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Zhejiang Kayo Motor Co (BJSE:834058) Receivables Turnover : 0.50 (As of Mar. 2024)


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What is Zhejiang Kayo Motor 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 Kayo Motor Co's Revenue for the three months ended in Mar. 2024 was ¥49.0 Mil. Zhejiang Kayo Motor Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥97.7 Mil. Hence, Zhejiang Kayo Motor Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.50.


Zhejiang Kayo Motor Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Kayo Motor 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 Kayo Motor Co Receivables Turnover Chart

Zhejiang Kayo Motor Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.81 35.20 76.39 43.49 10.64

Zhejiang Kayo Motor Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 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 1.59 2.99 1.42 2.22 0.50

Competitive Comparison of Zhejiang Kayo Motor Co's Receivables Turnover

For the Recreational Vehicles subindustry, Zhejiang Kayo Motor 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 Kayo Motor Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Kayo Motor Co's Receivables Turnover distribution charts can be found below:

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



Zhejiang Kayo Motor Co Receivables Turnover Calculation

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

Zhejiang Kayo Motor Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=423.897 / ((27.192 + 52.48) / 2 )
=423.897 / 39.836
=10.64

Zhejiang Kayo Motor 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 )
=49.002 / ((115.296 + 80.195) / 2 )
=49.002 / 97.7455
=0.50

* 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 Kayo Motor Co  (BJSE:834058) 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 Kayo Motor Co Receivables Turnover Related Terms

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Zhejiang Kayo Motor Co (BJSE:834058) Business Description

Traded in Other Exchanges
N/A
Address
No. 139, Biyuan Road, Xinbi Street, Jinyun County, Zhejiang Province, Lishui City, CHN, 321400
Zhejiang Kayo Motor Co Ltd designs and creates off-road motorcycles. The company produces pit bikes, dirt bikes, and All-terrain vehicles (ATVs).

Zhejiang Kayo Motor Co (BJSE:834058) Headlines

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