Kunming Chuan Jin Nuo Chemical Co (SZSE:300505) Receivables Turnover : 3.46 (As of Mar. 2024)

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What is Kunming Chuan Jin Nuo Chemical 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. Kunming Chuan Jin Nuo Chemical Co's Revenue for the three months ended in Mar. 2024 was ¥581 Mil. Kunming Chuan Jin Nuo Chemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥168 Mil. Hence, Kunming Chuan Jin Nuo Chemical Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.46.

Kunming Chuan Jin Nuo Chemical Co Receivables Turnover Historical Data

The historical data trend for Kunming Chuan Jin Nuo Chemical 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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Kunming Chuan Jin Nuo Chemical Co Receivables Turnover Chart

Kunming Chuan Jin Nuo Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

22.18

25.01

27.12

37.82

22.30

Kunming Chuan Jin Nuo Chemical 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															10.21	8.63	7.89	5.59	3.46

Competitive Comparison of Kunming Chuan Jin Nuo Chemical Co's Receivables Turnover

For the Agricultural Inputs subindustry, Kunming Chuan Jin Nuo Chemical 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.

Kunming Chuan Jin Nuo Chemical Co's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Kunming Chuan Jin Nuo Chemical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kunming Chuan Jin Nuo Chemical Co's Receivables Turnover falls into.

Kunming Chuan Jin Nuo Chemical Co Receivables Turnover Calculation

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

Kunming Chuan Jin Nuo Chemical 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 )
=	2711.34	/ (	(58.124	+	185.068)	/	2 )
=	2711.34	/	121.596
=	22.30

Kunming Chuan Jin Nuo Chemical 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 )
=	581.361	/ (	(185.068	+	150.607)	/	2 )
=	581.361	/	167.8375
=	3.46

Kunming Chuan Jin Nuo Chemical Co (SZSE:300505) 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.

Kunming Chuan Jin Nuo Chemical Co Receivables Turnover Related Terms

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Kunming Chuan Jin Nuo Chemical Co (SZSE:300505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Kunming Chuan Jin Nuo Chemical Co Ltd (SZSE:300505) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sifangdi Industrial Park, Tongdu Town, Dongchuan District, Yunnan Province, Kunming, CHN, 654100

Website

http://www.kmcjn.com

Kunming Chuan Jin Nuo Chemical Co Ltd is producer of fertilizer grade phosphates. It also researches, produces and grading of wet-process phosphoric acid. Its products are wet-process phosphoric acid and phosphate products. Its products include fertilizer grade calcium hydrogen phosphate, triple superphosphate, enriched superphosphate, and single superphosphate.

Executives

Liu Meng	Secretary, Director
Zhou Yong Xiang	Executives
Wei Jia Gui	Directors, executives
Tang Jia Pu	Director
Hong Hua	Supervisors
Zhang He Jin	Executives
Liu Ming Yi	Executives
Zi Hong Yun	Director
Ceng Run Guo	Executives
Sun Wei Cheng	Supervisors

Kunming Chuan Jin Nuo Chemical Co (SZSE:300505) Headlines

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