Reach Machinery Co (SZSE:301596) Receivables Turnover : 0.86 (As of Mar. 2025)

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What is Reach Machinery 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. Reach Machinery Co's Revenue for the three months ended in Mar. 2025 was ¥138.7 Mil. Reach Machinery Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥160.6 Mil. Hence, Reach Machinery Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.86.

Reach Machinery Co Receivables Turnover Historical Data

The historical data trend for Reach Machinery 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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Reach Machinery Co Receivables Turnover Chart

Reach Machinery Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.91

5.44

5.28

4.60

4.01

Reach Machinery Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial										0.95	1.10	0.93	1.09	0.86

Competitive Comparison of Reach Machinery Co's Receivables Turnover

For the Auto Parts subindustry, Reach Machinery 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.

Reach Machinery Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Reach Machinery Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Reach Machinery Co's Receivables Turnover falls into.

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Reach Machinery Co Receivables Turnover Calculation

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

Reach Machinery 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 )
=	615.851	/ (	(140.349	+	166.722)	/	2 )
=	615.851	/	153.5355
=	4.01

Reach Machinery 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 )
=	138.739	/ (	(166.722	+	154.512)	/	2 )
=	138.739	/	160.617
=	0.86

Reach Machinery Co (SZSE:301596) 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.

Reach Machinery Co Receivables Turnover Related Terms

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Reach Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Reach Machinery Co Ltd (SZSE:301596) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 909, Section 4, Middle Xihangang Avenue, Shuangliu District, Sichuan Province, Chengdu, CHN, 610207

Website

https://www.reachgroup.cn

Reach Machinery Co Ltd is engaged in the research and development, production and sales of key components for automation equipment transmission and braking systems. Its products include electromagnetic brakes that include spring-loaded brakes, permanent magnet brakes, electric brakes, and other types. Harmonic reducer that includes Cup-RCSD, Top Hat-RHSD, Cup-RCSG, etc. Planetary Roller Screw, Expansion Sleeve and Shrinking Disc.

Reach Machinery Co Headlines

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