Shenzhen Colibri Technologies Co (SZSE:002957) Receivables Turnover : 0.36 (As of Mar. 2024)

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What is Shenzhen Colibri Technologies 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 Colibri Technologies Co's Revenue for the three months ended in Mar. 2024 was ¥544 Mil. Shenzhen Colibri Technologies Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,512 Mil. Hence, Shenzhen Colibri Technologies Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.36.

Shenzhen Colibri Technologies Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Colibri Technologies 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 Colibri Technologies Co Receivables Turnover Chart

Shenzhen Colibri Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.46

2.45

2.28

2.48

1.81

Shenzhen Colibri Technologies Co 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															0.37	0.51	0.52	0.59	0.36

Competitive Comparison of Shenzhen Colibri Technologies Co's Receivables Turnover

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

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

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

Shenzhen Colibri Technologies Co Receivables Turnover Calculation

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

Shenzhen Colibri Technologies 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 )
=	2857.359	/ (	(1613.992	+	1549.37)	/	2 )
=	2857.359	/	1581.681
=	1.81

Shenzhen Colibri Technologies Co'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 )
=	544.323	/ (	(1549.37	+	1473.822)	/	2 )
=	544.323	/	1511.596
=	0.36

Shenzhen Colibri Technologies Co (SZSE:002957) 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 Colibri Technologies Co Receivables Turnover Related Terms

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Shenzhen Colibri Technologies Co (SZSE:002957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Colibri Technologies Co Ltd (SZSE:002957) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/F, 7th Zhonggang Building, Maqueling Estate, Hi-Tech Industrial Park, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.colibri.com

Shenzhen Colibri Technologies Co Ltd is a technology-oriented automation company. It offers simple solutions encompassing advanced design, research and development, processing, and project management services. It provides customised technological solutions in three areas: precision automated equipment design and build, precision equipment replication and precision machining, tool and die.

Executives

Li Dan Dan	Executives
Rao Le Le	Executives

Shenzhen Colibri Technologies Co (SZSE:002957) Headlines

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