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Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Receivables Turnover : 0.67 (As of Mar. 2025)


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What is Ningbo Fangzheng Automobile Mould 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. Ningbo Fangzheng Automobile Mould Co's Revenue for the three months ended in Mar. 2025 was ¥298 Mil. Ningbo Fangzheng Automobile Mould Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥446 Mil. Hence, Ningbo Fangzheng Automobile Mould Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.67.


Ningbo Fangzheng Automobile Mould Co Receivables Turnover Historical Data

The historical data trend for Ningbo Fangzheng Automobile Mould 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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Ningbo Fangzheng Automobile Mould Co Receivables Turnover Chart

Ningbo Fangzheng Automobile Mould Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 4.98 4.15 3.42 2.65 2.16

Ningbo Fangzheng Automobile Mould Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.44 0.45 0.59 0.78 0.67

Competitive Comparison of Ningbo Fangzheng Automobile Mould Co's Receivables Turnover

For the Auto Parts subindustry, Ningbo Fangzheng Automobile Mould 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.


Ningbo Fangzheng Automobile Mould Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Fangzheng Automobile Mould Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ningbo Fangzheng Automobile Mould Co's Receivables Turnover falls into.


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Ningbo Fangzheng Automobile Mould Co Receivables Turnover Calculation

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

Ningbo Fangzheng Automobile Mould Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=969.822 / ((457.359 + 440.398) / 2 )
=969.822 / 448.8785
=2.16

Ningbo Fangzheng Automobile Mould Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=298.311 / ((440.398 + 451.19) / 2 )
=298.311 / 445.794
=0.67

* 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.


Ningbo Fangzheng Automobile Mould Co  (SZSE:300998) 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.


Ningbo Fangzheng Automobile Mould Co Receivables Turnover Related Terms

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Ningbo Fangzheng Automobile Mould Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Sanshen Middle Road, Meilin Street, Zhejiang Province, Ninghai, CHN, 315609
Ningbo Fangzheng Automobile Mould Co Ltd is engaged in research and development, design, manufacturing and sales of automotive plastic molds. It offers automobile parts, molds, inspection tools, and plastic products. The company is also engaged in research and development, manufacturing, processing, sales, technical consulting, and after-sales service.
Executives
Yang Guo Ping Supervisors
Li Heng Qing Director
Fang Yong Jie Directors, executives

Ningbo Fangzheng Automobile Mould Co Headlines

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