Fuyao Glass Industry Group Co (HKSE:03606) Receivables Turnover : 1.29 (As of Mar. 2024)

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What is Fuyao Glass Industry Group 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. Fuyao Glass Industry Group Co's Revenue for the three months ended in Mar. 2024 was HK$9,598 Mil. Fuyao Glass Industry Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was HK$7,419 Mil. Hence, Fuyao Glass Industry Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.29.

Fuyao Glass Industry Group Co Receivables Turnover Historical Data

The historical data trend for Fuyao Glass Industry Group 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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Fuyao Glass Industry Group Co Receivables Turnover Chart

Fuyao Glass Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.92

5.70

5.96

5.63

5.31

Fuyao Glass Industry Group 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															1.41	1.47	1.42	1.38	1.29

Competitive Comparison of Fuyao Glass Industry Group Co's Receivables Turnover

For the Auto Parts subindustry, Fuyao Glass Industry Group 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.

Fuyao Glass Industry Group Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuyao Glass Industry Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fuyao Glass Industry Group Co's Receivables Turnover falls into.

Fuyao Glass Industry Group Co Receivables Turnover Calculation

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

Fuyao Glass Industry Group 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 )
=	36270.798	/ (	(5871.143	+	7796.473)	/	2 )
=	36270.798	/	6833.808
=	5.31

Fuyao Glass Industry Group 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 )
=	9598.196	/ (	(7796.473	+	7042.413)	/	2 )
=	9598.196	/	7419.443
=	1.29

Fuyao Glass Industry Group Co (HKSE:03606) 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.

Fuyao Glass Industry Group Co Receivables Turnover Related Terms

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Fuyao Glass Industry Group Co (HKSE:03606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuyao Glass Industry Group Co Ltd (HKSE:03606) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FYGGY:USA 4FG:Germany 600660:China

Address

Fuyao Industrial Zone II, Fujian Province, Fuqing, CHN, 350301

Website

https://www.fuyaogroup.com

Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The Company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from China.

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