu Tongda Power Technology 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 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 0.82 0.84 0.87 0.68 0.69

Competitive Comparison of Jiangsu Tongda Power Technology Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Jiangsu Tongda Power Technology 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 Tongda Power Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Tongda Power Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Tongda Power Technology Co's Receivables Turnover falls into.


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Jiangsu Tongda Power Technology Co Receivables Turnover Calculation

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

Jiangsu Tongda Power Technology 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 )
=1675.25 / ((451.659 + 634.912) / 2 )
=1675.25 / 543.2855
=3.08

Jiangsu Tongda Power Technology 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 )
=445.062 / ((634.912 + 648.348) / 2 )
=445.062 / 641.63
=0.69

* 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.


Jiangsu Tongda Power Technology Co  (SZSE:002576) 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 Tongda Power Technology Co Receivables Turnover Related Terms

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Jiangsu Tongda Power Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.58, Xingshi Road, Tongzhou District, Nantong, CHN, 226352
Jiangsu Tongda Power Technology Co Ltd is engaged in the manufacturing of stator and rotor and laminations of motors and generators. The products of the company include general products, wind power products, high voltage motor, and generator products.
Executives
Yan Hua Directors, executives
Peng Jin Jie Executives
Wang Yue Directors, executives
He Jian Zhong Supervisors
Chu Shao Hua Supervisors
Jiang Yu Feng Director
Lu Yang Executives

Jiangsu Tongda Power Technology Co Headlines

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