Shanghai Zhongchen Electronic Technology Co (SHSE:603275) Receivables Turnover : 0.63 (As of Mar. 2024)

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What is Shanghai Zhongchen Electronic Technology 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. Shanghai Zhongchen Electronic Technology Co's Revenue for the three months ended in Mar. 2024 was ¥145.1 Mil. Shanghai Zhongchen Electronic Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥231.9 Mil. Hence, Shanghai Zhongchen Electronic Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.63.

Shanghai Zhongchen Electronic Technology Co Receivables Turnover Historical Data

The historical data trend for Shanghai Zhongchen Electronic Technology 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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Shanghai Zhongchen Electronic Technology Co Receivables Turnover Chart

Shanghai Zhongchen Electronic Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.16

5.15

4.09

3.12

3.21

Shanghai Zhongchen Electronic Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							0.79	0.79	0.71	0.66	0.63

Competitive Comparison of Shanghai Zhongchen Electronic Technology Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Shanghai Zhongchen Electronic Technology 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.

Shanghai Zhongchen Electronic Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Zhongchen Electronic Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Zhongchen Electronic Technology Co's Receivables Turnover falls into.

Shanghai Zhongchen Electronic Technology Co Receivables Turnover Calculation

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

Shanghai Zhongchen Electronic Technology 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 )
=	616.348	/ (	(174.763	+	208.755)	/	2 )
=	616.348	/	191.759
=	3.21

Shanghai Zhongchen Electronic Technology 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 )
=	145.106	/ (	(208.755	+	255.011)	/	2 )
=	145.106	/	231.883
=	0.63

Shanghai Zhongchen Electronic Technology Co (SHSE:603275) 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.

Shanghai Zhongchen Electronic Technology Co Receivables Turnover Related Terms

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Shanghai Zhongchen Electronic Technology Co (SHSE:603275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Zhongchen Electronic Technology Co Ltd (SHSE:603275) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 3768 Yexin Road, Maogang Town, Songjiang, Shanghai, CHN, 201607

Website

http://www.zoncn.cn

Shanghai Zhongchen Electronic Technology Co Ltd is a high-tech enterprise focusing on the research and development, production, sales and service of electric transmission and industrial automation products. The company's main products are variable frequency drives, servo drive systems and electric new energy vehicle drives. The company has a wide range of products, among which medium and low-voltage variable frequency drives are divided into two categories: general-purpose products and industry-specific products.

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