Xiamen Changelight Co (SZSE:300102) Receivables Turnover : 0.65 (As of Mar. 2024)

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What is Xiamen Changelight 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. Xiamen Changelight Co's Revenue for the three months ended in Mar. 2024 was ¥556 Mil. Xiamen Changelight Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥854 Mil. Hence, Xiamen Changelight Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.65.

Xiamen Changelight Co Receivables Turnover Historical Data

The historical data trend for Xiamen Changelight 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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Xiamen Changelight Co Receivables Turnover Chart

Xiamen Changelight Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.66

1.79

2.56

2.59

3.27

Xiamen Changelight 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															0.74	0.99	0.86	0.66	0.65

Competitive Comparison of Xiamen Changelight Co's Receivables Turnover

For the Semiconductors subindustry, Xiamen Changelight 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.

Xiamen Changelight Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xiamen Changelight Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Xiamen Changelight Co's Receivables Turnover falls into.

Xiamen Changelight Co Receivables Turnover Calculation

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

Xiamen Changelight 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 )
=	2387.427	/ (	(613.167	+	845.748)	/	2 )
=	2387.427	/	729.4575
=	3.27

Xiamen Changelight 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 )
=	556.423	/ (	(845.748	+	862.144)	/	2 )
=	556.423	/	853.946
=	0.65

Xiamen Changelight Co (SZSE:300102) 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.

Xiamen Changelight Co Receivables Turnover Related Terms

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Xiamen Changelight Co (SZSE:300102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xiamen Changelight Co Ltd (SZSE:300102) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Xiangyue Road, Xiamen Torch Xiang An, Industry Park, Xiamen, CHN

Website

http://www.changelight.com.cn

Xiamen Changelight Co Ltd is engaged in the research, development, production, and sale of semiconductor materials in China. The company mainly produces full-color ultra-bright LED epitaxial wafers and chips, high-performance gallium arsenide solar cells, LED lighting products and provides energy-saving lighting application solutions. The product distribution network covers all parts of the country and Southeast Asia.

Executives

Liu Zhao	Executives
Li Min Hua	Director
Jin Zhang Yu	Director
Cai Hai Fang	Executives
Zheng Yuan Xin	Executives
Niu Xing Sheng	Executives
Liu Wen Hui	Directors, executives
Zhang Xian Cheng	Executives
Peng Xing Hua	Executives
Cai Yu Mei	Supervisors
Wang Wei Yong	Director
Zhang Shuang Xiang	Executives
Wang Jian Hong	Supervisors
Deng Dian Ming	Director
Wang Xiang Wu	Directors, executives

Xiamen Changelight Co (SZSE:300102) Headlines

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