Zhejiang Songyuan Automotivefety Systems Co (SZSE:300893) Receivables Turnover : 0.65 (As of Sep. 2024)

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What is Zhejiang Songyuan Automotivefety Systems 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. Zhejiang Songyuan Automotivefety Systems Co's Revenue for the three months ended in Sep. 2024 was ¥507 Mil. Zhejiang Songyuan Automotivefety Systems Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥783 Mil. Hence, Zhejiang Songyuan Automotivefety Systems Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.65.

Zhejiang Songyuan Automotivefety Systems Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Songyuan Automotivefety Systems 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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Zhejiang Songyuan Automotivefety Systems Co Receivables Turnover Chart

Zhejiang Songyuan Automotivefety Systems Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.02

2.73

2.93

2.88

2.41

Zhejiang Songyuan Automotivefety Systems Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.74	0.80	0.58	0.65	0.65

Competitive Comparison of Zhejiang Songyuan Automotivefety Systems Co's Receivables Turnover

For the Auto Parts subindustry, Zhejiang Songyuan Automotivefety Systems 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.

Zhejiang Songyuan Automotivefety Systems Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Songyuan Automotivefety Systems Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Songyuan Automotivefety Systems Co's Receivables Turnover falls into.

Zhejiang Songyuan Automotivefety Systems Co Receivables Turnover Calculation

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

Zhejiang Songyuan Automotivefety Systems 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 )
=	1280.382	/ (	(410.808	+	650.452)	/	2 )
=	1280.382	/	530.63
=	2.41

Zhejiang Songyuan Automotivefety Systems Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	506.757	/ (	(726.19	+	840.488)	/	2 )
=	506.757	/	783.339
=	0.65

Zhejiang Songyuan Automotivefety Systems Co (SZSE:300893) 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.

Zhejiang Songyuan Automotivefety Systems Co Receivables Turnover Related Terms

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Zhejiang Songyuan Automotivefety Systems Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Songyuan Automotive Safety Systems Co Ltd (SZSE:300893) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Yunheyan Road, Moushan Town, Zhejiang Province, Yuyao, CHN, 315456

Website

http://www.songyuansafety.com

Zhejiang Songyuan Automotive Safety Systems Co Ltd is engaged in the research and development, design, production, sales and service of automotive passive safety system products and special seat safety devices such as automotive seat belt assemblies and parts. The company's products include Bilateral pre-tensioning force limiting type; Unilateral pre-tensioning force limit type; Emergency locking force limit type; Ordinary emergency lock; Simple Lock; and High profile Components.

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