Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Receivables Turnover : 0.40 (As of Mar. 2024)

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What is Nanjing Kangni Mechanical & Electrical 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. Nanjing Kangni Mechanical & Electrical Co's Revenue for the three months ended in Mar. 2024 was ¥725 Mil. Nanjing Kangni Mechanical & Electrical Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,835 Mil. Hence, Nanjing Kangni Mechanical & Electrical Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.40.

Nanjing Kangni Mechanical & Electrical Co Receivables Turnover Historical Data

The historical data trend for Nanjing Kangni Mechanical & Electrical 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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Nanjing Kangni Mechanical & Electrical Co Receivables Turnover Chart

Nanjing Kangni Mechanical & Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.62

2.84

2.56

2.13

2.10

Nanjing Kangni Mechanical & Electrical 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															0.36	0.43	0.55	0.65	0.40

Competitive Comparison of Nanjing Kangni Mechanical & Electrical Co's Receivables Turnover

For the Railroads subindustry, Nanjing Kangni Mechanical & Electrical 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.

Nanjing Kangni Mechanical & Electrical Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nanjing Kangni Mechanical & Electrical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nanjing Kangni Mechanical & Electrical Co's Receivables Turnover falls into.

Nanjing Kangni Mechanical & Electrical Co Receivables Turnover Calculation

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

Nanjing Kangni Mechanical & Electrical 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 )
=	3522.37	/ (	(1606.862	+	1740.8)	/	2 )
=	3522.37	/	1673.831
=	2.10

Nanjing Kangni Mechanical & Electrical 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 )
=	725.267	/ (	(1740.8	+	1928.432)	/	2 )
=	725.267	/	1834.616
=	0.40

Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) 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.

Nanjing Kangni Mechanical & Electrical Co Receivables Turnover Related Terms

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Nanjing Kangni Mechanical & Electrical Co (SHSE:603111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nanjing Kangni Mechanical & Electrical Co Ltd (SHSE:603111) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Hengda Road, Economic and Technological Development Zone, Nanjing, CHN, 210038

Website

http://www.kn-nanjing.com

Nanjing Kangni Mechanical & Electrical Co Ltd IS engaged in the research and development, manufacturing and maintenance of railway vehicle door system. It has cooperated with major car builders such as Bombardier, Alstom, and Siemens to sell products all over the world, including France, Canada, Turkey, Singapore, Argentina, America, Saudi Arabia and Brazil. It also provides other a full suite of related products such as interior fittings, power connectors, platform screen doors, new energy products for automobile industry and precision machining equipment.

Executives

Liao Liang Mao	Director
Li Hong	senior management
Xu Qing	senior management
Chen Lei	senior management
Wang Ya Dong	senior management
Zhang Jin Xiong	Supervisors
Xu Guan Nan	senior management
Tang Wei Hua	senior management
Liu Wen Ping	Director
Gu Mei Hua	senior management
Gao Wen Ming	Director
Zhu Wei Dong	senior management
Shi Xiang	senior management
Chen Ying Qi	Director

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