Wuzhou Special Paper Group Co (SHSE:605007) Receivables Turnover : 1.60 (As of Mar. 2024)

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What is Wuzhou Special Paper 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. Wuzhou Special Paper Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,726 Mil. Wuzhou Special Paper Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,079 Mil. Hence, Wuzhou Special Paper Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.60.

Wuzhou Special Paper Group Co Receivables Turnover Historical Data

The historical data trend for Wuzhou Special Paper 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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Wuzhou Special Paper Group Co Receivables Turnover Chart

Wuzhou Special Paper Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.20

5.52

6.94

7.37

6.17

Wuzhou Special Paper 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															1.33	1.66	1.68	1.64	1.60

Competitive Comparison of Wuzhou Special Paper Group Co's Receivables Turnover

For the Paper & Paper Products subindustry, Wuzhou Special Paper 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.

Wuzhou Special Paper Group Co's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Wuzhou Special Paper Group Co's Receivables Turnover distribution charts can be found below:

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

Wuzhou Special Paper Group Co Receivables Turnover Calculation

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

Wuzhou Special Paper 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 )
=	6519.309	/ (	(1006.27	+	1106.664)	/	2 )
=	6519.309	/	1056.467
=	6.17

Wuzhou Special Paper 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 )
=	1726.179	/ (	(1106.664	+	1051.485)	/	2 )
=	1726.179	/	1079.0745
=	1.60

Wuzhou Special Paper Group Co (SHSE:605007) 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.

Wuzhou Special Paper Group Co Receivables Turnover Related Terms

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Wuzhou Special Paper Group Co (SHSE:605007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Wuzhou Special Paper Group Co Ltd (SHSE:605007) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 1, Tongbo North Road, Qujiang District, Zhejiang Province, Quzhou, CHN, 324022

Website

http://www.wztzzy.com

Wuzhou Special Paper Group Co Ltd is engaged in research and development, production and sales of special paper. The company produces food wrapping paper, gration paper, tracing paper.

Executives

Lin Cai Ling	Director
Zhao Yun Fu	Director
Zhao Chen Jia	Director
Xu Xi Zhong	senior management
Cao Liang	senior management
Zhang Yan Chen	senior management
Zhang Hai Xia	senior management

Wuzhou Special Paper Group Co (SHSE:605007) Headlines

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