Shenzhen Minkave Technology Co (SZSE:300506) Receivables Turnover : 0.06 (As of Mar. 2024)

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What is Shenzhen Minkave Technology 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. Shenzhen Minkave Technology Co's Revenue for the three months ended in Mar. 2024 was ¥24.79 Mil. Shenzhen Minkave Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥401.84 Mil. Hence, Shenzhen Minkave Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.06.

Shenzhen Minkave Technology Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Minkave Technology 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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Shenzhen Minkave Technology Co Receivables Turnover Chart

Shenzhen Minkave Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.24

0.44

0.54

0.17

0.16

Shenzhen Minkave Technology 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															0.05	0.03	0.04	0.03	0.06

Competitive Comparison of Shenzhen Minkave Technology Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Shenzhen Minkave Technology 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.

Shenzhen Minkave Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Shenzhen Minkave Technology Co Receivables Turnover Calculation

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

Shenzhen Minkave Technology 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 )
=	81.126	/ (	(613.614	+	405.648)	/	2 )
=	81.126	/	509.631
=	0.16

Shenzhen Minkave Technology 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 )
=	24.789	/ (	(405.648	+	398.029)	/	2 )
=	24.789	/	401.8385
=	0.06

Shenzhen Minkave Technology Co (SZSE:300506) 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.

Shenzhen Minkave Technology Co Receivables Turnover Related Terms

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Shenzhen Minkave Technology Co (SZSE:300506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Minkave Technology Co Ltd (SZSE:300506) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

17/F West Coast Mansion, Nanyou Avenue, Nanshan Distric, Shenzhen, CHN, 518054

Website

http://www.minkave.com

Shenzhen Minkave Technology Co Ltd engages in the research, development, production, and sale of lighting products and in lighting engineering design. It undertakes lighting projects in urban lighting planning, tourism and cultural scenic spots, municipal landscapes, architectural lighting, high-end office buildings, large venues, high-end hotels, urban complexes, smart cities, and railways and chemical industries.

Executives

Zhang Jing Shi	Director
Cheng Zong Yu	Directors, executives
Yuan Yan	Secretary, Director
Peng Yin Li	Directors, executives
Liu Dong Hua	Director
Ceng Li Ru	Securities Affairs Representative

Shenzhen Minkave Technology Co (SZSE:300506) Headlines

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