PhiChem (SZSE:300398) Receivables Turnover : 0.69 (As of Mar. 2024)

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What is PhiChem 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. PhiChem's Revenue for the three months ended in Mar. 2024 was ¥668 Mil. PhiChem's average Accounts Receivable for the three months ended in Mar. 2024 was ¥962 Mil. Hence, PhiChem's Receivables Turnover for the three months ended in Mar. 2024 was 0.69.

PhiChem Receivables Turnover Historical Data

The historical data trend for PhiChem'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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PhiChem Receivables Turnover Chart

PhiChem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.43

3.49

3.74

3.66

3.15

PhiChem 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															0.74	0.83	0.80	0.80	0.69

Competitive Comparison of PhiChem's Receivables Turnover

For the Specialty Chemicals subindustry, PhiChem'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.

PhiChem's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PhiChem's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PhiChem's Receivables Turnover falls into.

PhiChem Receivables Turnover Calculation

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

PhiChem'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 )
=	2728.683	/ (	(781.22	+	950.305)	/	2 )
=	2728.683	/	865.7625
=	3.15

PhiChem'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 )
=	668.475	/ (	(950.305	+	974.306)	/	2 )
=	668.475	/	962.3055
=	0.69

PhiChem (SZSE:300398) 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.

PhiChem Receivables Turnover Related Terms

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PhiChem (SZSE:300398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PhiChem Corp (SZSE:300398) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

2999 Panjing Road, Baoshan district, Shanghai, CHN, 201908

Website

http://www.phichem.com.cn

PhiChem Corp is a chemical manufacturing company. It is engaged in the research, production, and sale of materials and specialty chemicals used in high-tech manufacturing. Its product portfolio includes formulated ultraviolet (UV) curable materials optical fiber/cable, materials for wafer, printed circuit board, light-emitting diode (LED), Surface-mount technology (SMT) production, Liquid crystal materials for information display applications, release coating materials for packaging and industrial applications, specialty resins, intermediates and additives. Its products are also used in electronic manufacturing fields. The company has a global presence with sales offices in China, Taiwan, Japan, United States, South Korea and India.

Executives

Su Bin	Directors, executives
Song Shu Guo	Directors, executives
	Director
Zhang Lu Yang	Independent director
Jin Ding	Director
Wang Lin	Supervisors

PhiChem (SZSE:300398) Headlines

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