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Wuxi Taiji Industry Co (SHSE:600667) Receivables Turnover : 1.17 (As of Mar. 2024)


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What is Wuxi Taiji Industry 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. Wuxi Taiji Industry Co's Revenue for the three months ended in Mar. 2024 was ¥6,726 Mil. Wuxi Taiji Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5,733 Mil. Hence, Wuxi Taiji Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.17.


Wuxi Taiji Industry Co Receivables Turnover Historical Data

The historical data trend for Wuxi Taiji Industry 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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Wuxi Taiji Industry Co Receivables Turnover Chart

Wuxi Taiji Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.36 4.62 5.69 7.73 7.50

Wuxi Taiji Industry 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.75 1.79 1.35 2.23 1.17

Competitive Comparison of Wuxi Taiji Industry Co's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Wuxi Taiji Industry 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.


Wuxi Taiji Industry Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Wuxi Taiji Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wuxi Taiji Industry Co's Receivables Turnover falls into.



Wuxi Taiji Industry Co Receivables Turnover Calculation

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

Wuxi Taiji Industry 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 )
=39376.754 / ((4611.986 + 5886.658) / 2 )
=39376.754 / 5249.322
=7.50

Wuxi Taiji Industry 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 )
=6725.52 / ((5886.658 + 5579.359) / 2 )
=6725.52 / 5733.0085
=1.17

* 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.


Wuxi Taiji Industry Co  (SHSE:600667) 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.


Wuxi Taiji Industry Co Receivables Turnover Related Terms

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Wuxi Taiji Industry Co (SHSE:600667) Business Description

Traded in Other Exchanges
N/A
Address
Chendian Bridge South, Jiangsu Province, Wuxi, CHN, 214024
Wuxi Taiji Industry Co Ltd is engaged in the business of semiconductor post processing and chemical fibres. The semiconductor post-processing involves in IC chips probe test, packaging assembly, packaging test, module assembly, and test. The chemical fibre business includes polyester industrial yarn, dipped conveyor belt fabric, and dipped tire cord fabric.
Executives
Zhao Zhen Yuan Director
Gu Bin Director

Wuxi Taiji Industry Co (SHSE:600667) Headlines

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