Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) Receivables Turnover : 0.86 (As of Mar. 2024)

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What is Changzhou Xingyu Automotive Lighting Systems 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. Changzhou Xingyu Automotive Lighting Systems Co's Revenue for the three months ended in Mar. 2024 was ¥2,412 Mil. Changzhou Xingyu Automotive Lighting Systems Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,803 Mil. Hence, Changzhou Xingyu Automotive Lighting Systems Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.86.

Changzhou Xingyu Automotive Lighting Systems Co Receivables Turnover Historical Data

The historical data trend for Changzhou Xingyu Automotive Lighting Systems 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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Changzhou Xingyu Automotive Lighting Systems Co Receivables Turnover Chart

Changzhou Xingyu Automotive Lighting Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.17

8.27

8.24

6.99

4.69

Changzhou Xingyu Automotive Lighting Systems 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															1.42	1.41	1.19	1.07	0.86

Competitive Comparison of Changzhou Xingyu Automotive Lighting Systems Co's Receivables Turnover

For the Auto Parts subindustry, Changzhou Xingyu Automotive Lighting Systems 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.

Changzhou Xingyu Automotive Lighting Systems Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changzhou Xingyu Automotive Lighting Systems Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Changzhou Xingyu Automotive Lighting Systems Co's Receivables Turnover falls into.

Changzhou Xingyu Automotive Lighting Systems Co Receivables Turnover Calculation

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

Changzhou Xingyu Automotive Lighting Systems 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 )
=	10248.446	/ (	(1301.863	+	3065.942)	/	2 )
=	10248.446	/	2183.9025
=	4.69

Changzhou Xingyu Automotive Lighting Systems 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 )
=	2412.299	/ (	(3065.942	+	2539.799)	/	2 )
=	2412.299	/	2802.8705
=	0.86

Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) 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.

Changzhou Xingyu Automotive Lighting Systems Co Receivables Turnover Related Terms

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Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Xingyu Automotive Lighting Systems Co Ltd (SHSE:601799) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 182 Qinling Road, Xinbei District, Jiangsu, Changzhou, CHN, 213022

Website

http://www.en.xyl.cn

Changzhou Xingyu Automotive Lighting Systems Co Ltd specializes in the development, manufacturing, and sale of automotive lighting in China. The company has various type of equipment namely large injection molding machines, multicolor injection molding machines, plastic surface photo-curing lines, robot gluing and paining stations, vibration, and friction welding machines, vacuum aluminum plating machines and other.

Executives

Yu Zhi Ming	Director
Xu Hui Yi	senior management
Zhou Xiao Ping	Director
Liu Ling Ling	Director
Huang He Fa	Director
Zhang Rong Qian	Director

Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) Headlines

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