Guangdong Enpack Packaging Co (SZSE:002846) Receivables Turnover : 1.48 (As of Mar. 2025)

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What is Guangdong Enpack Packaging 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. Guangdong Enpack Packaging Co's Revenue for the three months ended in Mar. 2025 was ¥491 Mil. Guangdong Enpack Packaging Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥332 Mil. Hence, Guangdong Enpack Packaging Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.48.

Guangdong Enpack Packaging Co Receivables Turnover Historical Data

The historical data trend for Guangdong Enpack Packaging 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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Guangdong Enpack Packaging Co Receivables Turnover Chart

Guangdong Enpack Packaging Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.04

7.42

6.96

6.31

6.77

Guangdong Enpack Packaging 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															1.62	1.60	1.61	1.66	1.48

Competitive Comparison of Guangdong Enpack Packaging Co's Receivables Turnover

For the Packaging & Containers subindustry, Guangdong Enpack Packaging 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.

Guangdong Enpack Packaging Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Guangdong Enpack Packaging Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Enpack Packaging Co's Receivables Turnover falls into.

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Guangdong Enpack Packaging Co Receivables Turnover Calculation

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

Guangdong Enpack Packaging 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 )
=	2018.436	/ (	(260.94	+	335.57)	/	2 )
=	2018.436	/	298.255
=	6.77

Guangdong Enpack Packaging 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 )
=	490.911	/ (	(335.57	+	328.993)	/	2 )
=	490.911	/	332.2815
=	1.48

Guangdong Enpack Packaging Co (SZSE:002846) 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 Enpack Packaging Co Receivables Turnover Related Terms

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Guangdong Enpack Packaging Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Guangdong Enpack Packaging Co Ltd (SZSE:002846) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

ENPACK Industrial Park, Da’nan Road, Haojiang District, Guangdong Province, Shantou, CHN, 515000

Website

http://www.enpackcorp.com

Guangdong Enpack Packaging Co Ltd is a fast-moving consumer goods metal packaging provider. The company specializes in the development, production, and sales of easy to open products in metal packaging. Canned food easy open end, dried food easy open end, beverage easy open end, and daily chemicals easy open end, are the product categories offered by the company. The products of the entity are sold in China and are also exported to various other countries.

Executives

Weng Wei Wu	Director
Zheng Tao	Executives
Huang Yong Song	Executives
Xia Hong Ming	Directors, Directors, and Executives
Cai Tong	Securities Affairs Representative
Lin Xi Wu	Supervisors
Guo Gui Qiang	Executives
Qiu Pei Qiao	Supervisors

Guangdong Enpack Packaging Co Headlines

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