Shandong New Beiyang Information Technology Co (SZSE:002376) Receivables Turnover : 0.75 (As of Mar. 2024)

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What is Shandong New Beiyang Information 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. Shandong New Beiyang Information Technology Co's Revenue for the three months ended in Mar. 2024 was ¥410 Mil. Shandong New Beiyang Information Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥544 Mil. Hence, Shandong New Beiyang Information Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.75.

Shandong New Beiyang Information Technology Co Receivables Turnover Historical Data

The historical data trend for Shandong New Beiyang Information 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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Shandong New Beiyang Information Technology Co Receivables Turnover Chart

Shandong New Beiyang Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.41

3.00

2.94

2.77

3.46

Shandong New Beiyang Information 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															0.61	0.94	0.93	1.04	0.75

Competitive Comparison of Shandong New Beiyang Information Technology Co's Receivables Turnover

For the Business Equipment & Supplies subindustry, Shandong New Beiyang Information 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.

Shandong New Beiyang Information Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong New Beiyang Information Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shandong New Beiyang Information Technology Co's Receivables Turnover falls into.

Shandong New Beiyang Information Technology Co Receivables Turnover Calculation

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

Shandong New Beiyang Information 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 )
=	2189.645	/ (	(699.134	+	565.125)	/	2 )
=	2189.645	/	632.1295
=	3.46

Shandong New Beiyang Information 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 )
=	409.778	/ (	(565.125	+	522.763)	/	2 )
=	409.778	/	543.944
=	0.75

Shandong New Beiyang Information Technology Co (SZSE:002376) 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 New Beiyang Information Technology Co Receivables Turnover Related Terms

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Shandong New Beiyang Information Technology Co (SZSE:002376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong New Beiyang Information Technology Co Ltd (SZSE:002376) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.169, Torch Road, Torch High-tech Industrial Development Zone, Shandong Province, Weihai, CHN, 264203

Website

http://www.snbc.com.cn

Shandong New Beiyang Information Technology Co Ltd is a China-based company focused on the research and development, production, sales and service of thermal printing, identification as well as smart system integration products. It offers products such as Kiosk printer, scanner, receipt printers, barcode printers, banknote sorter and self-service terminals. In addition, the company also provides solutions in the field of finance, logistics, and other industries.

Executives

Qin Fei	Executives
Chen Da Xiang	Executives
Rong Bo	Directors, Directors, and Executives
Zhang Yong Sheng	Executives
Jiang Tian Xin	Executives
Qiu Lin	Supervisors
Yuan Yong	Supervisors
Sun Jian Yu	Executives
Song Sen	Directors, executives
Cong Qiang Zi	Director
Song Wen Shan	Independent director
Xu Zhi Gang	Executives
Xu Zhi Qiang	Executives
Wang Chun Tao	Executives
Cong Pei Cheng	Supervisors

Shandong New Beiyang Information Technology Co (SZSE:002376) Headlines

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