Shenzhen Kaizhong Precision Technology Co (SZSE:002823) Receivables Turnover : 1.50 (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Shenzhen Kaizhong Precision 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. Shenzhen Kaizhong Precision Technology Co's Revenue for the three months ended in Sep. 2024 was ¥784 Mil. Shenzhen Kaizhong Precision Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥523 Mil. Hence, Shenzhen Kaizhong Precision Technology Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.50.

Shenzhen Kaizhong Precision Technology Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Kaizhong Precision 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.

* Premium members only.

Shenzhen Kaizhong Precision Technology Co Receivables Turnover Chart

Shenzhen Kaizhong Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.10

4.09

5.10

5.85

6.37

Shenzhen Kaizhong Precision Technology 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															1.53	1.52	1.51	1.61	1.50

Competitive Comparison of Shenzhen Kaizhong Precision Technology Co's Receivables Turnover

For the Tools & Accessories subindustry, Shenzhen Kaizhong Precision 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.

Shenzhen Kaizhong Precision Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Kaizhong Precision Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Kaizhong Precision Technology Co's Receivables Turnover falls into.

Shenzhen Kaizhong Precision Technology Co Receivables Turnover Calculation

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

Shenzhen Kaizhong Precision Technology 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 )
=	3023.977	/ (	(448.66	+	500.938)	/	2 )
=	3023.977	/	474.799
=	6.37

Shenzhen Kaizhong Precision Technology 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 )
=	783.556	/ (	(512.593	+	533.794)	/	2 )
=	783.556	/	523.1935
=	1.50

Shenzhen Kaizhong Precision Technology Co (SZSE:002823) 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.

Shenzhen Kaizhong Precision Technology Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Shenzhen Kaizhong Precision Technology Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Kaizhong Precision Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Kaizhong Precision Technology Co Ltd (SZSE:002823) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Furong Industrial Zone, Xinqiao, Jiangyin, Bao'an District, Guangdong Province, Shenzhen, CHN, 518125

Website

http://www.kaizhong.com

Shenzhen Kaizhong Precision Technology Co Ltd operates in the Chinese commutator industry. The company is specialized in the research and development and production of various types of quality commutators, slip rings, connectors, lightweight parts, high-strength and elastic parts, multi-layer insulated wires and other core precision parts for motor and electrical control system. Its products are widely applied in automotive, aerospace, household appliances, power tools and medical devices.

Executives

Ma Chao Meng	Executives
Wu Qi	Directors, executives
Wu Ying	Director
Deng Gui Bing	Executives
Zhang Hao Yu	Directors, executives
Wu Quan Hong	Executives
Yu Xiao Yun	Director

Shenzhen Kaizhong Precision Technology Co Headlines

No Headlines