Luxshare Precision Industry Co (SZSE:002475) Receivables Turnover : 2.27 (As of Mar. 2024)

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What is Luxshare Precision Industry 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. Luxshare Precision Industry Co's Revenue for the three months ended in Mar. 2024 was ¥52,407 Mil. Luxshare Precision Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥23,125 Mil. Hence, Luxshare Precision Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.27.

Luxshare Precision Industry Co Receivables Turnover Historical Data

The historical data trend for Luxshare Precision Industry 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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Luxshare Precision Industry Co Receivables Turnover Chart

Luxshare Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.13

6.83

6.77

7.42

9.36

Luxshare Precision Industry Co Quarterly Data
	Jun19	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															2.21	2.41	2.05	2.56	2.27

Competitive Comparison of Luxshare Precision Industry Co's Receivables Turnover

For the Electronic Components subindustry, Luxshare Precision Industry 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.

Luxshare Precision Industry Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Luxshare Precision Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Luxshare Precision Industry Co's Receivables Turnover falls into.

Luxshare Precision Industry Co Receivables Turnover Calculation

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

Luxshare Precision Industry 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 )
=	231905.46	/ (	(26043.355	+	23504.482)	/	2 )
=	231905.46	/	24773.9185
=	9.36

Luxshare Precision Industry 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 )
=	52406.776	/ (	(23504.482	+	22744.886)	/	2 )
=	52406.776	/	23124.684
=	2.27

Luxshare Precision Industry Co (SZSE:002475) 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.

Luxshare Precision Industry Co Receivables Turnover Related Terms

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Luxshare Precision Industry Co (SZSE:002475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Luxshare Precision Industry Co Ltd (SZSE:002475) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.17 Kuiqing Road, Qinghuang Industrial Zone, Qingxi Town, Guangdong, Dongguan, CHN, 523650

Website

http://www.luxshare-ict.com

Founded in 2004, Luxshare Precision is one of the world's largest manufacturers of cables and connectors and is a major supplier to Apple, which accounts for over 70% of sales. The company has since expanded production into other faster-growing consumer electronic components, such as speakers, haptic, cameras, PC docks, and wireless charging modules, as well as electronic manufacturing services for Apple's Watch and AirPods. Of Luxshare's 2022 sales, 84% is derived from the consumer electronics end market, while the remaining 16% is spread across the computer, communication and automobile verticals. Luxshare employs over 230,000 people and has manufacturing bases in China, India, and Vietnam.

Executives

Wang Tao	Directors, executives
Wu Tian Song	Executives
Huang Da Wei	Directors, executives
Wang Lai Sheng	Director
Li Wei	Directors, executives
Ye Yi Ling	Executives, directors
Li Bin	Directors, executives
Li Rui Hao	Securities Affairs Representative
Xiong Teng Fang	Executives
Xue Hai Gao	Executives
Yi Pei Zan	Supervisors
Chen Chao Fei	Directors, executives
Wang Bin	Supervisors
Zhou Xuan	Supervisors

Luxshare Precision Industry Co (SZSE:002475) Headlines

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