Xiamen Tungsten Co (SHSE:600549) Receivables Turnover : 1.38 (As of Mar. 2024)

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What is Xiamen Tungsten 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. Xiamen Tungsten Co's Revenue for the three months ended in Mar. 2024 was ¥8,270 Mil. Xiamen Tungsten Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5,981 Mil. Hence, Xiamen Tungsten Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.38.

Xiamen Tungsten Co Receivables Turnover Historical Data

The historical data trend for Xiamen Tungsten 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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Xiamen Tungsten Co Receivables Turnover Chart

Xiamen Tungsten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.48

7.75

8.04

7.68

5.77

Xiamen Tungsten 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															1.29	1.74	1.77	1.57	1.38

Competitive Comparison of Xiamen Tungsten Co's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Xiamen Tungsten 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.

Xiamen Tungsten Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xiamen Tungsten Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Xiamen Tungsten Co's Receivables Turnover falls into.

Xiamen Tungsten Co Receivables Turnover Calculation

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

Xiamen Tungsten 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 )
=	39397.906	/ (	(7455.052	+	6200.615)	/	2 )
=	39397.906	/	6827.8335
=	5.77

Xiamen Tungsten 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 )
=	8269.712	/ (	(6200.615	+	5760.539)	/	2 )
=	8269.712	/	5980.577
=	1.38

Xiamen Tungsten Co (SHSE:600549) 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.

Xiamen Tungsten Co Receivables Turnover Related Terms

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Xiamen Tungsten Co (SHSE:600549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiamen Tungsten Co Ltd (SHSE:600549) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Number 619 Hubin South Road, 16th Floor, Xiamen, Fujian, CHN, 361004

Website

http://www.cxtc.com

Xiamen Tungsten Co Ltd is engaged in smelting, processing, and developing tungsten, molybdenum, and rare earth metals in the People's Republic of China. It offers tungsten concentrates, such as WO3, WOX, RTP, tungsten powders, cast WC, cemented carbide rods, tungsten steel products, tungsten bars and tungsten wires. The company is also engaged in Rare Earth Business, Molybdenum Business, New Energy Materials Business and Real Estate Business.

Executives

Xu Huo Yao	senior management
Wu Gao Chao	Directors, senior managers
Hong Chao E	senior management
Zhong Ke Xiang	senior management
Huang Zhang Geng	Director
Zhong Bing Xian	senior management
Zhou Yu Jun	senior management
Xu Ji Song	Supervisors

Xiamen Tungsten Co (SHSE:600549) Headlines

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