Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Receivables Turnover : 9.49 (As of Mar. 2024)

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What is Asia-Potash International Investment (Guangzhou) 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. Asia-Potash International Investment (Guangzhou) Co's Revenue for the three months ended in Mar. 2024 was ¥633 Mil. Asia-Potash International Investment (Guangzhou) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥67 Mil. Hence, Asia-Potash International Investment (Guangzhou) Co's Receivables Turnover for the three months ended in Mar. 2024 was 9.49.

Asia-Potash International Investment (Guangzhou) Co Receivables Turnover Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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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Asia-Potash International Investment (Guangzhou) Co Receivables Turnover Chart

Asia-Potash International Investment (Guangzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.80

8.63

32.49

35.46

41.87

Asia-Potash International Investment (Guangzhou) 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															6.46	5.21	4.50	36.82	9.49

Competitive Comparison of Asia-Potash International Investment (Guangzhou) Co's Receivables Turnover

For the Agricultural Inputs subindustry, Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Asia-Potash International Investment (Guangzhou) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Asia-Potash International Investment (Guangzhou) Co's Receivables Turnover falls into.

Asia-Potash International Investment (Guangzhou) Co Receivables Turnover Calculation

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

Asia-Potash International Investment (Guangzhou) 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 )
=	3897.597	/ (	(166.942	+	19.22)	/	2 )
=	3897.597	/	93.081
=	41.87

Asia-Potash International Investment (Guangzhou) 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 )
=	633.276	/ (	(19.22	+	114.305)	/	2 )
=	633.276	/	66.7625
=	9.49

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) 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.

Asia-Potash International Investment (Guangzhou) Co Receivables Turnover Related Terms

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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Asia-Potash International Investment (Guangzhou) Co Ltd (SZSE:000893) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330

Website

http://www.dongling.cn

Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.

Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Headlines

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