Anhui Anli Material Technology Co (SZSE:300218) Receivables Turnover : 1.84 (As of Mar. 2024)

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What is Anhui Anli Material 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. Anhui Anli Material Technology Co's Revenue for the three months ended in Mar. 2024 was ¥541 Mil. Anhui Anli Material Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥293 Mil. Hence, Anhui Anli Material Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.84.

Anhui Anli Material Technology Co Receivables Turnover Historical Data

The historical data trend for Anhui Anli Material 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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Anhui Anli Material Technology Co Receivables Turnover Chart

Anhui Anli Material Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

12.07

10.03

10.88

9.22

8.33

Anhui Anli Material Technology 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															1.87	1.74	1.97	1.96	1.84

Competitive Comparison of Anhui Anli Material Technology Co's Receivables Turnover

For the Footwear & Accessories subindustry, Anhui Anli Material 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.

Anhui Anli Material Technology Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Anhui Anli Material Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Anli Material Technology Co's Receivables Turnover falls into.

Anhui Anli Material Technology Co Receivables Turnover Calculation

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

Anhui Anli Material Technology 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 )
=	2000.272	/ (	(209.253	+	271.055)	/	2 )
=	2000.272	/	240.154
=	8.33

Anhui Anli Material Technology 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 )
=	540.862	/ (	(271.055	+	315.914)	/	2 )
=	540.862	/	293.4845
=	1.84

Anhui Anli Material Technology Co (SZSE:300218) 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.

Anhui Anli Material Technology Co Receivables Turnover Related Terms

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Anhui Anli Material Technology Co (SZSE:300218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Anhui Anli Material Technology Co Ltd (SZSE:300218) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taohua Industrial Zone, Economy & Technology Development Area, Anhui, Hefei, CHN, 2300093

Website

http://www.chinapuleather.com

Anhui Anli Material Technology Co Ltd is engaged in the research and development of ecological functional polyurethane synthetic leather and polyurethane composite materials. The products of the men and women's shoes, sports and leisure shoes, children's shoes, sofa furniture, handbags and suitcases, architecture decoration, and automobile interior decoration.

Executives

Yang Chu Guang	Directors, executives
Huang Wan Li	Executives
Hu Dong Wei	Executives
Yao He Ping	Directors, executives
Liu Song Xia	Directors, executives
Xu Hong	Securities Affairs Representative
Wang Yi Feng	Directors, executives
Chen Mao Xiang	Directors, executives
Zhou Si Min	Director
Chen Jiong Wen	Director
Zhang Jue	Executives
Huo Shao Fen	Director

Anhui Anli Material Technology Co (SZSE:300218) Headlines

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