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Jiangsu LiXing General Steel Ball Co (SZSE:300421) Receivables Turnover : 0.71 (As of Sep. 2024)


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What is Jiangsu LiXing General Steel Ball 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. Jiangsu LiXing General Steel Ball Co's Revenue for the three months ended in Sep. 2024 was ¥265 Mil. Jiangsu LiXing General Steel Ball Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥371 Mil. Hence, Jiangsu LiXing General Steel Ball Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.71.


Jiangsu LiXing General Steel Ball Co Receivables Turnover Historical Data

The historical data trend for Jiangsu LiXing General Steel Ball 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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Jiangsu LiXing General Steel Ball Co Receivables Turnover Chart

Jiangsu LiXing General Steel Ball Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 3.06 3.47 3.19 2.98

Jiangsu LiXing General Steel Ball Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.70 0.70 0.76 0.71

Competitive Comparison of Jiangsu LiXing General Steel Ball Co's Receivables Turnover

For the Steel subindustry, Jiangsu LiXing General Steel Ball 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.


Jiangsu LiXing General Steel Ball Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu LiXing General Steel Ball Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu LiXing General Steel Ball Co's Receivables Turnover falls into.



Jiangsu LiXing General Steel Ball Co Receivables Turnover Calculation

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

Jiangsu LiXing General Steel Ball 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 )
=1001.648 / ((319.183 + 353.634) / 2 )
=1001.648 / 336.4085
=2.98

Jiangsu LiXing General Steel Ball Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=264.838 / ((379.39 + 362.728) / 2 )
=264.838 / 371.059
=0.71

* 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.


Jiangsu LiXing General Steel Ball Co  (SZSE:300421) 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.


Jiangsu LiXing General Steel Ball Co Receivables Turnover Related Terms

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Jiangsu LiXing General Steel Ball Co Business Description

Traded in Other Exchanges
N/A
Address
No. 68, Xingyuan Avenue, Rugao Town, Jiangsu Province, Rugao, Jiangsu, CHN, 226500
Jiangsu LiXing General Steel Ball Co Ltd is engaged in manufacturing of mechanical basic parts and auto parts. Its main products are high-precision bearing steel ball, precision non-sound steel ball, high-grade car special precision bearing steel ball, high-grade car wheel special steel ball, wind power generation special steel Balls.
Executives
Su Yin Jian Supervisors
Zhao Gao Ming Directors, executives
Wang Rong Directors, executives
Sha Xiao Jian Executives
Zhang Bang You Directors, executives
Chen Fang Executives
Wu Xiang Hui Supervisors
Tang Guo Hua Directors, executives
Shi Xiang Gui Directors, executives

Jiangsu LiXing General Steel Ball Co Headlines

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