GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang JW Precision Machinery Co Ltd (SZSE:300984) » Definitions » Receivables Turnover

Zhejiang JW Precision Machinery Co (SZSE:300984) Receivables Turnover : 1.14 (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Zhejiang JW Precision Machinery 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. Zhejiang JW Precision Machinery Co's Revenue for the three months ended in Jun. 2024 was ¥301 Mil. Zhejiang JW Precision Machinery Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥264 Mil. Hence, Zhejiang JW Precision Machinery Co's Receivables Turnover for the three months ended in Jun. 2024 was 1.14.


Zhejiang JW Precision Machinery Co Receivables Turnover Historical Data

The historical data trend for Zhejiang JW Precision Machinery 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.

* Premium members only.

Zhejiang JW Precision Machinery Co Receivables Turnover Chart

Zhejiang JW Precision Machinery Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 4.45 4.23 5.05 5.02 4.65

Zhejiang JW Precision Machinery Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.11 1.14 1.08 1.11 1.14

Competitive Comparison of Zhejiang JW Precision Machinery Co's Receivables Turnover

For the Metal Fabrication subindustry, Zhejiang JW Precision Machinery 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.


Zhejiang JW Precision Machinery Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang JW Precision Machinery Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang JW Precision Machinery Co's Receivables Turnover falls into.



Zhejiang JW Precision Machinery Co Receivables Turnover Calculation

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

Zhejiang JW Precision Machinery 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 )
=988.476 / ((194.931 + 230.603) / 2 )
=988.476 / 212.767
=4.65

Zhejiang JW Precision Machinery Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=300.872 / ((253.294 + 274.632) / 2 )
=300.872 / 263.963
=1.14

* 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.


Zhejiang JW Precision Machinery Co  (SZSE:300984) 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.


Zhejiang JW Precision Machinery Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Zhejiang JW Precision Machinery Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhejiang JW Precision Machinery Co Business Description

Traded in Other Exchanges
N/A
Address
19 Fengshan Road, Hangbu Town, Kecheng District, Zhejiang Province, Quzhou, CHN, 324000
Zhejiang JW Precision Machinery Co Ltd is engaged in the research, development, production, and sales of bearing rings.

Zhejiang JW Precision Machinery Co Headlines

No Headlines