General Elevator Co (SZSE:300931) Receivables Turnover : 0.31 (As of Mar. 2024)

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What is General Elevator 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. General Elevator Co's Revenue for the three months ended in Mar. 2024 was ¥75.6 Mil. General Elevator Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥244.8 Mil. Hence, General Elevator Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.31.

General Elevator Co Receivables Turnover Historical Data

The historical data trend for General Elevator 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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General Elevator Co Receivables Turnover Chart

General Elevator Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.21

2.03

1.97

1.73

1.95

General Elevator Co Quarterly Data
	Dec18	Jun19	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															0.26	0.58	0.49	0.63	0.31

Competitive Comparison of General Elevator Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, General Elevator 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.

General Elevator Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where General Elevator Co's Receivables Turnover falls into.

General Elevator Co Receivables Turnover Calculation

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

General Elevator 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 )
=	471.021	/ (	(251.243	+	231.657)	/	2 )
=	471.021	/	241.45
=	1.95

General Elevator 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 )
=	75.635	/ (	(231.657	+	258.028)	/	2 )
=	75.635	/	244.8425
=	0.31

General Elevator Co (SZSE:300931) 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.

General Elevator Co Receivables Turnover Related Terms

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General Elevator Co (SZSE:300931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » General Elevator Co Ltd (SZSE:300931) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gangdong Development Zone, Qidu Town, Wujiang District, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.sge-elevator.com

General Elevator Co Ltd is engaged in the design, manufacturing, sales, installation, renovation and maintenance of elevators, escalators, and moving walks.

Executives

Li Biao	Directors, executives
Gu Yue Jiang	Director
Zhang Jian Lin	Directors, executives
Sun Jian Ping	Director

General Elevator Co (SZSE:300931) Headlines

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