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Aima Technology Group Co (SHSE:603529) Receivables Turnover : 12.91 (As of Mar. 2024)


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What is Aima Technology Group 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. Aima Technology Group Co's Revenue for the three months ended in Mar. 2024 was ¥4,954 Mil. Aima Technology Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥384 Mil. Hence, Aima Technology Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 12.91.


Aima Technology Group Co Receivables Turnover Historical Data

The historical data trend for Aima Technology Group 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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Aima Technology Group Co Receivables Turnover Chart

Aima Technology Group Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 57.86 84.22 77.90 83.54 64.91

Aima Technology Group Co Quarterly Data
Dec18 Jun19 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 15.27 8.84 11.09 7.12 12.91

Competitive Comparison of Aima Technology Group Co's Receivables Turnover

For the Auto Manufacturers subindustry, Aima Technology Group 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.


Aima Technology Group Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aima Technology Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aima Technology Group Co's Receivables Turnover falls into.



Aima Technology Group Co Receivables Turnover Calculation

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

Aima Technology Group 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 )
=21036.121 / ((290.366 + 357.84) / 2 )
=21036.121 / 324.103
=64.91

Aima Technology Group 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 )
=4953.545 / ((357.84 + 409.433) / 2 )
=4953.545 / 383.6365
=12.91

* 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.


Aima Technology Group Co  (SHSE:603529) 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.


Aima Technology Group Co Receivables Turnover Related Terms

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Aima Technology Group Co (SHSE:603529) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Aima Road, Jinghai Economic Development Zone, Tianjin, CHN, 301600
Emma Technology Group Co Ltd is engaged in the research and development, production, and sales of electric bicycles, electric mopeds, and electric motorcycles.
Executives
Peng Wei Director
Liu Jian Xin Director
Zheng Hui senior management
Hu Yu Peng senior management
Ren Yong senior management

Aima Technology Group Co (SHSE:603529) Headlines

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