WINBO-Dongjian Automotive Technology Co (SZSE:300978) Receivables Turnover : 0.92 (As of Sep. 2024)

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What is WINBO-Dongjian Automotive Technology 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. WINBO-Dongjian Automotive Technology Co's Revenue for the three months ended in Sep. 2024 was ¥557 Mil. WINBO-Dongjian Automotive Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥608 Mil. Hence, WINBO-Dongjian Automotive Technology Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.92.

WINBO-Dongjian Automotive Technology Co Receivables Turnover Historical Data

The historical data trend for WINBO-Dongjian Automotive Technology 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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WINBO-Dongjian Automotive Technology Co Receivables Turnover Chart

WINBO-Dongjian Automotive Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.58

4.66

4.17

3.94

4.03

WINBO-Dongjian Automotive Technology 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															1.12	1.11	0.98	1.02	0.92

Competitive Comparison of WINBO-Dongjian Automotive Technology Co's Receivables Turnover

For the Auto Parts subindustry, WINBO-Dongjian Automotive Technology 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.

WINBO-Dongjian Automotive Technology Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, WINBO-Dongjian Automotive Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where WINBO-Dongjian Automotive Technology Co's Receivables Turnover falls into.

WINBO-Dongjian Automotive Technology Co Receivables Turnover Calculation

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

WINBO-Dongjian Automotive Technology 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 )
=	2044.542	/ (	(435.187	+	578.658)	/	2 )
=	2044.542	/	506.9225
=	4.03

WINBO-Dongjian Automotive Technology 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 )
=	556.948	/ (	(601.777	+	615.145)	/	2 )
=	556.948	/	608.461
=	0.92

WINBO-Dongjian Automotive Technology Co (SZSE:300978) 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.

WINBO-Dongjian Automotive Technology Co Receivables Turnover Related Terms

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WINBO-Dongjian Automotive Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » WINBO-Dongjian Automotive Technology Co Ltd (SZSE:300978) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. B333, Lecong Avenue West, Lecong Town, Shunde District, Guangdong Province, Foshan, CHN, 528315

Website

https://www.dongjian.cc

WINBO-Dongjian Automotive Technology Co Ltd is engaged in the research and development, production and sales of vehicle side bearing decoration system products, vehicle front and rear protection system products, vehicle interconnected intelligent electromechanical system products, roof loading system products and other vehicle system products.

Executives

Ma Cai Mei	Supervisors
Ma Yong Tao	Director
Xia Yan Hua	Directors, executives
Luo Jun	Directors, executives
Chen Zi Jia	Directors, executives

WINBO-Dongjian Automotive Technology Co Headlines

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