Jinlongyu Group Co (SZSE:002882) Receivables Turnover : 0.81 (As of Sep. 2024)

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What is Jinlongyu Group 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. Jinlongyu Group Co's Revenue for the three months ended in Sep. 2024 was ¥1,020 Mil. Jinlongyu Group Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥1,252 Mil. Hence, Jinlongyu Group Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.81.

Jinlongyu Group Co Receivables Turnover Historical Data

The historical data trend for Jinlongyu Group 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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Jinlongyu Group Co Receivables Turnover Chart

Jinlongyu Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.94

4.31

4.59

3.55

3.69

Jinlongyu Group 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															0.84	0.98	0.62	0.81	0.81

Competitive Comparison of Jinlongyu Group Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Jinlongyu Group 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.

Jinlongyu Group Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Jinlongyu Group Co's Receivables Turnover falls into.

Jinlongyu Group Co Receivables Turnover Calculation

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

Jinlongyu Group 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 )
=	3931.98	/ (	(1014.361	+	1117.331)	/	2 )
=	3931.98	/	1065.846
=	3.69

Jinlongyu Group 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 )
=	1019.78	/ (	(1195.926	+	1307.823)	/	2 )
=	1019.78	/	1251.8745
=	0.81

Jinlongyu Group Co (SZSE:002882) 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.

Jinlongyu Group Co Receivables Turnover Related Terms

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Jinlongyu Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jinlongyu Group Co Ltd (SZSE:002882) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Phuket Sheung Shui Road, Jinlong Yu Group Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518112

Website

http://Www.szjly.com

Jinlongyu Group Co Ltd is a wire and cable manufacturing company in South China. The principal business activities of the company include research and development, production, sales and service of wire and cable. Its main wire and cable products mainly include polyethylene insulated power cable, insulated PVC sheathed power cable, overhead insulated cables, steel core aluminum stranded wire, copper - aluminum core power cable and computer cables and control cables. The products of Jinlongyu Group are exported to a number of countries and regions such as Singapore, Australia, Hong Kong, among others.

Executives

Xia Lan	Directors, executives
Ji Xing Dan	Directors, executives
Feng Bo	Executives
Lu Zhi Cai	Directors, executives
Zhou Yong Hua	Executives
Zheng Kang Jun	Director
Xiong Zhong Hong	Executives
Li Si Xi	Director
Ji Gui Xin	Supervisors

Jinlongyu Group Co Headlines

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