Jason Furniture (Hangzhou) Co (SHSE:603816) Receivables Turnover : 3.52 (As of Sep. 2023)

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What is Jason Furniture (Hangzhou) 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. Jason Furniture (Hangzhou) Co's Revenue for the three months ended in Sep. 2023 was ¥5,258 Mil. Jason Furniture (Hangzhou) Co's average Accounts Receivable for the three months ended in Sep. 2023 was ¥1,495 Mil. Hence, Jason Furniture (Hangzhou) Co's Receivables Turnover for the three months ended in Sep. 2023 was 3.52.

Jason Furniture (Hangzhou) Co Receivables Turnover Historical Data

The historical data trend for Jason Furniture (Hangzhou) 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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Jason Furniture (Hangzhou) Co Receivables Turnover Chart

Jason Furniture (Hangzhou) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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13.49

11.41

11.95

13.08

13.18

Jason Furniture (Hangzhou) Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.77	3.23	3.61	3.78	3.52

Competitive Comparison of Jason Furniture (Hangzhou) Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jason Furniture (Hangzhou) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jason Furniture (Hangzhou) Co's Receivables Turnover falls into.

Jason Furniture (Hangzhou) Co Receivables Turnover Calculation

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

Jason Furniture (Hangzhou) Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	18010.447	/ (	(1697.415	+	1035.525)	/	2 )
=	18010.447	/	1366.47
=	13.18

Jason Furniture (Hangzhou) Co's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	5257.879	/ (	(1451.997	+	1537.171)	/	2 )
=	5257.879	/	1494.584
=	3.52

Jason Furniture (Hangzhou) Co (SHSE:603816) 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.

Jason Furniture (Hangzhou) Co Receivables Turnover Related Terms

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Jason Furniture (Hangzhou) Co (SHSE:603816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jason Furniture (Hangzhou) Co Ltd (SHSE:603816) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN

Website

http://www.kukahome.com

Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the home furnishing industry. The group researches, develops, produces and sales home appliances in the living room and bedroom. The product offered by the group includes leather Sofas, Recliner Chairs, Fabric Sofas, Beds, Mattresses, Dining Chairs, Barstools, and others. Geographically, it operates through china however its products are sold in both Chinese and international market.

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