Yangzhou Yangjie Electronic Technology Co (SZSE:300373) Receivables Turnover : 0.91 (As of Mar. 2024)

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What is Yangzhou Yangjie Electronic 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. Yangzhou Yangjie Electronic Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,328 Mil. Yangzhou Yangjie Electronic Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,466 Mil. Hence, Yangzhou Yangjie Electronic Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.91.

Yangzhou Yangjie Electronic Technology Co Receivables Turnover Historical Data

The historical data trend for Yangzhou Yangjie Electronic 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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Yangzhou Yangjie Electronic Technology Co Receivables Turnover Chart

Yangzhou Yangjie Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.35

3.68

4.83

4.85

3.97

Yangzhou Yangjie Electronic 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															1.01	0.92	0.88	0.84	0.91

Competitive Comparison of Yangzhou Yangjie Electronic Technology Co's Receivables Turnover

For the Semiconductors subindustry, Yangzhou Yangjie Electronic 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.

Yangzhou Yangjie Electronic Technology Co's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Yangzhou Yangjie Electronic Technology Co's Receivables Turnover falls into.

Yangzhou Yangjie Electronic Technology Co Receivables Turnover Calculation

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

Yangzhou Yangjie Electronic 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 )
=	5409.835	/ (	(1208.174	+	1515.579)	/	2 )
=	5409.835	/	1361.8765
=	3.97

Yangzhou Yangjie Electronic 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 )
=	1328.044	/ (	(1515.579	+	1415.728)	/	2 )
=	1328.044	/	1465.6535
=	0.91

Yangzhou Yangjie Electronic Technology Co (SZSE:300373) 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.

Yangzhou Yangjie Electronic Technology Co Receivables Turnover Related Terms

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Yangzhou Yangjie Electronic Technology Co (SZSE:300373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Yangzhou Yangjie Electronic Technology Co Ltd (SZSE:300373) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6 West Heye Road, Yangzhou, CHN

Website

http://www.21yangjie.com

Yangzhou Yangjie Electronic Technology Co Ltd is a semiconductor component manufacturing company. The company is engaged in manufacturing and selling device chips, power diode Rectifier Bridge and discrete semiconductor devices. Its main products include Bridge rectifier, Automobile Rectifier, General purpose rectifier, Fast Recovery Rectifier, Zener Diode, Solar diode and Schottry rectifier. These products are widely used in lighting, power supply, customer electronics, computer and peripheral equipment, electronic instruments and meters, communication, industrial and automatic control, automotive electronics and other fields. Geographically the operation of the group is carried out through China.

Executives

Xu Xiao Bing	Executives
Chen Run Sheng	Directors, executives
Dai Juan	Executives
Liu Cong Ning	Directors, executives
Qin Nan	Securities Affairs Representative
Zhou Bin	Director
Liang Yao	Directors, executives
Lin Zhao Huang	Executives
Wang Yi	Executives
Xu Ping	Supervisors

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