Jiangling Motors (SZSE:000550) Receivables Turnover : 1.96 (As of Mar. 2024)

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What is Jiangling Motors 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. Jiangling Motors's Revenue for the three months ended in Mar. 2024 was ¥7,975 Mil. Jiangling Motors's average Accounts Receivable for the three months ended in Mar. 2024 was ¥4,078 Mil. Hence, Jiangling Motors's Receivables Turnover for the three months ended in Mar. 2024 was 1.96.

Jiangling Motors Receivables Turnover Historical Data

The historical data trend for Jiangling Motors'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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Jiangling Motors Receivables Turnover Chart

Jiangling Motors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.95

12.71

11.75

8.31

7.67

Jiangling Motors 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															1.67	1.72	1.80	2.14	1.96

Competitive Comparison of Jiangling Motors's Receivables Turnover

For the Auto Manufacturers subindustry, Jiangling Motors'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.

Jiangling Motors's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jiangling Motors's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangling Motors's Receivables Turnover falls into.

Jiangling Motors Receivables Turnover Calculation

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

Jiangling Motors'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 )
=	33167.325	/ (	(4245.542	+	4401.826)	/	2 )
=	33167.325	/	4323.684
=	7.67

Jiangling Motors'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 )
=	7974.792	/ (	(4401.826	+	3754.431)	/	2 )
=	7974.792	/	4078.1285
=	1.96

Jiangling Motors (SZSE:000550) 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.

Jiangling Motors Receivables Turnover Related Terms

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Jiangling Motors (SZSE:000550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangling Motors Corp Ltd (SZSE:000550) » Definitions » Receivables Turnover

Traded in Other Exchanges

200550:China

Address

No. 509, Northern Yingbin Avenue, Jiangxi Province, Nanchang, CHN, 330001

Website

http://www.jmc.com.cn

Jiangling Motors Corp Ltd is an automobile manufacturing company domiciled in China. The company principally manufactures light commercial vehicles such as vans and pickup trucks, heavy commercial vehicles including heavy-duty trucks, sport utility vehicles, engines, castings, and related vehicle components. It derives the vast majority of revenue from commercial vehicles and SUVs. Jiangling Motors produces vehicles under the JMC, Yusheng, and Ford brands. The company earns revenue almost entirely domestically.

Executives

Zhu Shui Xing	Executives
Tu Hong Feng	Executives
Xu Lan Feng	Supervisors

Jiangling Motors (SZSE:000550) Headlines

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