Shenzhen Megmeet Electrical Co (SZSE:002851) Receivables Turnover : 0.89 (As of Mar. 2025)

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What is Shenzhen Megmeet Electrical 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 Megmeet Electrical Co's Revenue for the three months ended in Mar. 2025 was ¥2,316 Mil. Shenzhen Megmeet Electrical Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥2,616 Mil. Hence, Shenzhen Megmeet Electrical Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.89.

Shenzhen Megmeet Electrical Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Megmeet Electrical 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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Shenzhen Megmeet Electrical Co Receivables Turnover Chart

Shenzhen Megmeet Electrical Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

4.45

3.98

3.73

3.44

3.40

Shenzhen Megmeet Electrical 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															0.80	0.88	0.77	0.93	0.89

Competitive Comparison of Shenzhen Megmeet Electrical Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Shenzhen Megmeet Electrical 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 Megmeet Electrical Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shenzhen Megmeet Electrical Co's Receivables Turnover falls into.

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Shenzhen Megmeet Electrical Co Receivables Turnover Calculation

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

Shenzhen Megmeet Electrical 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 )
=	8172.486	/ (	(2229.134	+	2576.23)	/	2 )
=	8172.486	/	2402.682
=	3.40

Shenzhen Megmeet Electrical 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 )
=	2316.335	/ (	(2576.23	+	2655.106)	/	2 )
=	2316.335	/	2615.668
=	0.89

Shenzhen Megmeet Electrical Co (SZSE:002851) 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 Megmeet Electrical Co Receivables Turnover Related Terms

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Shenzhen Megmeet Electrical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Megmeet Electrical Co Ltd (SZSE:002851) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 13 Langshan Road, Tsinghua Unisplendour Technology Park, A, B, C501-503, D, E, 5th Floor, High-tech Zone, North District, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.megmeet.com

Shenzhen Megmeet Electrical Co Ltd is a provider of industrial automation and power supply solutions. It operates in the areas of Industrial automation and control, Smart home appliances, and Custom power supplies. Industrial automation and control area includes motor drive, editable logic controller, new energy automotive motor drive, and industrial digital intelligent welding machine. Smart home appliances comprise flat panel display power supply, inverter air conditioner power converter, frequency conversion microwave oven power converter, and others. Custom power supplies include industrial microwave power, new energy vehicle power, electric power, LED color screen power supply, and others. The company has a business presence in China, and other international countries.

Executives

Tong Yong Sheng	Directors, executives
Zhang Zhi	Directors, executives
Wang Tao	Directors, executives
Wang Xue Fen	Director
Shen Chu Chun	Executives
Wang Yong Feng	Supervisors

Shenzhen Megmeet Electrical Co Headlines

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