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Nanjing Allfavor Electronic Co (SZSE:300964) Receivables Turnover : 1.06 (As of Sep. 2024)


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What is Nanjing Allfavor Electronic 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. Nanjing Allfavor Electronic Co's Revenue for the three months ended in Sep. 2024 was ¥151.4 Mil. Nanjing Allfavor Electronic Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥142.5 Mil. Hence, Nanjing Allfavor Electronic Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.06.


Nanjing Allfavor Electronic Co Receivables Turnover Historical Data

The historical data trend for Nanjing Allfavor Electronic 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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Nanjing Allfavor Electronic Co Receivables Turnover Chart

Nanjing Allfavor Electronic Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 3.26 3.08 3.96 4.13 4.26

Nanjing Allfavor Electronic 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 0.95 0.94 1.14 1.06

Competitive Comparison of Nanjing Allfavor Electronic Co's Receivables Turnover

For the Electronic Components subindustry, Nanjing Allfavor Electronic 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.


Nanjing Allfavor Electronic Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nanjing Allfavor Electronic Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nanjing Allfavor Electronic Co's Receivables Turnover falls into.



Nanjing Allfavor Electronic Co Receivables Turnover Calculation

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

Nanjing Allfavor Electronic 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 )
=510.943 / ((107.694 + 131.913) / 2 )
=510.943 / 119.8035
=4.26

Nanjing Allfavor Electronic 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 )
=151.369 / ((141.742 + 143.218) / 2 )
=151.369 / 142.48
=1.06

* 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.


Nanjing Allfavor Electronic Co  (SZSE:300964) 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.


Nanjing Allfavor Electronic Co Receivables Turnover Related Terms

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Nanjing Allfavor Electronic Co Business Description

Traded in Other Exchanges
N/A
Address
No. 7, Kongjia Road, Lishui Economic Development Zone, Jiangsu Province, Nanjing, CHN, 211200
Nanjing Allfavor Electronic Co Ltd is dedicated to the production and processing of printed circuit boards. The products are mainly used in communications, automobiles, electric power, electronics, communications, medical, military and other fields.
Executives
Pan Jian Supervisors
Zhou Guo Xiong Director
Zheng Xiao Chun Supervisors
Jiang Dong Cheng Supervisors

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