GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) » Definitions » Receivables Turnover

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Receivables Turnover : 1.89 (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Shanghai National Center of Testing & Inspection for Electric Cable & Wire 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 National Center of Testing & Inspection for Electric Cable & Wire's Revenue for the three months ended in Mar. 2024 was ¥67.6 Mil. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's average Accounts Receivable for the three months ended in Mar. 2024 was ¥35.7 Mil. Hence, Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Receivables Turnover for the three months ended in Mar. 2024 was 1.89.


Shanghai National Center of Testing & Inspection for Electric Cable & Wire Receivables Turnover Historical Data

The historical data trend for Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Receivables Turnover Chart

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 9.93 9.53 11.03 8.53 10.23

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.90 1.77 1.24 2.01 1.89

Competitive Comparison of Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Receivables Turnover

For the Specialty Business Services subindustry, Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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 National Center of Testing & Inspection for Electric Cable & Wire's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Receivables Turnover falls into.



Shanghai National Center of Testing & Inspection for Electric Cable & Wire Receivables Turnover Calculation

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

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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 )
=261.089 / ((27.349 + 23.672) / 2 )
=261.089 / 25.5105
=10.23

Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=67.622 / ((23.672 + 47.75) / 2 )
=67.622 / 35.711
=1.89

* 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.


Shanghai National Center of Testing & Inspection for Electric Cable & Wire  (SZSE:301289) 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 National Center of Testing & Inspection for Electric Cable & Wire Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Shanghai National Center of Testing & Inspection for Electric Cable & Wire's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Business Description

Traded in Other Exchanges
N/A
Address
No. 888 Zhenchen Road, Baoshan District, Shanghai, CHN, 200444
Shanghai National Center of Testing & Inspection for Electric Cable & Wire is involved in the testing and inspection services for wire, cable and fiber optic cables. The main business scope includes testing, calibration, inspection, proficiency testing, 3C certification and production license testing, engineering application technical services, standardization services and others.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Headlines

No Headlines