Guangdong Tianhe Agricultural Means Of Production Co (SZSE:002999) Receivables Turnover : 7.01 (As of Mar. 2025)

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What is Guangdong Tianhe Agricultural Means Of Production 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 Tianhe Agricultural Means Of Production Co's Revenue for the three months ended in Mar. 2025 was ¥3,934 Mil. Guangdong Tianhe Agricultural Means Of Production Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥561 Mil. Hence, Guangdong Tianhe Agricultural Means Of Production Co's Receivables Turnover for the three months ended in Mar. 2025 was 7.01.

Guangdong Tianhe Agricultural Means Of Production Co Receivables Turnover Historical Data

The historical data trend for Guangdong Tianhe Agricultural Means Of Production 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 Tianhe Agricultural Means Of Production Co Receivables Turnover Chart

Guangdong Tianhe Agricultural Means Of Production Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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254.37

244.95

127.88

57.56

34.38

Guangdong Tianhe Agricultural Means Of Production 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															6.28	6.56	3.50	4.54	7.01

Competitive Comparison of Guangdong Tianhe Agricultural Means Of Production Co's Receivables Turnover

For the Agricultural Inputs subindustry, Guangdong Tianhe Agricultural Means Of Production 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 Tianhe Agricultural Means Of Production Co's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Guangdong Tianhe Agricultural Means Of Production Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Tianhe Agricultural Means Of Production Co's Receivables Turnover falls into.

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Guangdong Tianhe Agricultural Means Of Production Co Receivables Turnover Calculation

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

Guangdong Tianhe Agricultural Means Of Production 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 )
=	14454.695	/ (	(375.401	+	465.425)	/	2 )
=	14454.695	/	420.413
=	34.38

Guangdong Tianhe Agricultural Means Of Production 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 )
=	3934.069	/ (	(465.425	+	657.04)	/	2 )
=	3934.069	/	561.2325
=	7.01

Guangdong Tianhe Agricultural Means Of Production Co (SZSE:002999) 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 Tianhe Agricultural Means Of Production Co Receivables Turnover Related Terms

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Guangdong Tianhe Agricultural Means Of Production Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Guangdong Tianhe Agricultural Means Of Production Co Ltd (SZSE:002999) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

709 Dongfeng East Road, Yuexiu District, Guangdong Province, Guangzhou, CHN, 510080

Website

https://www.gd-tianhe.com

Guangdong Tianhe Agricultural Means Of Production Co Ltd is engaged in sales of fertilizers, pesticides and other agricultural products and provide professional agricultural technology services. The company mainly sells nitrogen fertilizer and potash fertilizer to wholesale customers and industrial customers.

Executives

Liu Yong Feng	Secretary Dong
Xu Zhi Gang	Executives
Luo Xuan Bin	Executives
Qiu Jun Wei	Executives
Yao Wei Ying	Directors, executives
Liu Yi	Director
Ke Ying Chao	Directors, executives

Guangdong Tianhe Agricultural Means Of Production Co Headlines

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