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Fujiannmu Group Co (SZSE:000632) Receivables Turnover : 96.29 (As of Mar. 2024)


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What is Fujiannmu 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. Fujiannmu Group Co's Revenue for the three months ended in Mar. 2024 was ¥3,703 Mil. Fujiannmu Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥38 Mil. Hence, Fujiannmu Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 96.29.


Fujiannmu Group Co Receivables Turnover Historical Data

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

Fujiannmu Group 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 118.11 351.64 293.29 218.82 189.17

Fujiannmu 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 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 27.73 33.07 23.95 72.31 96.29

Competitive Comparison of Fujiannmu Group Co's Receivables Turnover

For the Real Estate - Diversified subindustry, Fujiannmu 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.


Fujiannmu Group Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fujiannmu Group Co's Receivables Turnover distribution charts can be found below:

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



Fujiannmu Group Co Receivables Turnover Calculation

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

Fujiannmu 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 )
=13912.21 / ((99.55 + 47.534) / 2 )
=13912.21 / 73.542
=189.17

Fujiannmu 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 )
=3703.022 / ((47.534 + 29.381) / 2 )
=3703.022 / 38.4575
=96.29

* 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.


Fujiannmu Group Co  (SZSE:000632) 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.


Fujiannmu Group Co Receivables Turnover Related Terms

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Fujiannmu Group Co (SZSE:000632) Business Description

Traded in Other Exchanges
N/A
Address
No. 162, Junzhu Road, Development Zone, Fujian Province, Fuzhou, CHN, 350009
Fujian Sanmu Group Co Ltd is engaged in real estate development, operating property, operation management, and import and export trade.
Executives
Lu Shao Hui Independent director
Gao Xu Bin Directors, executives
Xie Ming Feng Executives
Zhao Zheng Supervisors
Chen Ming Sen Independent director
Wang Han Secretary Dong
Zheng Hui Chuan Executives
Cai Qin Ming Directors, executives
Liu Feng Executives
Lan Juan Director
Lin Hong Director
Zheng Xing Guang Directors, executives
Li Jian Na Supervisors
Zhang Hong Jian Supervisors

Fujiannmu Group Co (SZSE:000632) Headlines

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