Fulongma Group Co (SHSE:603686) Receivables Turnover : 0.67 (As of Mar. 2024)

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What is Fulongma 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. Fulongma Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,185 Mil. Fulongma Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,768 Mil. Hence, Fulongma Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.67.

Fulongma Group Co Receivables Turnover Historical Data

The historical data trend for Fulongma 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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Fulongma Group Co Receivables Turnover Chart

Fulongma Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.85

4.41

4.06

2.85

2.65

Fulongma Group 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															0.63	0.66	0.69	0.70	0.67

Competitive Comparison of Fulongma Group Co's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Fulongma 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.

Fulongma Group Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fulongma Group Co's Receivables Turnover distribution charts can be found below:

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

Fulongma Group Co Receivables Turnover Calculation

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

Fulongma 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 )
=	5106.346	/ (	(1975.062	+	1877.187)	/	2 )
=	5106.346	/	1926.1245
=	2.65

Fulongma 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 )
=	1184.952	/ (	(1877.187	+	1659.533)	/	2 )
=	1184.952	/	1768.36
=	0.67

Fulongma Group Co (SHSE:603686) 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.

Fulongma Group Co Receivables Turnover Related Terms

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Fulongma Group Co (SHSE:603686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fulongma Group Co Ltd (SHSE:603686) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 42, Longteng South Road, Donghua Community, Dongxiao Town, Xinluo District, Fujian Province, Longyan, CHN, 364028

Website

http://www.fjlm.com.cn

Fulongma Group Co Ltd supplies Chinese professionalization environmental sanitation equipment. The company is engaged in the research and development, production, selling, and services of the specialized cleaning vehicle, garbage, collecting and transporting vehicle and other equipment that are mainly used in the environmental sanitation department, municipal works, and road cleaning. Some of its products are Sweeping and Clean-keeping series, Garbage collection, and others.

Executives

Shen Jia Qing	Supervisors
Zhang Gui Feng	Director
Yang Yu Zhong	Directors, senior managers
Li Xiao Bing	Director
Li Kai Sen	Supervisors
Lin Hong Zhen	senior management
Bai Yun Long	senior management
Zhang Gui Chao	Directors, senior managers
Ceng En Hua	senior management
Chen Jing Jie	Director
Rong Min Long	senior management
Liao Jian He	senior management
Chen Yong Qi	senior management
Lin Zhen	Supervisors

Fulongma Group Co (SHSE:603686) Headlines

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