TSP Wind Power Group Co (SZSE:300129) Receivables Turnover : 0.27 (As of Mar. 2025)

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What is TSP Wind Power 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. TSP Wind Power Group Co's Revenue for the three months ended in Mar. 2025 was ¥795 Mil. TSP Wind Power Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥2,973 Mil. Hence, TSP Wind Power Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.27.

TSP Wind Power Group Co Receivables Turnover Historical Data

The historical data trend for TSP Wind Power 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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TSP Wind Power Group Co Receivables Turnover Chart

TSP Wind Power Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.33

2.32

1.58

2.09

1.67

TSP Wind Power Group 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															0.25	0.38	0.48	0.64	0.27

Competitive Comparison of TSP Wind Power Group Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, TSP Wind Power 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.

TSP Wind Power Group Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

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TSP Wind Power Group Co Receivables Turnover Calculation

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

TSP Wind Power Group 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 )
=	4837.841	/ (	(2610.402	+	3183.069)	/	2 )
=	4837.841	/	2896.7355
=	1.67

TSP Wind Power Group 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 )
=	794.943	/ (	(3183.069	+	2763.535)	/	2 )
=	794.943	/	2973.302
=	0.27

TSP Wind Power Group Co (SZSE:300129) 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.

TSP Wind Power Group Co Receivables Turnover Related Terms

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TSP Wind Power Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TSP Wind Power Group Co Ltd (SZSE:300129) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 175 Longyao Road, 40th Floor, Xingyang West Bund Center, Xuhui District, Shanghai, CHN, 200232

Website

https://www.shtsp.com

TSP Wind Power Group Co Ltd is a China-based company. It is principally engaged in the research, development, manufacture, and sales of wind power generation equipment. The company's products are mainly used in offshore wind power generation and marine engineering.

Executives

Huang Jing Ming	Director
Liu Zhi Cheng	Director
Zhang Fu Lin	Director
Xia Quan Guang	Director
Zhao Jian Min	Executives
Dou Jian Rong	Director
Zhang Jin Nan	Directors, executives
Zou Tao	Directors, Directors, and Executives
Huang Wei Guang	Supervisors
Zhu Shou Guo	Director
Lin Shou Tong	Director
Cai Xun Jiang	Supervisors
Wu Yun Dong	Director

TSP Wind Power Group Co Headlines

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