Anhui Genuine New Materials Co (SHSE:603429) Receivables Turnover : 2.29 (As of Mar. 2024)

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What is Anhui Genuine New Materials 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. Anhui Genuine New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥188.0 Mil. Anhui Genuine New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥81.9 Mil. Hence, Anhui Genuine New Materials Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.29.

Anhui Genuine New Materials Co Receivables Turnover Historical Data

The historical data trend for Anhui Genuine New Materials 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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Anhui Genuine New Materials Co Receivables Turnover Chart

Anhui Genuine New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.55

2.81

5.95

4.72

4.60

Anhui Genuine New Materials 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															0.75	1.08	1.63	1.63	2.29

Competitive Comparison of Anhui Genuine New Materials Co's Receivables Turnover

For the Packaging & Containers subindustry, Anhui Genuine New Materials 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.

Anhui Genuine New Materials Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Anhui Genuine New Materials Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Genuine New Materials Co's Receivables Turnover falls into.

Anhui Genuine New Materials Co Receivables Turnover Calculation

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

Anhui Genuine New Materials 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 )
=	662.518	/ (	(214.954	+	73.107)	/	2 )
=	662.518	/	144.0305
=	4.60

Anhui Genuine New Materials 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 )
=	187.962	/ (	(73.107	+	90.729)	/	2 )
=	187.962	/	81.918
=	2.29

Anhui Genuine New Materials Co (SHSE:603429) 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.

Anhui Genuine New Materials Co Receivables Turnover Related Terms

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Anhui Genuine New Materials Co (SHSE:603429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Anhui Genuine New Materials Co Ltd (SHSE:603429) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taihu Economic Development Zone, The Taihu lake, Anhui Province, Anqing, CHN, 246400

Website

http://www.genuinepacking.com

Anhui Genuine New Materials Co Ltd is a China-based manufacturer engaged in printing and packaging materials. The products offered by the company are used for cigarette packaging, cosmetics, household appliances, electronic devices, textiles, automotive parts, greeting cards, furniture and other items. Its products include cigarette tipping paper, cigarette sealing paper, and thermal transfer foil. The cigarette tipping paper covers ordinary cigarette tipping paper series, middle-grade cigarette tipping paper series, and top-grade cigarette tipping paper series products. The Cigarette sealing paper product category and Thermal transfer foil product category includes common series and superior series products. The entity has a business presence in China and other countries.

Executives

Xu Shan Shui	Directors, senior managers
Zhao Ji Hui	Supervisors
Yang Jiang Tao	senior management
Liu Li Zheng	Directors, senior managers
Guo Shu Guang	Director
Yang Li Wang	senior management
Jiang Hua	senior management
Wu Zheng Xing	senior management
Sun Zhi Song	Director
Zhou Shao Jun	Director
Yang Er Guo	Director
Yang Ji Hong	senior management
Yan Shu Cheng	Supervisors
Yang Li Xin	Supervisors
Zhang Gong Ping	Supervisors

Anhui Genuine New Materials Co (SHSE:603429) Headlines

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