Ganzhou Yihao New Materials Co (SZSE:301176) Receivables Turnover : 0.70 (As of Mar. 2025)

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What is Ganzhou Yihao New Materials 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. Ganzhou Yihao New Materials Co's Revenue for the three months ended in Mar. 2025 was ¥360 Mil. Ganzhou Yihao New Materials Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥515 Mil. Hence, Ganzhou Yihao New Materials Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.70.

Ganzhou Yihao New Materials Co Receivables Turnover Historical Data

The historical data trend for Ganzhou Yihao New Materials 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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Ganzhou Yihao New Materials Co Receivables Turnover Chart

Ganzhou Yihao New Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.57

3.99

4.07

3.46

3.12

Ganzhou Yihao New Materials Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial														0.77	0.86	0.73	0.81	0.70

Competitive Comparison of Ganzhou Yihao New Materials Co's Receivables Turnover

For the Electronic Components subindustry, Ganzhou Yihao New Materials 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.

Ganzhou Yihao New Materials Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ganzhou Yihao New Materials Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ganzhou Yihao New Materials Co's Receivables Turnover falls into.

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Ganzhou Yihao New Materials Co Receivables Turnover Calculation

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

Ganzhou Yihao New Materials 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 )
=	1437.01	/ (	(399.704	+	522.009)	/	2 )
=	1437.01	/	460.8565
=	3.12

Ganzhou Yihao New Materials 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 )
=	360.159	/ (	(522.009	+	507.442)	/	2 )
=	360.159	/	514.7255
=	0.70

Ganzhou Yihao New Materials Co (SZSE:301176) 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.

Ganzhou Yihao New Materials Co Receivables Turnover Related Terms

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Ganzhou Yihao New Materials Co Business Description

Industry

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Traded in Other Exchanges

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Address

No. 16, Metallurgical Road, Zhanggong District, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.yihaonm.com

Ganzhou Yihao New Materials Co Ltd engaged in the research and development, manufacturing and sales of high-precision electrolytic copper foil and new electronic components. The company's main products are electronic circuit copper foil, aluminum-based copper clad laminate and circuit board.

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