CSG Smart Science and Technology Co (SZSE:300222) Receivables Turnover : 0.35 (As of Mar. 2024)

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What is CSG Smart Science and 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. CSG Smart Science and Technology Co's Revenue for the three months ended in Mar. 2024 was ¥506 Mil. CSG Smart Science and Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,457 Mil. Hence, CSG Smart Science and Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.35.

CSG Smart Science and Technology Co Receivables Turnover Historical Data

The historical data trend for CSG Smart Science and 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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CSG Smart Science and Technology Co Receivables Turnover Chart

CSG Smart Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.30

1.92

1.99

2.14

1.97

CSG Smart Science and 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															0.37	0.56	0.48	0.63	0.35

Competitive Comparison of CSG Smart Science and Technology Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, CSG Smart Science and 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.

CSG Smart Science and Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CSG Smart Science and Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CSG Smart Science and Technology Co's Receivables Turnover falls into.

CSG Smart Science and Technology Co Receivables Turnover Calculation

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

CSG Smart Science and 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 )
=	3101.934	/ (	(1569.413	+	1575.039)	/	2 )
=	3101.934	/	1572.226
=	1.97

CSG Smart Science and 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 )
=	505.702	/ (	(1575.039	+	1338.746)	/	2 )
=	505.702	/	1456.8925
=	0.35

CSG Smart Science and Technology Co (SZSE:300222) 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.

CSG Smart Science and Technology Co Receivables Turnover Related Terms

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CSG Smart Science and Technology Co (SZSE:300222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CSG Smart Science and Technology Co Ltd (SZSE:300222) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 456, Bibo Road, Zhangjiang High Tech, Pudong District, Shanghai, CHN, 201203

Website

http://www.csg.com.cn

CSG Smart Science and Technology Co Ltd is engaged in the manufacturing of high-end equipment and smart distribution networks in China. It primarily focuses on improving the product quality, enhancing work safety, and reducing energy consumption and environmental pollution for customers in such areas as automaking, new energy, electrical equipment, rail transportation, and the war industry. It offers smart factory total solution to enhance production efficiency, welding products, intelligent logistics products, various other Service and special robots. Geographically it operates through China.

Executives

Yang Rui Jun	Director
Zhang Bin	Supervisors
Lu Ying	Directors, executives
Wang Jia Lun	Securities Affairs Representative
Mu Jun Bai	Directors, executives
Ren Jian Fu	Supervisors
Liu Xiao Jing	Supervisors
Pan Jin Ping	Executives
Chen Jian	Director
Yao Yao	Directors, executives
Xu Cong Wei	Independent director
Huang Ming Song	Directors, executives
Wang Ting Ting	Supervisors
Lu Bing	Director
Tao Wei Qing	Supervisors

CSG Smart Science and Technology Co (SZSE:300222) Headlines

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