Optics Technology Holding Co (SZSE:300489) Receivables Turnover : 0.96 (As of Mar. 2024)

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What is Optics Technology Holding 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. Optics Technology Holding Co's Revenue for the three months ended in Mar. 2024 was ¥234 Mil. Optics Technology Holding Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥245 Mil. Hence, Optics Technology Holding Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.96.

Optics Technology Holding Co Receivables Turnover Historical Data

The historical data trend for Optics Technology Holding 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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Optics Technology Holding Co Receivables Turnover Chart

Optics Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.12

4.36

3.95

4.60

4.66

Optics Technology Holding 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															1.06	1.07	1.21	1.35	0.96

Competitive Comparison of Optics Technology Holding Co's Receivables Turnover

For the Aluminum subindustry, Optics Technology Holding 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.

Optics Technology Holding Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Optics Technology Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Optics Technology Holding Co's Receivables Turnover falls into.

Optics Technology Holding Co Receivables Turnover Calculation

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

Optics Technology Holding 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 )
=	1011.387	/ (	(202.862	+	231.489)	/	2 )
=	1011.387	/	217.1755
=	4.66

Optics Technology Holding 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 )
=	234.498	/ (	(231.489	+	257.973)	/	2 )
=	234.498	/	244.731
=	0.96

Optics Technology Holding Co (SZSE:300489) 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.

Optics Technology Holding Co Receivables Turnover Related Terms

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Optics Technology Holding Co (SZSE:300489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Optics Technology Holding Co Ltd (SZSE:300489) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 5, 8th Avenue, Pingfang District, Nancheng, Harbin, CHN, 150060

Website

http://www.zfgf.cc

Optics Technology Holding Co Ltd, formerly Harbin ZhongFei New Technology Co Ltd is a manufacturer of high-performance aluminum alloy materials and machined parts. Its engaged in production, sales of mechanical equipment, instrumentation, mechanical processing, industrial automation technology development and technical services. It belongs to the field of new materials technology and new energy and energy-saving technologies. Its products are aluminum alloy forgings, extrusions, and machine parts.

Executives

Gong Tao	Directors, executives
Liu Liu	Director
Gao Shu Zeng	Executives
Zhang Chun Bo	Directors, executives
Shi Yong Sheng	Supervisors
Zhang Yong	Supervisors
Wang Chun Yu	Directors, executives
Li Hai Bing	Secretary, Director
Wang Gui Xiang	Supervisors

Optics Technology Holding Co (SZSE:300489) Headlines

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