Shandong Meichen Ecology & Environment Co (SZSE:300237) Receivables Turnover : 0.34 (As of Mar. 2024)

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What is Shandong Meichen Ecology & Environment 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. Shandong Meichen Ecology & Environment Co's Revenue for the three months ended in Mar. 2024 was ¥431 Mil. Shandong Meichen Ecology & Environment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,276 Mil. Hence, Shandong Meichen Ecology & Environment Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.34.

Shandong Meichen Ecology & Environment Co Receivables Turnover Historical Data

The historical data trend for Shandong Meichen Ecology & Environment 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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Shandong Meichen Ecology & Environment Co Receivables Turnover Chart

Shandong Meichen Ecology & Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.78

2.67

1.73

1.14

1.34

Shandong Meichen Ecology & Environment 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															0.31	0.32	0.32	0.41	0.34

Competitive Comparison of Shandong Meichen Ecology & Environment Co's Receivables Turnover

For the Auto Parts subindustry, Shandong Meichen Ecology & Environment 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.

Shandong Meichen Ecology & Environment Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Ecology & Environment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shandong Meichen Ecology & Environment Co's Receivables Turnover falls into.

Shandong Meichen Ecology & Environment Co Receivables Turnover Calculation

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

Shandong Meichen Ecology & Environment 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 )
=	1684.003	/ (	(1185.406	+	1325.556)	/	2 )
=	1684.003	/	1255.481
=	1.34

Shandong Meichen Ecology & Environment 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 )
=	431.449	/ (	(1325.556	+	1226.213)	/	2 )
=	431.449	/	1275.8845
=	0.34

Shandong Meichen Ecology & Environment Co (SZSE:300237) 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.

Shandong Meichen Ecology & Environment Co Receivables Turnover Related Terms

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Shandong Meichen Ecology & Environment Co (SZSE:300237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Meichen Ecology & Environment Co Ltd (SZSE:300237) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200

Website

http://www.meichen.cc

Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.

Executives

Xu Hai Qin	Director
Zhang Lei	Director
Zheng Zhao Wei	Director
Li Rong Hua	Directors, executives
Guo Bai Feng	Director
Ma Jing Chun	Director
Li Rui Long	Executives
Xiao Pan Wen	Directors, executives
Sun Pei Zhu	Directors, executives
Li Wei Gang	Secretary Dong
Zhen Ran	Supervisors
Zhao Xiang Yang	Independent director
Li Xiao Nan	Director

Shandong Meichen Ecology & Environment Co (SZSE:300237) Headlines

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