Shanghai Yct Electronics Group Co (SZSE:301099) Receivables Turnover : 0.95 (As of Sep. 2024)

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What is Shanghai Yct Electronics Group 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. Shanghai Yct Electronics Group Co's Revenue for the three months ended in Sep. 2024 was ¥1,007 Mil. Shanghai Yct Electronics Group Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥1,062 Mil. Hence, Shanghai Yct Electronics Group Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.95.

Shanghai Yct Electronics Group Co Receivables Turnover Historical Data

The historical data trend for Shanghai Yct Electronics Group 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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Shanghai Yct Electronics Group Co Receivables Turnover Chart

Shanghai Yct Electronics Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.91

2.59

2.97

3.33

2.95

Shanghai Yct Electronics Group Co Quarterly Data
	Sep19	Dec19	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															0.93	0.95	0.73	0.84	0.95

Competitive Comparison of Shanghai Yct Electronics Group Co's Receivables Turnover

For the Electronic Components subindustry, Shanghai Yct Electronics Group 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.

Shanghai Yct Electronics Group Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanghai Yct Electronics Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Yct Electronics Group Co's Receivables Turnover falls into.

Shanghai Yct Electronics Group Co Receivables Turnover Calculation

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

Shanghai Yct Electronics Group 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 )
=	2470.223	/ (	(797.405	+	877.397)	/	2 )
=	2470.223	/	837.401
=	2.95

Shanghai Yct Electronics Group 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 )
=	1006.821	/ (	(733.063	+	1391.542)	/	2 )
=	1006.821	/	1062.3025
=	0.95

Shanghai Yct Electronics Group Co (SZSE:301099) 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.

Shanghai Yct Electronics Group Co Receivables Turnover Related Terms

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Shanghai Yct Electronics Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Yct Electronics Group Co Ltd (SZSE:301099) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 62, Lane 99, Chunguang Road, Floor 2-3 and Room 402-405, Minhang District, Shanghai, CHN, 201108

Website

http://www.yctexin.com

Shanghai Yct Electronics Group Co Ltd is engaged in the design, distribution and manufacture of electronic components for renowned companies such as Toshiba, Seoul Semiconductor, Murata, Panasonic, LG and other.

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