Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Receivables Turnover : 0.95 (As of Mar. 2024)

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What is Jiangsu Tongrun Equipment 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. Jiangsu Tongrun Equipment Technology Co's Revenue for the three months ended in Mar. 2024 was ¥684 Mil. Jiangsu Tongrun Equipment Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥720 Mil. Hence, Jiangsu Tongrun Equipment Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.95.

Jiangsu Tongrun Equipment Technology Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Tongrun Equipment 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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Jiangsu Tongrun Equipment Technology Co Receivables Turnover Chart

Jiangsu Tongrun Equipment Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.92

6.76

7.25

6.06

5.43

Jiangsu Tongrun Equipment 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															1.36	1.17	0.97	1.16	0.95

Competitive Comparison of Jiangsu Tongrun Equipment Technology Co's Receivables Turnover

For the Tools & Accessories subindustry, Jiangsu Tongrun Equipment 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.

Jiangsu Tongrun Equipment Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Tongrun Equipment Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Tongrun Equipment Technology Co's Receivables Turnover falls into.

Jiangsu Tongrun Equipment Technology Co Receivables Turnover Calculation

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

Jiangsu Tongrun Equipment 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 )
=	2517.983	/ (	(226.062	+	702.143)	/	2 )
=	2517.983	/	464.1025
=	5.43

Jiangsu Tongrun Equipment 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 )
=	684.324	/ (	(702.143	+	737.137)	/	2 )
=	684.324	/	719.64
=	0.95

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) 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.

Jiangsu Tongrun Equipment Technology Co Receivables Turnover Related Terms

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Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongrun Equipment Technology Co Ltd (SZSE:002150) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tonggang Road, Zhouxing Tonggang Industrial Development Zone, Jiangsu, Changshu, CHN, 215517

Website

http://www.tongrunindustries.com

Jiangsu Tongrun Equipment Technology Co Ltd is engaged in business of sheet metal products and electrical products. The products of the company include metal toolbox cabinets, steel office furniture, precision sheet metal parts, complete set of electrical control cabinets, and high voltage circuit breakers. The company generates majority of revenue from metal tool manufacturing.

Executives

Cai Lan	Directors, executives
Wang Yue Hong	Directors, executives
Liu Zhen Jiang	Directors, executives
Wang Xiang Yuan	Supervisors
Liu Xiao Yu	Securities Affairs Representative
Gao Jin Xiang	Director
Gu Xiong Bin	Director
Shen Hong	Director

Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Headlines

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