Shenzhen Agricultural Power Group Co (SZSE:000061) Receivables Turnover : 3.74 (As of Mar. 2024)

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What is Shenzhen Agricultural Power 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. Shenzhen Agricultural Power Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,050 Mil. Shenzhen Agricultural Power Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥280 Mil. Hence, Shenzhen Agricultural Power Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.74.

Shenzhen Agricultural Power Group Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Agricultural Power 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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Shenzhen Agricultural Power Group Co Receivables Turnover Chart

Shenzhen Agricultural Power Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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47.09

40.27

37.09

26.40

23.05

Shenzhen Agricultural Power 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															5.23	5.27	4.83	5.09	3.74

Competitive Comparison of Shenzhen Agricultural Power Group Co's Receivables Turnover

For the Food Distribution subindustry, Shenzhen Agricultural Power 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.

Shenzhen Agricultural Power Group Co's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Shenzhen Agricultural Power Group Co's Receivables Turnover distribution charts can be found below:

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

Shenzhen Agricultural Power Group Co Receivables Turnover Calculation

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

Shenzhen Agricultural Power 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 )
=	5490.136	/ (	(205.027	+	271.269)	/	2 )
=	5490.136	/	238.148
=	23.05

Shenzhen Agricultural Power 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 )
=	1049.93	/ (	(271.269	+	289.683)	/	2 )
=	1049.93	/	280.476
=	3.74

Shenzhen Agricultural Power Group Co (SZSE:000061) 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.

Shenzhen Agricultural Power Group Co Receivables Turnover Related Terms

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Shenzhen Agricultural Power Group Co (SZSE:000061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Shenzhen Agricultural Power Group Co Ltd (SZSE:000061) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1021 Buji Road, Tianle Building, 22F, Luohu District, Shenzhen, Guangdong, CHN, 518019

Website

http://www.szap.com

Shenzhen Agricultural Products Co Ltd is engaged in investment, development, construction, operation, and management of agricultural products.

Executives

Chen Xiao Hua	Directors, executives
Chen Shao Qun	Director
Shen Hua	Executives
Liu Xiong Jia	Secretary Dong
Zhang Jian	Executives
Liu Guang Yang	Executives
Chen Yang Sheng	Directors, executives
Lu Jian Min	Supervisors
Hu Xiang Hai	Directors, executives
Wan Xiao Ning	Director
Liu Sui Yi	Supervisors
Wang Xing Yi	Independent director
Ceng Pai	Directors, executives
Zhu Jun Ming	Director
Lin Xi Bin	Executives

Shenzhen Agricultural Power Group Co (SZSE:000061) Headlines

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