Shandong Dongyue Silicone Material Co (SZSE:300821) Receivables Turnover : 17.80 (As of Mar. 2024)

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What is Shandong Dongyue Silicone Material 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. Shandong Dongyue Silicone Material Co's Revenue for the three months ended in Mar. 2024 was ¥1,425 Mil. Shandong Dongyue Silicone Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥80 Mil. Hence, Shandong Dongyue Silicone Material Co's Receivables Turnover for the three months ended in Mar. 2024 was 17.80.

Shandong Dongyue Silicone Material Co Receivables Turnover Historical Data

The historical data trend for Shandong Dongyue Silicone Material 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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Shandong Dongyue Silicone Material Co Receivables Turnover Chart

Shandong Dongyue Silicone Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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97.14

74.62

136.90

203.86

143.01

Shandong Dongyue Silicone Material 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															18.13	11.86	15.45	20.65	17.80

Competitive Comparison of Shandong Dongyue Silicone Material Co's Receivables Turnover

For the Specialty Chemicals subindustry, Shandong Dongyue Silicone Material 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.

Shandong Dongyue Silicone Material Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Dongyue Silicone Material Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shandong Dongyue Silicone Material Co's Receivables Turnover falls into.

Shandong Dongyue Silicone Material Co Receivables Turnover Calculation

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

Shandong Dongyue Silicone Material 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 )
=	4801.468	/ (	(34.844	+	32.307)	/	2 )
=	4801.468	/	33.5755
=	143.01

Shandong Dongyue Silicone Material 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 )
=	1425.466	/ (	(32.307	+	127.815)	/	2 )
=	1425.466	/	80.061
=	17.80

Shandong Dongyue Silicone Material Co (SZSE:300821) 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.

Shandong Dongyue Silicone Material Co Receivables Turnover Related Terms

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Shandong Dongyue Silicone Material Co (SZSE:300821) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Dongyue Silicone Material Co Ltd (SZSE:300821) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lizhai Village, Tangshan Town, Huantai County, Shandong Province, Zibo, CHN, 256401

Website

http://www.dyyjg.com

Shandong Dongyue Organosilicon Materials Co Ltd specializes in the research and development and sales of silicone materials. The company's products include silicone downstream processing products such as silicone rubber, silicone oil, fumed silica, and silicone intermediates. Its products include Monomer, Intermediate, Silicone Rubber, Silicone Oil, Silicone and Fumed Silica.

Executives

Wang Wei Dong	Secretary, Director
Yi Gang	Directors, executives
Yu Yuan	Executives
Zheng Jian Qing	Directors, executives
Zhang Zhe Feng	Director

Shandong Dongyue Silicone Material Co (SZSE:300821) Headlines

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