YONFER Agricultural Technology Co (SZSE:000902) Receivables Turnover : 12.01 (As of Mar. 2024)

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What is YONFER Agricultural Technology 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. YONFER Agricultural Technology Co's Revenue for the three months ended in Mar. 2024 was ¥3,335 Mil. YONFER Agricultural Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥278 Mil. Hence, YONFER Agricultural Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 12.01.

YONFER Agricultural Technology Co Receivables Turnover Historical Data

The historical data trend for YONFER Agricultural Technology 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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YONFER Agricultural Technology Co Receivables Turnover Chart

YONFER Agricultural Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

46.41

50.82

50.56

54.59

58.94

YONFER Agricultural Technology 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															11.42	8.96	12.11	12.95	12.01

Competitive Comparison of YONFER Agricultural Technology Co's Receivables Turnover

For the Agricultural Inputs subindustry, YONFER Agricultural Technology 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.

YONFER Agricultural Technology Co's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, YONFER Agricultural Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where YONFER Agricultural Technology Co's Receivables Turnover falls into.

YONFER Agricultural Technology Co Receivables Turnover Calculation

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

YONFER Agricultural Technology 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 )
=	15099.869	/ (	(306.26	+	206.088)	/	2 )
=	15099.869	/	256.174
=	58.94

YONFER Agricultural Technology 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 )
=	3334.772	/ (	(206.088	+	349.02)	/	2 )
=	3334.772	/	277.554
=	12.01

YONFER Agricultural Technology Co (SZSE:000902) 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.

YONFER Agricultural Technology Co Receivables Turnover Related Terms

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YONFER Agricultural Technology Co (SZSE:000902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » YONFER Agricultural Technology Co Ltd (SZSE:000902) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 North Yuelianghu Road, Hubei Province, Jingmen, CHN, 448000

Website

https://www.yonfer.com

YONFER Agricultural Technology Co Ltd is engaged in the research, development, production, and sales of high-concentration phosphate compound fertilizers and new fertilizers, as well as modern agriculture-related technologies, equipment, and products. It offers ammonium phosphate, phosphate fertilizer, compound fertilizer, organic-inorganic compound fertilizer, bio-organic fertilizer, microbial fertilizer, sulfuric acid, and others.

Executives

Su Bin	Executives
Yang Cai Bin	Director
Tang San Zhou	Executives
Wei Wan Cheng	Executives
Zhang Hong Qiang	Supervisors
Yang Lei	Executives
Li Zhong Hai	Executives
Wei Wan Hua	Executives
Yang Cai Xue	Director
Huang Yi Qing	Director
Liang Yong	Director

YONFER Agricultural Technology Co (SZSE:000902) Headlines

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