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Zhejiang Semir Garment Co (SZSE:002563) Receivables Turnover : 4.04 (As of Dec. 2023)


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What is Zhejiang Semir Garment 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. Zhejiang Semir Garment Co's Revenue for the three months ended in Dec. 2023 was ¥4,762 Mil. Zhejiang Semir Garment Co's average Accounts Receivable for the three months ended in Dec. 2023 was ¥1,177 Mil. Hence, Zhejiang Semir Garment Co's Receivables Turnover for the three months ended in Dec. 2023 was 4.04.


Zhejiang Semir Garment Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Semir Garment 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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Zhejiang Semir Garment Co Receivables Turnover Chart

Zhejiang Semir Garment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.85 9.04 10.85 9.82 10.48

Zhejiang Semir Garment 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 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 3.87 2.93 3.55 3.99 4.04

Competitive Comparison of Zhejiang Semir Garment Co's Receivables Turnover

For the Apparel Manufacturing subindustry, Zhejiang Semir Garment 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.


Zhejiang Semir Garment Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Semir Garment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Semir Garment Co's Receivables Turnover falls into.



Zhejiang Semir Garment Co Receivables Turnover Calculation

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

Zhejiang Semir Garment 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 )
=13660.527 / ((1263.082 + 1343) / 2 )
=13660.527 / 1303.041
=10.48

Zhejiang Semir Garment 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 )
=4762.211 / ((1011.925 + 1343) / 2 )
=4762.211 / 1177.4625
=4.04

* 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.


Zhejiang Semir Garment Co  (SZSE:002563) 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.


Zhejiang Semir Garment Co Receivables Turnover Related Terms

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Zhejiang Semir Garment Co (SZSE:002563) Business Description

Traded in Other Exchanges
N/A
Address
No. 98, Nanhui Road, Yongqiao Industrial Park, Ouhai District, Zhejiang, Wenzhou, CHN, 325006
Zhejiang Semir Garment Co Ltd produces a series of adult leisure clothing and children's clothes. The company currently has two online branded services - Semir and Balabala. The company offers adult casual wear for an age group of 16 to 30 years and professional and fashionable children's wear for an age group of 0-14 years. The company brands include Semir, Balabala, The Children's Place, Marcolor, It MICHAA, Sarabanda, and others.

Zhejiang Semir Garment Co (SZSE:002563) Headlines

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