Jiangsu Yangnong Chemical Co (SHSE:600486) Receivables Turnover : 1.36 (As of Mar. 2024)

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What is Jiangsu Yangnong Chemical 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. Jiangsu Yangnong Chemical Co's Revenue for the three months ended in Mar. 2024 was ¥3,176 Mil. Jiangsu Yangnong Chemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,339 Mil. Hence, Jiangsu Yangnong Chemical Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.36.

Jiangsu Yangnong Chemical Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Yangnong Chemical 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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Jiangsu Yangnong Chemical Co Receivables Turnover Chart

Jiangsu Yangnong Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.43

7.37

7.02

6.72

5.03

Jiangsu Yangnong Chemical 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															1.56	0.91	0.94	1.09	1.36

Competitive Comparison of Jiangsu Yangnong Chemical Co's Receivables Turnover

For the Agricultural Inputs subindustry, Jiangsu Yangnong Chemical 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.

Jiangsu Yangnong Chemical Co's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Jiangsu Yangnong Chemical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Yangnong Chemical Co's Receivables Turnover falls into.

Jiangsu Yangnong Chemical Co Receivables Turnover Calculation

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

Jiangsu Yangnong Chemical 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 )
=	11477.69	/ (	(2664.648	+	1894.564)	/	2 )
=	11477.69	/	2279.606
=	5.03

Jiangsu Yangnong Chemical 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 )
=	3175.722	/ (	(1894.564	+	2782.496)	/	2 )
=	3175.722	/	2338.53
=	1.36

Jiangsu Yangnong Chemical Co (SHSE:600486) 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.

Jiangsu Yangnong Chemical Co Receivables Turnover Related Terms

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Jiangsu Yangnong Chemical Co (SHSE:600486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Yangnong Chemical Co Ltd (SHSE:600486) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39 Wenfeng Road, Yangzhou, Jiangsu, CHN, 225009

Website

http://www.yngf.com

Jiangsu Yangnong Chemical Co Ltd is an agrochemical producer in China. It is specialized in the production of pyrethroids, pesticides and fine chemicals. The product offerings of the company include Perfluthrin, Bioallethrin, Tefluthrin, and Tribenuron among others.

Executives

Kong Yong	senior management
Li Chang Qing	senior management
Wang Dong Chao	senior management
Wang Ming Kun	senior management
Wu Xiao Ju	Directors, senior managers
Lu Dong Sheng	senior management
Li An Ming	senior management
Jiang You Fa	senior management
Shen Yang	senior management
Zhang Qing Ping	Supervisors
Wu Jian Min	Director

Jiangsu Yangnong Chemical Co (SHSE:600486) Headlines

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