Yimikang Tech Group Co (SZSE:300249) Receivables Turnover : 0.42 (As of Mar. 2024)

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What is Yimikang Tech Group 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. Yimikang Tech Group Co's Revenue for the three months ended in Mar. 2024 was ¥251.8 Mil. Yimikang Tech Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥602.2 Mil. Hence, Yimikang Tech Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.42.

Yimikang Tech Group Co Receivables Turnover Historical Data

The historical data trend for Yimikang Tech Group 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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Yimikang Tech Group Co Receivables Turnover Chart

Yimikang Tech Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.05

1.39

1.74

1.25

1.34

Yimikang Tech Group 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															0.16	0.38	0.33	0.40	0.42

Competitive Comparison of Yimikang Tech Group Co's Receivables Turnover

For the Electronic Components subindustry, Yimikang Tech Group 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.

Yimikang Tech Group Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yimikang Tech Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Yimikang Tech Group Co's Receivables Turnover falls into.

Yimikang Tech Group Co Receivables Turnover Calculation

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

Yimikang Tech Group 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 )
=	801.275	/ (	(623.782	+	575.969)	/	2 )
=	801.275	/	599.8755
=	1.34

Yimikang Tech Group 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 )
=	251.754	/ (	(575.969	+	628.466)	/	2 )
=	251.754	/	602.2175
=	0.42

Yimikang Tech Group Co (SZSE:300249) 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.

Yimikang Tech Group Co Receivables Turnover Related Terms

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Yimikang Tech Group Co (SZSE:300249) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yimikang Tech Group Co Ltd (SZSE:300249) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 2, South 2nd Road, Keyuan , High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.sunrisegroup.com.cn

Yimikang Tech Group Co Ltd offers precision environment integrated solutions & services. It provides technology and solution services for IT construction, large healthcare construction, environmental governance and other cloud computing data centers. It operates in the business areas of the Information field, Medical field, and Environmental protection field. In the Information field, the company offers advanced products and total solutions in the fields of communication equipment, data center, smart building, and energy management. In the Medical field, it offers medical purification engineering, hospital's overall logistics system and medical equipment sales, and other services. Environmental protection consists of operation in the field of dust removal, desulfurization and out of stock.

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