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Anhui Korrun Co (SZSE:300577) Receivables Turnover : 1.42 (As of Mar. 2024)


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What is Anhui Korrun 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. Anhui Korrun Co's Revenue for the three months ended in Mar. 2024 was ¥910 Mil. Anhui Korrun Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥642 Mil. Hence, Anhui Korrun Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.42.


Anhui Korrun Co Receivables Turnover Historical Data

The historical data trend for Anhui Korrun 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.

* Premium members only.

Anhui Korrun Co Receivables Turnover Chart

Anhui Korrun 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 7.01 4.31 5.32 5.73 5.80

Anhui Korrun 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 1.51 1.47 1.31 1.51 1.42

Competitive Comparison of Anhui Korrun Co's Receivables Turnover

For the Footwear & Accessories subindustry, Anhui Korrun 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.


Anhui Korrun Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Anhui Korrun Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Korrun Co's Receivables Turnover falls into.



Anhui Korrun Co Receivables Turnover Calculation

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

Anhui Korrun 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 )
=3104.903 / ((479.377 + 591.856) / 2 )
=3104.903 / 535.6165
=5.80

Anhui Korrun 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 )
=909.908 / ((591.856 + 691.794) / 2 )
=909.908 / 641.825
=1.42

* 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.


Anhui Korrun Co  (SZSE:300577) 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.


Anhui Korrun Co Receivables Turnover Related Terms

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Anhui Korrun Co (SZSE:300577) Business Description

Traded in Other Exchanges
N/A
Address
No. 1555, Tongle East Road, Anhui Province, Nanxun District, Chenzhou, CHN, 239000
Anhui Korrun Co Ltd is engaged in design, development and sales of luggage and lifestyle accessories. Its products include backpacks, briefcases, templates of smartphones and PADs, luggage, and outdoor and sports products.
Executives
Gao Xiao Min Directors, executives
Fan Jin Song Directors, executives
Zhong Zhi Guo Directors, executives
Ding Li Jun Executives
Cai Gang Supervisors
Fan Li Juan Supervisors

Anhui Korrun Co (SZSE:300577) Headlines

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