Dongguan Tarry Electronics Co (SZSE:300976) Receivables Turnover : 1.47 (As of Sep. 2024)

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What is Dongguan Tarry Electronics 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. Dongguan Tarry Electronics Co's Revenue for the three months ended in Sep. 2024 was ¥675 Mil. Dongguan Tarry Electronics Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥458 Mil. Hence, Dongguan Tarry Electronics Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.47.

Dongguan Tarry Electronics Co Receivables Turnover Historical Data

The historical data trend for Dongguan Tarry Electronics 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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Dongguan Tarry Electronics Co Receivables Turnover Chart

Dongguan Tarry Electronics Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.78

4.32

4.11

3.83

3.32

Dongguan Tarry Electronics 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															1.22	1.36	1.34	1.75	1.47

Competitive Comparison of Dongguan Tarry Electronics Co's Receivables Turnover

For the Metal Fabrication subindustry, Dongguan Tarry Electronics 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.

Dongguan Tarry Electronics Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Dongguan Tarry Electronics Co's Receivables Turnover falls into.

Dongguan Tarry Electronics Co Receivables Turnover Calculation

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

Dongguan Tarry Electronics 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 )
=	1397.832	/ (	(471.082	+	370.297)	/	2 )
=	1397.832	/	420.6895
=	3.32

Dongguan Tarry Electronics 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 )
=	674.58	/ (	(426.721	+	488.929)	/	2 )
=	674.58	/	457.825
=	1.47

Dongguan Tarry Electronics Co (SZSE:300976) 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.

Dongguan Tarry Electronics Co Receivables Turnover Related Terms

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Dongguan Tarry Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongguan Tarry Electronics Co Ltd (SZSE:300976) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Tongsha Science and Technology Park, 3rd Floor, Area B, Building 5, Guanghui Industrial Zone, Dongcheng District, Guangdong Province, Dongguan, CHN, 523127

Website

http://www.dgtarry.com

Dongguan Tarry Electronics Co Ltd is engaged in the research and development, production and sales of functional and structural devices for consumer electronics. It specializes in the production of precision die-cutting products, foam protective film tape, insulating and thermally conductive products, EMI shielding products, sewing and high-frequency earmuffs, head cushion products, assembly automation equipment and many other product series. Products are widely used in FPC flexible circuit boards, OLED backlight display modules, plastic shells, solar photovoltaics, power batteries, audio headsets, VR/AR and other electronic and electrical industries.

Executives

Song Ke Qiang	Executives
Peng Cheng Xiao	Executives
Wu Xuan	Executives
Zhang Zhen Hong	Directors, executives

Dongguan Tarry Electronics Co Headlines

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