East Group Co (SZSE:300376) Receivables Turnover : 0.20 (As of Mar. 2024)

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What is East 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. East Group Co's Revenue for the three months ended in Mar. 2024 was ¥669 Mil. East Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,322 Mil. Hence, East Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.20.

East Group Co Receivables Turnover Historical Data

The historical data trend for East 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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East Group Co Receivables Turnover Chart

East Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.19

1.28

1.31

1.27

1.29

East 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															0.36	0.32	0.31	0.31	0.20

Competitive Comparison of East Group Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, East 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.

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

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

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

East Group Co Receivables Turnover Calculation

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

East 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 )
=	4792.587	/ (	(3986.318	+	3452.183)	/	2 )
=	4792.587	/	3719.2505
=	1.29

East 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 )
=	668.888	/ (	(3452.183	+	3191.528)	/	2 )
=	668.888	/	3321.8555
=	0.20

East Group Co (SZSE:300376) 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.

East Group Co Receivables Turnover Related Terms

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East Group Co (SZSE:300376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » East Group Co Ltd (SZSE:300376) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 6 Northern Industry Road, Songshan lake, Science and Technology Industrial Park, Dongguan, CHN, 523808

Website

http://www.eastups.com

East Group Co Ltd operates as a power supply manufacturer in China. It focuses on providing green, energy-saving, stable, reliable and continuous power supplies. The products offered by the group include Solar inverters & Solar PV energy solutions, UPS & Data center solutions, Electric vehicle charging station, Stabilizer and Lead-acid maintenance-free battery. Geographically it operates through China and it holds more than 200 representative offices around China. The company's products are sold in both Chinese and international markets.

Executives

Dai Bao Feng	Director
Zhang Tao	Executives
Xu Hai Bo	Directors, executives
Zhang Shun Jiang	Executives
Yu Wei	Directors, executives
He Jia	Director
Shi Xiao Li	Supervisors
He Si Mo	Directors, executives
Zhao Jiu Hong	Directors, executives
Yang Qin	Supervisors
Chen Yong Hua	Executives
Sun Xiao Ling	Supervisors

East Group Co (SZSE:300376) Headlines

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