Guangdong Feinan Resources Recycling Co (SZSE:301500) Receivables Turnover : 36.99 (As of Mar. 2024)

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What is Guangdong Feinan Resources Recycling 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. Guangdong Feinan Resources Recycling Co's Revenue for the three months ended in Mar. 2024 was ¥2,285 Mil. Guangdong Feinan Resources Recycling Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥62 Mil. Hence, Guangdong Feinan Resources Recycling Co's Receivables Turnover for the three months ended in Mar. 2024 was 36.99.

Guangdong Feinan Resources Recycling Co Receivables Turnover Historical Data

The historical data trend for Guangdong Feinan Resources Recycling 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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Guangdong Feinan Resources Recycling Co Receivables Turnover Chart

Guangdong Feinan Resources Recycling Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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37.88

31.51

50.99

80.35

119.42

Guangdong Feinan Resources Recycling Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											24.72	12.21	17.31	24.65	36.99

Competitive Comparison of Guangdong Feinan Resources Recycling Co's Receivables Turnover

For the Waste Management subindustry, Guangdong Feinan Resources Recycling 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.

Guangdong Feinan Resources Recycling Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Guangdong Feinan Resources Recycling Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Feinan Resources Recycling Co's Receivables Turnover falls into.

Guangdong Feinan Resources Recycling Co Receivables Turnover Calculation

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

Guangdong Feinan Resources Recycling 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 )
=	8668.337	/ (	(77.509	+	67.665)	/	2 )
=	8668.337	/	72.587
=	119.42

Guangdong Feinan Resources Recycling 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 )
=	2285.131	/ (	(67.665	+	55.897)	/	2 )
=	2285.131	/	61.781
=	36.99

Guangdong Feinan Resources Recycling Co (SZSE:301500) 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.

Guangdong Feinan Resources Recycling Co Receivables Turnover Related Terms

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Guangdong Feinan Resources Recycling Co (SZSE:301500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guangdong Feinan Resources Recycling Co Ltd (SZSE:301500) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3-6, Dachong Section, Guihe Road, Lishui Town, Nanhai, Guangdong, Foshan, CHN, 526233

Website

https://www.feinanresources.com

Guangdong Feinan Resources Recycling Co Ltd is mainly engaged in the disposal of non-ferrous metal hazardous waste and the recycling of renewable resources. It is an environmental protection enterprise covering hazardous waste collection, harmless disposal, and resource recycling. The company applies traditional metallurgical technology to the non-ferrous metal hazardous waste disposal and utilization business. It can combine different batches of hazardous waste with low metal grade and different impurity content with copper-containing materials and adopt leading process technology to ultimately produce electrolytic copper, and ice Copper, anode slime and other resource-based products can truly realize resource regeneration and turn waste into treasure.

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