GL Tech Co (SZSE:300480) Receivables Turnover : 0.46 (As of Mar. 2025)

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What is GL Tech 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. GL Tech Co's Revenue for the three months ended in Mar. 2025 was ¥152.9 Mil. GL Tech Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥328.8 Mil. Hence, GL Tech Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.46.

GL Tech Co Receivables Turnover Historical Data

The historical data trend for GL Tech 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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GL Tech Co Receivables Turnover Chart

GL Tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.69

2.02

2.15

2.35

1.79

GL Tech Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.48	0.31	0.48	0.62	0.46

Competitive Comparison of GL Tech Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, GL Tech 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.

GL Tech Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

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GL Tech Co Receivables Turnover Calculation

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

GL Tech Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	573.296	/ (	(312.243	+	328.052)	/	2 )
=	573.296	/	320.1475
=	1.79

GL Tech Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	152.866	/ (	(328.052	+	329.51)	/	2 )
=	152.866	/	328.781
=	0.46

GL Tech Co (SZSE:300480) 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.

GL Tech Co Receivables Turnover Related Terms

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GL Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GL Tech Co Ltd (SZSE:300480) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 10 Changchun Road, Zhengzhou High-tech Development Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.gltech.cn

GL Tech Co Ltd develops and produces instruments and complete solutions for the purposes of environmental protection, energy saving, and product safety. Its product line involves three areas: power production, coal mine safety production and semiconductor precision processing and manufacturing. Its products include two categories: safety production monitoring products; power production monitoring and environmental protection products.

Executives

Zhao Tong Yu	Director
Li Zu Qing	Directors, executives
Cao Wei	Secretary Dong
Sun Jian Hua	Director
Zhu Rui Hong	Supervisors
Li Yu Xia	Director
Liu Chun Feng	Executives
Guan Ping Li	Securities Affairs Representative

GL Tech Co Headlines

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