Shenzhen Changfang Group Co (SZSE:300301) Receivables Turnover : 1.07 (As of Mar. 2024)

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What is Shenzhen Changfang 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. Shenzhen Changfang Group Co's Revenue for the three months ended in Mar. 2024 was ¥137.0 Mil. Shenzhen Changfang Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥128.2 Mil. Hence, Shenzhen Changfang Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.07.

Shenzhen Changfang Group Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Changfang 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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Shenzhen Changfang Group Co Receivables Turnover Chart

Shenzhen Changfang Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.69

2.06

4.14

4.49

3.89

Shenzhen Changfang 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															0.89	1.08	0.85	0.71	1.07

Competitive Comparison of Shenzhen Changfang Group Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Shenzhen Changfang 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.

Shenzhen Changfang Group Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Changfang Group Co's Receivables Turnover distribution charts can be found below:

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

Shenzhen Changfang Group Co Receivables Turnover Calculation

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

Shenzhen Changfang 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 )
=	543.898	/ (	(162.076	+	117.682)	/	2 )
=	543.898	/	139.879
=	3.89

Shenzhen Changfang 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 )
=	136.963	/ (	(117.682	+	138.78)	/	2 )
=	136.963	/	128.231
=	1.07

Shenzhen Changfang Group Co (SZSE:300301) 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.

Shenzhen Changfang Group Co Receivables Turnover Related Terms

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Shenzhen Changfang Group Co (SZSE:300301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Changfang Group Co Ltd (SZSE:300301) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 3 Road, Julongshan, Big Industry District, Shenzhen, CHN, 518118

Website

http://www.cfled.com

Shenzhen Changfang Group Co Ltd is engaged in research and development, design, production and sales of LED lighting source devices and LED lighting products, belonging to the semiconductor industry of electronic components industry. It is focused on the packaging of white LEDs for lighting, and downstream lighting. Its products include in-line and SMD LED lighting source devices, flashlights, rechargeable eye protection desk lamps, and portable devices, searchlights, emergency lights, horse lights, headlights, rechargeable energy-saving lamps, mosquito killers and electric mosquito swatters, multi-function mobile power supplies.

Executives

Xie Run Qiu	Supervisors
Nie Wei	Director
Li Di Chu	Directors, executives
Jiang Wei	Directors, executives
Deng Zi Quan	Directors, executives
Yang Wen Hao	Executives
Niu Wen Chao	Executives
Li Hai Jian	Secretary Dong
Meng Ling Bao	Supervisors
Deng Zi Zhang	Director
Huang Jin Zhang	Executives
Su Jin Yan	Supervisors

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