Zhangjiagang Freetrade Science & Technology Group Co (SHSE:600794) Receivables Turnover : 24.07 (As of Mar. 2024)

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What is Zhangjiagang Freetrade Science & Technology Group 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. Zhangjiagang Freetrade Science & Technology Group Co's Revenue for the three months ended in Mar. 2024 was ¥286 Mil. Zhangjiagang Freetrade Science & Technology Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥12 Mil. Hence, Zhangjiagang Freetrade Science & Technology Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 24.07.

Zhangjiagang Freetrade Science & Technology Group Co Receivables Turnover Historical Data

The historical data trend for Zhangjiagang Freetrade Science & Technology Group 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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Zhangjiagang Freetrade Science & Technology Group Co Receivables Turnover Chart

Zhangjiagang Freetrade Science & Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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100.34

54.43

55.13

227.46

155.27

Zhangjiagang Freetrade Science & Technology Group 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															14.24	21.73	44.34	25.88	24.07

Competitive Comparison of Zhangjiagang Freetrade Science & Technology Group Co's Receivables Turnover

For the Marine Shipping subindustry, Zhangjiagang Freetrade Science & Technology Group 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.

Zhangjiagang Freetrade Science & Technology Group Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhangjiagang Freetrade Science & Technology Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhangjiagang Freetrade Science & Technology Group Co's Receivables Turnover falls into.

Zhangjiagang Freetrade Science & Technology Group Co Receivables Turnover Calculation

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

Zhangjiagang Freetrade Science & Technology Group 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 )
=	1498.734	/ (	(8.382	+	10.923)	/	2 )
=	1498.734	/	9.6525
=	155.27

Zhangjiagang Freetrade Science & Technology Group 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 )
=	285.558	/ (	(10.923	+	12.803)	/	2 )
=	285.558	/	11.863
=	24.07

Zhangjiagang Freetrade Science & Technology Group Co (SHSE:600794) 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.

Zhangjiagang Freetrade Science & Technology Group Co Receivables Turnover Related Terms

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Zhangjiagang Freetrade Science & Technology Group Co (SHSE:600794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhangjiagang Freetrade Science & Technology Group Co Ltd (SHSE:600794) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

8 Jingang Road, Jiangsu Chemical Products Trading Center Building, 27-28th Floor, Zhangjiagang Free Trade Zone, Jiangsu Province, Zhangjiagang, CHN, 215634

Website

https://www.zftc.net

Zhangjiagang Freetrade Science & Technology Group Co Ltd is engaged in biological high-tech applications, development; high-tech and e-commerce, web application development; ports, bonded logistics investment projects and other industrial investment.

Executives

Lan Jian Qiu	Director
Chen Hui	senior management
Xu Hui	Supervisors
Chu Yue Feng	Supervisors
Chu Yue Feng	Supervisors
Zhang Hui Zhong	senior management
Zhu Jian Hua	senior management
Wang Ben	senior management
Tang Yong	Director
Huang Xiong	senior management
Deng Yong Qing	Director
Gao Fu Xing	Director
Quan Xin Na	Director
Wu Xiao Jun	Supervisors
Li Jin Wei	Supervisors

Zhangjiagang Freetrade Science & Technology Group Co (SHSE:600794) Headlines

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