Wuxi JinYang New Materials Co (SZSE:301210) Receivables Turnover : 0.85 (As of Mar. 2025)

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What is Wuxi JinYang 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. Wuxi JinYang New Materials Co's Revenue for the three months ended in Mar. 2025 was ¥324 Mil. Wuxi JinYang New Materials Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥380 Mil. Hence, Wuxi JinYang New Materials Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.85.

Wuxi JinYang New Materials Co Receivables Turnover Historical Data

The historical data trend for Wuxi JinYang 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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Wuxi JinYang New Materials Co Receivables Turnover Chart

Wuxi JinYang New Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.25

4.37

4.81

4.40

4.10

Wuxi JinYang New Materials Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial														0.92	1.15	0.97	1.01	0.85

Competitive Comparison of Wuxi JinYang New Materials Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Wuxi JinYang 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.

Wuxi JinYang New Materials Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi JinYang New Materials Co's Receivables Turnover distribution charts can be found below:

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

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Wuxi JinYang New Materials Co Receivables Turnover Calculation

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

Wuxi JinYang 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 )
=	1364.58	/ (	(274.178	+	391.64)	/	2 )
=	1364.58	/	332.909
=	4.10

Wuxi JinYang 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 )
=	324.131	/ (	(391.64	+	367.846)	/	2 )
=	324.131	/	379.743
=	0.85

Wuxi JinYang New Materials Co (SZSE:301210) 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.

Wuxi JinYang New Materials Co Receivables Turnover Related Terms

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Wuxi JinYang New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi JinYang New Materials Co Ltd (SZSE:301210) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Ganlu Xigan Road, Ehu Town, Xishan, Jiangsu, Wuxi, CHN, 214117

Website

http://www.wx-jy.com

Wuxi JinYang New Materials Co Ltd is engaged in research & development, production and sales of battery precision structural parts and materials. Its main products are battery packaging shells, safety valves, and nickel-based conductor materials. The company is one of the leading manufacturers of battery precision structural parts and materials in China. Its products are Steel cases for cylindrical batteries, Cylindrical lithium caps, Aluminum shells for square power lithium batteries, Square lithium battery covers, and Ultra-precision cold rolled nickel strips and foil.

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