Jiangsu Daybright Intelligent Electric Co (SZSE:300670) Receivables Turnover : 0.34 (As of Mar. 2025)

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What is Jiangsu Daybright Intelligent Electric 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 Daybright Intelligent Electric Co's Revenue for the three months ended in Mar. 2025 was ¥70.7 Mil. Jiangsu Daybright Intelligent Electric Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥205.1 Mil. Hence, Jiangsu Daybright Intelligent Electric Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.34.

Jiangsu Daybright Intelligent Electric Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Daybright Intelligent Electric 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 Daybright Intelligent Electric Co Receivables Turnover Chart

Jiangsu Daybright Intelligent Electric Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.44

1.54

0.86

1.62

1.45

Jiangsu Daybright Intelligent Electric 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															0.40	0.40	0.16	0.25	0.34

Competitive Comparison of Jiangsu Daybright Intelligent Electric Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Jiangsu Daybright Intelligent Electric 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 Daybright Intelligent Electric Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Daybright Intelligent Electric Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Daybright Intelligent Electric Co's Receivables Turnover falls into.

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Jiangsu Daybright Intelligent Electric Co Receivables Turnover Calculation

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

Jiangsu Daybright Intelligent Electric 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 )
=	337.399	/ (	(257.883	+	208.835)	/	2 )
=	337.399	/	233.359
=	1.45

Jiangsu Daybright Intelligent Electric 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 )
=	70.731	/ (	(208.835	+	201.388)	/	2 )
=	70.731	/	205.1115
=	0.34

Jiangsu Daybright Intelligent Electric Co (SZSE:300670) 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 Daybright Intelligent Electric Co Receivables Turnover Related Terms

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Jiangsu Daybright Intelligent Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Daybright Intelligent Electric Co Ltd (SZSE:300670) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 223, Jiangjun Avenue, Jiangning District, Nanjing, CHN, 211100

Website

http://www.daybright.cn

Jiangsu Daybright Intelligent Electric Co Ltd is engaged in the research and development, production, and sale of distribution network automation products in China. Its main products include intelligent medium voltage switchgear, distribution automation terminal, substation automation system, low-voltage electrical complete sets of equipment.

Executives

Ceng Zhi	Directors, executives
Ren Zhang Gen	Executives

Jiangsu Daybright Intelligent Electric Co Headlines

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