China Leadshine Technology Co (SZSE:002979) Receivables Turnover : 0.71 (As of Mar. 2024)

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What is China Leadshine 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. China Leadshine Technology Co's Revenue for the three months ended in Mar. 2024 was ¥381 Mil. China Leadshine Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥538 Mil. Hence, China Leadshine Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.71.

China Leadshine Technology Co Receivables Turnover Historical Data

The historical data trend for China Leadshine 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.

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China Leadshine Technology Co Receivables Turnover Chart

China Leadshine Technology Co Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.29

4.82

4.70

3.41

2.84

China Leadshine Technology 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															0.64	0.75	0.65	0.72	0.71

Competitive Comparison of China Leadshine Technology Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, China Leadshine 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.

China Leadshine Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where China Leadshine Technology Co's Receivables Turnover falls into.

China Leadshine Technology Co Receivables Turnover Calculation

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

China Leadshine 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 )
=	1415.368	/ (	(486.178	+	512.214)	/	2 )
=	1415.368	/	499.196
=	2.84

China Leadshine Technology 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 )
=	381.495	/ (	(512.214	+	564.192)	/	2 )
=	381.495	/	538.203
=	0.71

China Leadshine Technology Co (SZSE:002979) 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.

China Leadshine Technology Co Receivables Turnover Related Terms

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China Leadshine Technology Co (SZSE:002979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Leadshine Technology Co Ltd (SZSE:002979) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

1001 Xueyuan Avenue, Taoyuan Street, 9-11 Floor, Building A3, Nanshan Zhiyuan, Nanshan District, Guangdong, Shenzhen, CHN, 518052

Website

http://www.leisai.com

China Leadshine Technology Co Ltd is engaged in production, sales, research and development of motion control core components controllers, drivers, motors, and research and development of application systems in related industries. The company's product portfolio includes Bus driver, Digital stepper motor and driver, Closed-Loop Stepper Motors and Drivers, Hybrid servo system, Low voltage servo system, High-voltage AC servo system, Integrated motor, Accessories, and Motion Control Products.

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