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Shenzhen Leaguer Co (SZSE:002243) Receivables Turnover : 0.48 (As of Mar. 2024)


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What is Shenzhen Leaguer 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. Shenzhen Leaguer Co's Revenue for the three months ended in Mar. 2024 was ¥444 Mil. Shenzhen Leaguer Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥929 Mil. Hence, Shenzhen Leaguer Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.48.


Shenzhen Leaguer Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Leaguer 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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Shenzhen Leaguer Co Receivables Turnover Chart

Shenzhen Leaguer 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 3.14 3.25 3.36 2.42 2.47

Shenzhen Leaguer 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 0.55 0.60 0.70 0.79 0.48

Competitive Comparison of Shenzhen Leaguer Co's Receivables Turnover

For the Packaging & Containers subindustry, Shenzhen Leaguer 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.


Shenzhen Leaguer Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shenzhen Leaguer Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Leaguer Co's Receivables Turnover falls into.



Shenzhen Leaguer Co Receivables Turnover Calculation

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

Shenzhen Leaguer 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 )
=2515.808 / ((1049.769 + 985.436) / 2 )
=2515.808 / 1017.6025
=2.47

Shenzhen Leaguer 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 )
=443.975 / ((985.436 + 871.782) / 2 )
=443.975 / 928.609
=0.48

* 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.


Shenzhen Leaguer Co  (SZSE:002243) 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.


Shenzhen Leaguer Co Receivables Turnover Related Terms

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Shenzhen Leaguer Co (SZSE:002243) Business Description

Traded in Other Exchanges
N/A
Address
No. 1001, Longgang Avenue, Longgang District, Guangdong, Shenzhen, CHN, 518117
Shenzhen Leaguer Co Ltd formerly Shenzhen Beauty Star Co Ltd is engaged in development of new materials, packaging concept design, cosmetic and food plastic packaging production and sales, technological equipments and mold design manufacture, packaging recycling, battery packaging design, and automobile light weighting design.
Executives
He Zhen Directors, executives
Ren Hong Juan Securities Affairs Representative
Yao Zheng Yu Executives
Cao Hai Cheng Director
Lin Mao Qing Supervisors
Cheng Ruo Fei Directors, executives
Wang Ping Director
Sun Jiang Ning Supervisors
Li Gang Director
Lai Xiao Hua Executives

Shenzhen Leaguer Co (SZSE:002243) Headlines

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