Shandong Sunpaper Co (SZSE:002078) Receivables Turnover : 3.83 (As of Mar. 2024)

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What is Shandong Sunpaper 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. Shandong Sunpaper Co's Revenue for the three months ended in Mar. 2024 was ¥10,185 Mil. Shandong Sunpaper Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,657 Mil. Hence, Shandong Sunpaper Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.83.

Shandong Sunpaper Co Receivables Turnover Historical Data

The historical data trend for Shandong Sunpaper 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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Shandong Sunpaper Co Receivables Turnover Chart

Shandong Sunpaper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.82

13.42

18.94

19.79

18.89

Shandong Sunpaper 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															3.58	3.18	3.45	4.22	3.83

Competitive Comparison of Shandong Sunpaper Co's Receivables Turnover

For the Paper & Paper Products subindustry, Shandong Sunpaper 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.

Shandong Sunpaper Co's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shandong Sunpaper Co's Receivables Turnover distribution charts can be found below:

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

Shandong Sunpaper Co Receivables Turnover Calculation

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

Shandong Sunpaper 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 )
=	39544.343	/ (	(2232.607	+	1954.194)	/	2 )
=	39544.343	/	2093.4005
=	18.89

Shandong Sunpaper 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 )
=	10184.934	/ (	(1954.194	+	3360.207)	/	2 )
=	10184.934	/	2657.2005
=	3.83

Shandong Sunpaper Co (SZSE:002078) 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.

Shandong Sunpaper Co Receivables Turnover Related Terms

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Shandong Sunpaper Co (SZSE:002078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shandong Sunpaper Co Ltd (SZSE:002078) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 1 Youyi Road, Shandong Province, Yanzhou District, Jining, CHN, 272100

Website

http://www.sunpapergroup.com

Shandong Sunpaper Co Ltd is a China-based paper making company. It manufactures and distributes paper products. The company's product lines includes premium coated packaging paperboard, high-class art paper, high-class cultural and office paper, specialty fiber dissolving pulp, household paper, and industrial paper. Its main brands include Golden Sun, Huaxia Sun, Brilliant Sun, Weier, Lecopy, Koolprint, Sun Elements, Suyappy, International Radiance, International Sun and International Union. The company has a presence in Laos and the United States of America.

Shandong Sunpaper Co (SZSE:002078) Headlines

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