GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jinduicheng Molybdenum Co Ltd (SHSE:601958) » Definitions » Receivables Turnover

Jinduicheng Molybdenum Co (SHSE:601958) Receivables Turnover : 7.50 (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Jinduicheng Molybdenum 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. Jinduicheng Molybdenum Co's Revenue for the three months ended in Mar. 2024 was ¥2,867 Mil. Jinduicheng Molybdenum Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥382 Mil. Hence, Jinduicheng Molybdenum Co's Receivables Turnover for the three months ended in Mar. 2024 was 7.50.


Jinduicheng Molybdenum Co Receivables Turnover Historical Data

The historical data trend for Jinduicheng Molybdenum 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.

* Premium members only.

Jinduicheng Molybdenum Co Receivables Turnover Chart

Jinduicheng Molybdenum 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 26.46 25.43 28.15 47.18 97.07

Jinduicheng Molybdenum 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 6.60 4.59 4.88 6.08 7.50

Competitive Comparison of Jinduicheng Molybdenum Co's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Jinduicheng Molybdenum 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.


Jinduicheng Molybdenum Co's Receivables Turnover Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Jinduicheng Molybdenum Co's Receivables Turnover falls into.



Jinduicheng Molybdenum Co Receivables Turnover Calculation

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

Jinduicheng Molybdenum 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 )
=11531.476 / ((140.123 + 97.475) / 2 )
=11531.476 / 118.799
=97.07

Jinduicheng Molybdenum 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 )
=2866.993 / ((97.475 + 666.848) / 2 )
=2866.993 / 382.1615
=7.50

* 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.


Jinduicheng Molybdenum Co  (SHSE:601958) 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.


Jinduicheng Molybdenum Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jinduicheng Molybdenum Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Jinduicheng Molybdenum Co (SHSE:601958) Business Description

Traded in Other Exchanges
N/A
Address
88, Jinye Road, Hi-Tech Industrial Development Zone, Shanxi, Xi'an, CHN, 710077
Jinduicheng Molybdenum Co Ltd is engaged in production and sale of molybdenum. The activities of the company include molybdenum mining, beneficiation, smelting, chemical and metal deep processing. The products of the company include molybdenum metallurgy charge, molybdenum chemical industry, and molybdenum metal processing.

Jinduicheng Molybdenum Co (SHSE:601958) Headlines

No Headlines