Fujian Newchoice Pipe Technology Co (SZSE:300198) Receivables Turnover : 0.04 (As of Mar. 2025)

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What is Fujian Newchoice Pipe 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. Fujian Newchoice Pipe Technology Co's Revenue for the three months ended in Mar. 2025 was ¥16.6 Mil. Fujian Newchoice Pipe Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥471.5 Mil. Hence, Fujian Newchoice Pipe Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.04.

Fujian Newchoice Pipe Technology Co Receivables Turnover Historical Data

The historical data trend for Fujian Newchoice Pipe 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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Fujian Newchoice Pipe Technology Co Receivables Turnover Chart

Fujian Newchoice Pipe Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.12

1.61

1.36

1.08

0.36

Fujian Newchoice Pipe Technology 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															0.12	0.12	0.08	0.06	0.04

Competitive Comparison of Fujian Newchoice Pipe Technology Co's Receivables Turnover

For the Building Products & Equipment subindustry, Fujian Newchoice Pipe 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.

Fujian Newchoice Pipe Technology Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fujian Newchoice Pipe Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fujian Newchoice Pipe Technology Co's Receivables Turnover falls into.

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Fujian Newchoice Pipe Technology Co Receivables Turnover Calculation

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

Fujian Newchoice Pipe Technology 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 )
=	157.165	/ (	(406.29	+	462.752)	/	2 )
=	157.165	/	434.521
=	0.36

Fujian Newchoice Pipe Technology 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 )
=	16.581	/ (	(462.752	+	480.313)	/	2 )
=	16.581	/	471.5325
=	0.04

Fujian Newchoice Pipe Technology Co (SZSE:300198) 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.

Fujian Newchoice Pipe Technology Co Receivables Turnover Related Terms

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Fujian Newchoice Pipe Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fujian Newchoice Pipe Technology Co Ltd (SZSE:300198) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No.666 Xiahe Road, 25F,Haiyi Building A, Siming District, Xiamen, CHN, 362000

Website

http://www.nachuan.com

Fujian Newchoice Pipe Technology Co Ltd operates as a high-tech environmental protection industry group in China. Its business covers new energy vehicles, PPP investment construction, and green environmental protection pipes. Its products include High-density polyethylene (HDPE) wound structure wall tube, Steel skeleton polyethylene (PE) plastic composite pipe and FRP sand pipe.

Executives

Zhang Xiao Li	Supervisors
Liu Rong Xuan	Director
Xiao Ren Jian	Directors, executives
Chen Zhi Jiang	Directors, executives
Chen Zhang Quan	Securities Affairs Representative
Cai Qiu Lin	Supervisors
Cai Le Min	Directors, executives
Liu Yu Lin	Director
Fu Yi Ying	Directors, executives
Xu Wan Jiao	Securities Affairs Representative
Yang Hui	Secretary, Director
Wang Li Qun	Executives
Zhang Ping	Executives

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