Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Receivables Turnover : 1.72 (As of Mar. 2024)

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What is Shenzhen New Nanshan Holding (Group) 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 New Nanshan Holding (Group) Co's Revenue for the three months ended in Mar. 2024 was ¥1,331 Mil. Shenzhen New Nanshan Holding (Group) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥772 Mil. Hence, Shenzhen New Nanshan Holding (Group) Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.72.

Shenzhen New Nanshan Holding (Group) Co Receivables Turnover Historical Data

The historical data trend for Shenzhen New Nanshan Holding (Group) 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 New Nanshan Holding (Group) Co Receivables Turnover Chart

Shenzhen New Nanshan Holding (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.65

10.20

10.86

14.51

14.65

Shenzhen New Nanshan Holding (Group) 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															5.96	3.09	1.65	3.27	1.72

Competitive Comparison of Shenzhen New Nanshan Holding (Group) Co's Receivables Turnover

For the Real Estate - Diversified subindustry, Shenzhen New Nanshan Holding (Group) 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 New Nanshan Holding (Group) Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen New Nanshan Holding (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen New Nanshan Holding (Group) Co's Receivables Turnover falls into.

Shenzhen New Nanshan Holding (Group) Co Receivables Turnover Calculation

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

Shenzhen New Nanshan Holding (Group) 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 )
=	12057.389	/ (	(869.621	+	776.436)	/	2 )
=	12057.389	/	823.0285
=	14.65

Shenzhen New Nanshan Holding (Group) 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 )
=	1330.808	/ (	(776.436	+	767.735)	/	2 )
=	1330.808	/	772.0855
=	1.72

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) 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 New Nanshan Holding (Group) Co Receivables Turnover Related Terms

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Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen New Nanshan Holding (Group) Co Ltd (SZSE:002314) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, South 12th Road, JiuZhou Electric Appliance Building, Science and Technology Park, NanShan District, ShenZhen, CHN

Website

http://www.xnskg.cn

Shenzhen New Nanshan Holding (Group) Co Ltd is engaged in the integrated building business, the company is committed to the development and operation of new integrated buildings. It has seven series of products, such as modular space, packing boxes, movable board houses, special containers and elegant accessories.

Executives

Zhang Fu Sheng	Independent director
Tian Jun Yan	Director
Jiang Jun Ya	Directors, executives
Guo Qing	Directors, executives
Hu Yong Tao	Supervisors
Zhu Tao	Executives
Wang Shi Yun	Director
Ma Zhi Hong	Executives
Chen Lei	Directors, executives
Zhang Jian Guo	Director
Shen Qi Meng	Directors, executives
Shang Yue Xiang	Supervisors
Guo Yu	Supervisors
Yuan Zhao Yun	Directors, executives
Zhang Li	Securities Affairs Representative

Shenzhen New Nanshan Holding (Group) Co (SZSE:002314) Headlines

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