Essence Fastening Systems (Shanghai) Co (SZSE:301005) Receivables Turnover : 0.82 (As of Mar. 2025)

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What is Essence Fastening Systems (Shanghai) 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. Essence Fastening Systems (Shanghai) Co's Revenue for the three months ended in Mar. 2025 was ¥188.6 Mil. Essence Fastening Systems (Shanghai) Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥229.8 Mil. Hence, Essence Fastening Systems (Shanghai) Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.82.

Essence Fastening Systems (Shanghai) Co Receivables Turnover Historical Data

The historical data trend for Essence Fastening Systems (Shanghai) 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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Essence Fastening Systems (Shanghai) Co Receivables Turnover Chart

Essence Fastening Systems (Shanghai) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.45

3.78

3.35

2.66

3.00

Essence Fastening Systems (Shanghai) Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.74	0.80	0.79	0.83	0.82

Competitive Comparison of Essence Fastening Systems (Shanghai) Co's Receivables Turnover

For the Tools & Accessories subindustry, Essence Fastening Systems (Shanghai) 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.

Essence Fastening Systems (Shanghai) Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Essence Fastening Systems (Shanghai) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Essence Fastening Systems (Shanghai) Co's Receivables Turnover falls into.

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Essence Fastening Systems (Shanghai) Co Receivables Turnover Calculation

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

Essence Fastening Systems (Shanghai) Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	630.206	/ (	(192.362	+	227.626)	/	2 )
=	630.206	/	209.994
=	3.00

Essence Fastening Systems (Shanghai) Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	188.599	/ (	(227.626	+	231.939)	/	2 )
=	188.599	/	229.7825
=	0.82

Essence Fastening Systems (Shanghai) Co (SZSE:301005) 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.

Essence Fastening Systems (Shanghai) Co Receivables Turnover Related Terms

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Essence Fastening Systems (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Essence Fastening Systems (Shanghai) Co Ltd (SZSE:301005) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39, Lane 100, Fengshuo Road, Jiading District, Shanghai, CHN, 201822

Website

http://www.shchaojie.com.cn

Essence Fastening Systems (Shanghai) Co Ltd is engaged in the research and development, production, and sales of high-strength precision fasteners, special-shaped connectors, and other products.

Executives

Li Xin An	Executives
Song Shu Sheng	Director
Li Hong Tao	Directors, executives
Yi Qin Feng	Directors, executives

Essence Fastening Systems (Shanghai) Co Headlines

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