WELLE Environmental Group Co (SZSE:300190) Receivables Turnover : 0.21 (As of Mar. 2025)

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What is WELLE Environmental 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. WELLE Environmental Group Co's Revenue for the three months ended in Mar. 2025 was ¥349 Mil. WELLE Environmental Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥1,656 Mil. Hence, WELLE Environmental Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.21.

WELLE Environmental Group Co Receivables Turnover Historical Data

The historical data trend for WELLE Environmental 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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WELLE Environmental Group Co Receivables Turnover Chart

WELLE Environmental Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.10

1.82

1.29

1.42

1.24

WELLE Environmental 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															0.24	0.37	0.26	0.35	0.21

Competitive Comparison of WELLE Environmental Group Co's Receivables Turnover

For the Waste Management subindustry, WELLE Environmental 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.

WELLE Environmental Group Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, WELLE Environmental Group Co's Receivables Turnover distribution charts can be found below:

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

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WELLE Environmental Group Co Receivables Turnover Calculation

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

WELLE Environmental 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 )
=	2047.63	/ (	(1643.392	+	1667.913)	/	2 )
=	2047.63	/	1655.6525
=	1.24

WELLE Environmental 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 )
=	349.294	/ (	(1667.913	+	1644.508)	/	2 )
=	349.294	/	1656.2105
=	0.21

WELLE Environmental Group Co (SZSE:300190) 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.

WELLE Environmental Group Co Receivables Turnover Related Terms

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WELLE Environmental Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » WELLE Environmental Group Co Ltd (SZSE:300190) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 156 Hanjiang Road, Changzhou New District, Jiangsu, CHN

Website

http://www.wellegroup.com

WELLE Environmental Group Co Ltd is engaged in organic waste treatment in China. It business activities include technologies and integrated solutions for leachate treatment, food waste treatment, kitchen waste and mixed garbage treatment, waste to energy (WTE), municipal sewage and sludge treatment, biogas to energy, flue gas purification, soil and water pollution remediation, VOC oil vapor recovery, energy conservation and emission reduction and other water, solid and air-related technologies.

Executives

Zhang Jin Feng	Executives
Pu Yan Xin	Directors, executives
Zhou Li Ye	Directors, executives
Jiang Guo Liang	Directors, executives
Zong Tao	Directors, executives
Zhu Wei Bing	Supervisors
Huang Xing Gang	Supervisors

WELLE Environmental Group Co Headlines

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