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Ziel Home Furnishing Technology Co (SZSE:301376) Receivables Turnover : 10.42 (As of Mar. 2024)


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What is Ziel Home Furnishing 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. Ziel Home Furnishing Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,842 Mil. Ziel Home Furnishing Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥177 Mil. Hence, Ziel Home Furnishing Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 10.42.

Ziel Home Furnishing Technology Co Receivables Turnover Historical Data

The historical data trend for Ziel Home Furnishing 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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Ziel Home Furnishing Technology Co Receivables Turnover Chart

Ziel Home Furnishing Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 49.67 44.46 49.88 40.65 36.41

Ziel Home Furnishing Technology Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 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 9.66 10.01 9.40 11.01 10.42

Competitive Comparison of Ziel Home Furnishing Technology Co's Receivables Turnover

For the Specialty Retail subindustry, Ziel Home Furnishing 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.

Ziel Home Furnishing Technology Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ziel Home Furnishing Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ziel Home Furnishing Technology Co's Receivables Turnover falls into.


Ziel Home Furnishing Technology Co Receivables Turnover Calculation

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

Ziel Home Furnishing 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 )
=6074.187 / ((143.18 + 190.463) / 2 )
=6074.187 / 166.8215
=36.41

Ziel Home Furnishing 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 )
=1841.61 / ((190.463 + 162.869) / 2 )
=1841.61 / 176.666
=10.42

* 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.

Ziel Home Furnishing Technology Co  (SZSE:301376) 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.

Ziel Home Furnishing Technology Co Receivables Turnover Related Terms

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Ziel Home Furnishing Technology Co (SZSE:301376) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ziel Home Furnishing Technology Co Ltd (SZSE:301376) » Definitions » Receivables Turnover
Comparable Companies
SZSE:301078 SZSE:002416 SZSE:002344 SHSE:601801 SHSE:603353 SHSE:603230 SZSE:300622 SZSE:002403 SZSE:301335 SHSE:603214 ORLY TSX:ATD AZO SHSE:601888 TSCO ULTA GPC BBY ADX:ADNOCDIST CASY
Traded in Other Exchanges
N/A
Address
No. 198-19, Songshan South Road, No. 601, 6th Floor, Dongfang Building, Erqi, Henan, Zhengzhou, CHN, 450000
Website
https://www.ziel.cn
Ziel Home Furnishing Technology Co Ltd is engaged in research and development, design and sales of home furnishing products such as self-owned brand furniture series, home furnishing series, courtyard series and pet series.

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