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Addsino Co (SZSE:000547) Receivables Turnover : 0.17 (As of Mar. 2024)


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What is Addsino 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. Addsino Co's Revenue for the three months ended in Mar. 2024 was ¥433 Mil. Addsino Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,509 Mil. Hence, Addsino Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.17.


Addsino Co Receivables Turnover Historical Data

The historical data trend for Addsino 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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Addsino Co Receivables Turnover Chart

Addsino Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.72 2.45 1.71 1.18 0.65

Addsino 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 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 0.17 0.20 0.13 0.11 0.17

Competitive Comparison of Addsino Co's Receivables Turnover

For the Communication Equipment subindustry, Addsino 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.


Addsino Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Addsino Co's Receivables Turnover distribution charts can be found below:

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



Addsino Co Receivables Turnover Calculation

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

Addsino 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 )
=1862.575 / ((3226.965 + 2481.614) / 2 )
=1862.575 / 2854.2895
=0.65

Addsino 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 )
=433.05 / ((2481.614 + 2536.807) / 2 )
=433.05 / 2509.2105
=0.17

* 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.


Addsino Co  (SZSE:000547) 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.


Addsino Co Receivables Turnover Related Terms

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Addsino Co (SZSE:000547) Business Description

Traded in Other Exchanges
N/A
Address
67 Wuyi Road, Fujian Province, Taijiang, Fuzhou, CHN, 350009
Addsino Co Ltd is a China-based company engages in the development, manufacture, and distribution of command and control communication products. Its main products include military communication products, experimental radio frequency simulation systems, experimental and field active target simulation systems, radar simulation systems, tactical training simulation systems and electromagnetic protection products, among others.
Executives
Tong Jian Xun Executives
Wang Wen Hai Executives
Bian Yong Zhuang Directors, executives
Zhang Gao Lu Director
Cao Yang Supervisors

Addsino Co (SZSE:000547) Headlines

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