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Nanjing Comptech Composites (SZSE:301591) Receivables Turnover : 0.85 (As of Mar. 2025)


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What is Nanjing Comptech Composites 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. Nanjing Comptech Composites's Revenue for the three months ended in Mar. 2025 was ¥113.7 Mil. Nanjing Comptech Composites's average Accounts Receivable for the three months ended in Mar. 2025 was ¥133.7 Mil. Hence, Nanjing Comptech Composites's Receivables Turnover for the three months ended in Mar. 2025 was 0.85.


Nanjing Comptech Composites Receivables Turnover Historical Data

The historical data trend for Nanjing Comptech Composites'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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Nanjing Comptech Composites Receivables Turnover Chart

Nanjing Comptech Composites Annual Data
Trend Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 3.92 4.26 4.08 3.35 3.23

Nanjing Comptech Composites Quarterly Data
Dec14 Dec15 Dec16 Mar17 Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Premium Member Only Premium Member Only Premium Member Only 0.71 0.75 0.73 0.63 0.85

Competitive Comparison of Nanjing Comptech Composites's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Nanjing Comptech Composites'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.


Nanjing Comptech Composites's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nanjing Comptech Composites's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nanjing Comptech Composites's Receivables Turnover falls into.


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Nanjing Comptech Composites Receivables Turnover Calculation

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

Nanjing Comptech Composites'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 )
=411.573 / ((129.411 + 125.348) / 2 )
=411.573 / 127.3795
=3.23

Nanjing Comptech Composites'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 )
=113.732 / ((125.348 + 142.073) / 2 )
=113.732 / 133.7105
=0.85

* 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.


Nanjing Comptech Composites  (SZSE:301591) 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.


Nanjing Comptech Composites Receivables Turnover Related Terms

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Nanjing Comptech Composites Business Description

Traded in Other Exchanges
N/A
Address
Tangtong Road, No. 18, Binjiang Development Zone, Jiangning District, Jiangsu Province, Nanjing, CHN, 211162
Nanjing Comptech Composites Corp research and development, production and sales of high-performance engineering plastic products and components.

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