Chongqingnsheng Industrial Co (SZSE:002742) Receivables Turnover : 0.39 (As of Mar. 2024)

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What is Chongqingnsheng Industrial 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. Chongqingnsheng Industrial Co's Revenue for the three months ended in Mar. 2024 was ¥348 Mil. Chongqingnsheng Industrial Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥895 Mil. Hence, Chongqingnsheng Industrial Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.39.

Chongqingnsheng Industrial Co Receivables Turnover Historical Data

The historical data trend for Chongqingnsheng Industrial 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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Chongqingnsheng Industrial Co Receivables Turnover Chart

Chongqingnsheng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.05

1.70

1.93

1.85

2.06

Chongqingnsheng Industrial 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															0.48	0.54	0.51	0.43	0.39

Competitive Comparison of Chongqingnsheng Industrial Co's Receivables Turnover

For the Building Materials subindustry, Chongqingnsheng Industrial 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.

Chongqingnsheng Industrial Co's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chongqingnsheng Industrial Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chongqingnsheng Industrial Co's Receivables Turnover falls into.

Chongqingnsheng Industrial Co Receivables Turnover Calculation

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

Chongqingnsheng Industrial 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 )
=	2030.233	/ (	(1065.516	+	908.814)	/	2 )
=	2030.233	/	987.165
=	2.06

Chongqingnsheng Industrial 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 )
=	348.15	/ (	(908.814	+	880.52)	/	2 )
=	348.15	/	894.667
=	0.39

Chongqingnsheng Industrial Co (SZSE:002742) 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.

Chongqingnsheng Industrial Co Receivables Turnover Related Terms

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Chongqingnsheng Industrial Co (SZSE:002742) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chongqing Sansheng Industrial Co Ltd (SZSE:002742) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Sansheng Town Street, Beibei District, Chongqing, CHN, 400718

Website

http://www.cqssgf.com

Chongqing Sansheng Industrial Co Ltd is engaged in concrete and chemical business. It covers the utilization of gypsum formed based on new environmentally friendly building materials and sulfuric acid, sulfur chemical research and development, production and sales. Its products include building materials and chemicals sector products which are commercial concrete, water reducing agent, expansion agent and sulfuric acid. The company's products used in industrial and civil buildings, highways, railways, bridges, tunnels, airports, water conservancy, and hydropower; sulfuric acid.

Executives

Pan Cheng Gong	Directors, executives
Hao Ting Yan	Director
Yang Zhi Yun	Executives
Pan Xian Wen	Director
Qian Jue Shi	Independent director
Zhang Zhi Qiang	Directors, executives
Li Wei	Executives
Fan Yu Jin	Executives
Yang Xing Zhi	Director
Pan Jing Kun	Director
Yang Min	Supervisors

Chongqingnsheng Industrial Co (SZSE:002742) Headlines

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