Jiangsu Changhai Composite Materials Co (SZSE:300196) Receivables Turnover : 1.25 (As of Mar. 2024)

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What is Jiangsu Changhai Composite Materials 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. Jiangsu Changhai Composite Materials Co's Revenue for the three months ended in Mar. 2024 was ¥581 Mil. Jiangsu Changhai Composite Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥464 Mil. Hence, Jiangsu Changhai Composite Materials Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.25.

Jiangsu Changhai Composite Materials Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Changhai Composite Materials 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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Jiangsu Changhai Composite Materials Co Receivables Turnover Chart

Jiangsu Changhai Composite Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.34

5.89

6.56

7.06

6.10

Jiangsu Changhai Composite Materials 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															1.35	1.49	1.41	1.39	1.25

Competitive Comparison of Jiangsu Changhai Composite Materials Co's Receivables Turnover

For the Chemicals subindustry, Jiangsu Changhai Composite Materials 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.

Jiangsu Changhai Composite Materials Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Changhai Composite Materials Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Changhai Composite Materials Co's Receivables Turnover falls into.

Jiangsu Changhai Composite Materials Co Receivables Turnover Calculation

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

Jiangsu Changhai Composite Materials 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 )
=	2606.951	/ (	(437.769	+	417.352)	/	2 )
=	2606.951	/	427.5605
=	6.10

Jiangsu Changhai Composite Materials 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 )
=	580.956	/ (	(417.352	+	511.486)	/	2 )
=	580.956	/	464.419
=	1.25

Jiangsu Changhai Composite Materials Co (SZSE:300196) 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.

Jiangsu Changhai Composite Materials Co Receivables Turnover Related Terms

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Jiangsu Changhai Composite Materials Co (SZSE:300196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Changhai Composite Materials Co Ltd (SZSE:300196) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Changzhou, Changzhou, CHN, 213102

Website

http://www.changhaigfrp.com

Jiangsu Changhai Composite Materials Co Ltd is engaged in the scientific research, product development, production, sales and service of fiberglass-based composite materials. Its product lines include fiberglass reinforcements, non-woven fiberglass tissues, and gypsum wallboard coverings, covering all kinds of fiberglass roving, chopped strand mat, woven roving, fiberglass mesh, roofing tissue, surfacing veil, flooring tissue, pipe tissue, carpet tile tissue, battery separator, and gypsum wallboard coverings.

Executives

Qi Ji Xing	Directors, executives
Zhou Yuan Long	Directors, executives
Yang Guo Wen	Director
Shao Jun	Director
Yang Peng Wei	Directors, executives
Yang Feng Qin	Director
Xu Yao Xin	Supervisors
Zhang Zhong	Supervisors

Jiangsu Changhai Composite Materials Co (SZSE:300196) Headlines

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