AVIC Jonhon Optronic Technology Co (SZSE:002179) Receivables Turnover : 0.48 (As of Dec. 2023)

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What is AVIC Jonhon Optronic Technology 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. AVIC Jonhon Optronic Technology Co's Revenue for the three months ended in Dec. 2023 was ¥4,715 Mil. AVIC Jonhon Optronic Technology Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥9,737 Mil. Hence, AVIC Jonhon Optronic Technology Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.48.

AVIC Jonhon Optronic Technology Co Receivables Turnover Historical Data

The historical data trend for AVIC Jonhon Optronic Technology 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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AVIC Jonhon Optronic Technology Co Receivables Turnover Chart

AVIC Jonhon Optronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.34

2.38

2.91

3.42

3.03

AVIC Jonhon Optronic Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.58	0.84	0.62	0.44	0.48

Competitive Comparison of AVIC Jonhon Optronic Technology Co's Receivables Turnover

For the Electronic Components subindustry, AVIC Jonhon Optronic Technology 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.

AVIC Jonhon Optronic Technology Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AVIC Jonhon Optronic Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AVIC Jonhon Optronic Technology Co's Receivables Turnover falls into.

AVIC Jonhon Optronic Technology Co Receivables Turnover Calculation

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

AVIC Jonhon Optronic Technology 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 )
=	20074.44	/ (	(4927.152	+	8339.361)	/	2 )
=	20074.44	/	6633.2565
=	3.03

AVIC Jonhon Optronic Technology Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4715.37	/ (	(11134.598	+	8339.361)	/	2 )
=	4715.37	/	9736.9795
=	0.48

AVIC Jonhon Optronic Technology Co (SZSE:002179) 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.

AVIC Jonhon Optronic Technology Co Receivables Turnover Related Terms

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AVIC Jonhon Optronic Technology Co (SZSE:002179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AVIC Jonhon Optronic Technology Co Ltd (SZSE:002179) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.10 Zhoushan Road, Luoyang, CHN, 471003

Website

http://www.jonhon.cn

AVIC Jonhon Optronic Technology Co Ltd is specialized in research and development of optical, electrical, fluid technology and equipment. The company products are used in aviation, aerospace and military field, communication and data center field, railway transportation field, new energy vehicle field, power equipment, petroleum equipment, medical equipment, and other civil high-end manufacturing fields. It also exports to European countries, the United States, Israel, Australia, Korea, India and so on.

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