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Guangdong Wenke Green Technology (SZSE:002775) Receivables Turnover : 0.10 (As of Mar. 2024)


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What is Guangdong Wenke Green Technology 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 Wenke Green Technology's Revenue for the three months ended in Mar. 2024 was ¥108.4 Mil. Guangdong Wenke Green Technology's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,113.3 Mil. Hence, Guangdong Wenke Green Technology's Receivables Turnover for the three months ended in Mar. 2024 was 0.10.


Guangdong Wenke Green Technology Receivables Turnover Historical Data

The historical data trend for Guangdong Wenke Green Technology'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 Wenke Green Technology Receivables Turnover Chart

Guangdong Wenke Green Technology 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 3.79 3.09 2.45 1.02 0.92

Guangdong Wenke Green Technology 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 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 0.26 0.19 0.26 0.19 0.10

Competitive Comparison of Guangdong Wenke Green Technology's Receivables Turnover

For the Engineering & Construction subindustry, Guangdong Wenke Green Technology'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 Wenke Green Technology's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Guangdong Wenke Green Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Wenke Green Technology's Receivables Turnover falls into.



Guangdong Wenke Green Technology Receivables Turnover Calculation

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

Guangdong Wenke Green Technology'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 )
=1025.375 / ((1066.342 + 1166.51) / 2 )
=1025.375 / 1116.426
=0.92

Guangdong Wenke Green Technology'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 )
=108.389 / ((1166.51 + 1060.016) / 2 )
=108.389 / 1113.263
=0.10

* 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 Wenke Green Technology  (SZSE:002775) 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 Wenke Green Technology Receivables Turnover Related Terms

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Guangdong Wenke Green Technology (SZSE:002775) Business Description

Traded in Other Exchanges
N/A
Address
1006 Shennan Road, Floor 35, 36, Tower A, Shenzhen International Innovation Center, Futian District, Shenzhen, Guangdong, CHN
Guangdong Wenke Green Technology Corp Ltd is engaged in comprehensive landscaping enterprise specializing in garden landscape design, greening seedling planting, landscaping project construction and garden maintenance.
Executives
Cheng Yu Jiao Securities Affairs Representative
Li Cong Wen Director
Tian Shou Neng Directors, executives
Wang Zu Sheng Executives
Cheng Zhi Peng Executives
Ye Ding Liang Executives
Huang Zhen Yuan Executives

Guangdong Wenke Green Technology (SZSE:002775) Headlines

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