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Shenzhen S-king Intelligent Equipment Co (SHSE:688328) Receivables Turnover : 0.23 (As of Mar. 2024)


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What is Shenzhen S-king Intelligent Equipment 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. Shenzhen S-king Intelligent Equipment Co's Revenue for the three months ended in Mar. 2024 was ¥85.9 Mil. Shenzhen S-king Intelligent Equipment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥379.8 Mil. Hence, Shenzhen S-king Intelligent Equipment Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.23.


Shenzhen S-king Intelligent Equipment Co Receivables Turnover Historical Data

The historical data trend for Shenzhen S-king Intelligent Equipment 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.

* Premium members only.

Shenzhen S-king Intelligent Equipment Co Receivables Turnover Chart

Shenzhen S-king Intelligent Equipment Co Annual Data
Trend Dec12 Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.10 2.03 2.00 1.20 1.29

Shenzhen S-king Intelligent Equipment Co Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only 0.31 0.45 0.15 0.19 0.23

Competitive Comparison of Shenzhen S-king Intelligent Equipment Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Shenzhen S-king Intelligent Equipment 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.


Shenzhen S-king Intelligent Equipment Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen S-king Intelligent Equipment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen S-king Intelligent Equipment Co's Receivables Turnover falls into.



Shenzhen S-king Intelligent Equipment Co Receivables Turnover Calculation

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

Shenzhen S-king Intelligent Equipment Co'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 )
=558.316 / ((466.083 + 398.509) / 2 )
=558.316 / 432.296
=1.29

Shenzhen S-king Intelligent Equipment Co'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 )
=85.855 / ((398.509 + 361.121) / 2 )
=85.855 / 379.815
=0.23

* 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.


Shenzhen S-king Intelligent Equipment Co  (SHSE:688328) 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.


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Shenzhen S-king Intelligent Equipment Co (SHSE:688328) Business Description

Traded in Other Exchanges
N/A
Address
2 Zhengcheng 2nd Road, Fuyong Street, Baoan District, Shanghai, Shenzhen, CHN, 518103
Shenzhen S-king Intelligent Equipment Co Ltd, formerly Shenzhen Shenkeda Intelligent Equipment Co Ltd is engaged in the research and development, production, sales, and service of automatic bonding series, semi-automatic bonding series, AOI/detection series, fingerprint module series, COG/FOG series, non-standard series, and semiconductor series bonding equipment.

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