Rubber Leaf (Rubber Leaf) Receivables Turnover : 0.68 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Rubber Leaf 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. Rubber Leaf's Revenue for the three months ended in Mar. 2024 was $2.96 Mil. Rubber Leaf's average Accounts Receivable for the three months ended in Mar. 2024 was $4.35 Mil. Hence, Rubber Leaf's Receivables Turnover for the three months ended in Mar. 2024 was 0.68.

Rubber Leaf Receivables Turnover Historical Data

The historical data trend for Rubber Leaf'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.

* Premium members only.

Rubber Leaf Receivables Turnover Chart

Rubber Leaf Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

5.00

2.78

4.11

Rubber Leaf Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						0.58	0.61	0.47	2.03	0.68

Competitive Comparison of Rubber Leaf's Receivables Turnover

For the Specialty Chemicals subindustry, Rubber Leaf'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.

Rubber Leaf's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rubber Leaf's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rubber Leaf's Receivables Turnover falls into.

Rubber Leaf Receivables Turnover Calculation

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

Rubber Leaf'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 )
=	9.99	/ (	(4.73	+	0.13)	/	2 )
=	9.99	/	2.43
=	4.11

Rubber Leaf'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 )
=	2.955	/ (	(0.13	+	8.565)	/	2 )
=	2.955	/	4.3475
=	0.68

Rubber Leaf (OTCPK:RLEA) 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.

Rubber Leaf Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Rubber Leaf's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Rubber Leaf (Rubber Leaf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rubber Leaf Inc (OTCPK:RLEA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qixing Road, Weng’ao Industrial Zone, Chunhu Subdistrict, Fenghua District Ningbo, Zhejiang, CHN

Website

http://www.rubberleaf.com.cn

Rubber Leaf Inc engages in the production and sales of synthetic rubber, rubber compound, car window seals, and auto parts. It derives revenue primarily through the sale of synthetic rubber, rubber compound, car window seals, and auto parts with two sales channels. The company managed and reviewed its business as two operating segments: direct supply and indirect supply models.

Executives

Hua Wang	director, officer: CFO	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701
Xingxiu Hua	director, 10 percent owner, officer: President	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701
Yongjun Hua	director	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701

Rubber Leaf (Rubber Leaf) Headlines

From GuruFocus

Insider Sell: President, 10% Owner Xingxiu Hua Sells 22,741 Shares of Rubber Leaf Inc (RLEA)

By GuruFocus Research • 09-09-2023