Jiangsu Zhongtian Technology Co (SHSE:600522) Receivables Turnover : 0.60 (As of Mar. 2024)

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What is Jiangsu Zhongtian Technology 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 Zhongtian Technology Co's Revenue for the three months ended in Mar. 2024 was ¥8,242 Mil. Jiangsu Zhongtian Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥13,781 Mil. Hence, Jiangsu Zhongtian Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.60.

Jiangsu Zhongtian Technology Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Zhongtian Technology 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 Zhongtian Technology Co Receivables Turnover Chart

Jiangsu Zhongtian Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.70

5.02

4.50

3.68

3.72

Jiangsu Zhongtian Technology 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															0.71	0.88	0.80	0.81	0.60

Competitive Comparison of Jiangsu Zhongtian Technology Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Jiangsu Zhongtian Technology 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 Zhongtian Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Zhongtian Technology Co's Receivables Turnover distribution charts can be found below:

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

Jiangsu Zhongtian Technology Co Receivables Turnover Calculation

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

Jiangsu Zhongtian Technology 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 )
=	45065.237	/ (	(10685.072	+	13553.276)	/	2 )
=	45065.237	/	12119.174
=	3.72

Jiangsu Zhongtian Technology 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 )
=	8242.067	/ (	(13553.276	+	14009.672)	/	2 )
=	8242.067	/	13781.474
=	0.60

Jiangsu Zhongtian Technology Co (SHSE:600522) 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 Zhongtian Technology Co Receivables Turnover Related Terms

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Jiangsu Zhongtian Technology Co (SHSE:600522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Zhongtian Technology Co Ltd (SHSE:600522) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Nantong Economic and Technology Development Zone, Jiangsu, Nantong, CHN, 226009

Website

http://www.chinaztt.com

Jiangsu Zhongtian Technology Co Ltd is a China-based company engaged in the manufacturing and distribution of fiber-optic-communication and power-transmission products. Its products include power cables, fittings, insulators, arresters; conductors, aluminum-clad steel wires, transformers, and power switch gears; optical fibers, optical fiber cables, coaxial cables, and antennas; and submarine composite and FO cables, submarine cable accessories, and ROV cables. The company also offers marine and offshore cables; lithium-ion batteries, solar cell backsheets, and photovoltaic technology products; alloy materials; an optical fiber and optical cable machines.

Executives

Xue Ru Gen	Supervisors
Jin Ying	Supervisors
Gao Hong Shi	senior management
Qu Zhi	senior management
Xie Shu Hong	senior management
You Wei Ren	Supervisors
Lu Wei	senior management
Ye Zhi Feng	senior management
Yang Dong Yun	senior management
Xue Ji Ping	Director

Jiangsu Zhongtian Technology Co (SHSE:600522) Headlines

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