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Nanjing Sunlord Electronics (SZSE:300975) Receivables Turnover : 0.87 (As of Sep. 2024)


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What is Nanjing Sunlord Electronics 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 Sunlord Electronics's Revenue for the three months ended in Sep. 2024 was ¥1,780 Mil. Nanjing Sunlord Electronics's average Accounts Receivable for the three months ended in Sep. 2024 was ¥2,055 Mil. Hence, Nanjing Sunlord Electronics's Receivables Turnover for the three months ended in Sep. 2024 was 0.87.


Nanjing Sunlord Electronics Receivables Turnover Historical Data

The historical data trend for Nanjing Sunlord Electronics'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 Sunlord Electronics Receivables Turnover Chart

Nanjing Sunlord Electronics Annual Data
Trend Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 3.07 3.94 4.12 3.51 3.14

Nanjing Sunlord Electronics 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 0.89 0.66 0.78 0.82 0.87

Competitive Comparison of Nanjing Sunlord Electronics's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Nanjing Sunlord Electronics'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 Sunlord Electronics's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Nanjing Sunlord Electronics's Receivables Turnover falls into.



Nanjing Sunlord Electronics Receivables Turnover Calculation

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

Nanjing Sunlord Electronics'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 )
=5102.884 / ((1562.678 + 1688.591) / 2 )
=5102.884 / 1625.6345
=3.14

Nanjing Sunlord Electronics'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 )
=1780.146 / ((1925.785 + 2184.737) / 2 )
=1780.146 / 2055.261
=0.87

* 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 Sunlord Electronics  (SZSE:300975) 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 Sunlord Electronics Receivables Turnover Related Terms

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Nanjing Sunlord Electronics Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Hubei Road, Gulou District, Jiangsu Province, Nanjing, CHN, 210013
Nanjing Sunlord Electronics Corp Ltd is engaged in the distribution of passive components. The components are used in communications, networks, home appliances, power supplies, automotive electronics, industrial control and other fields.
Executives
Sha Hong Zhi Directors, executives
Zhang Quan Directors, executives
Liu Chao Director

Nanjing Sunlord Electronics Headlines

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