Jiujiang Defu Technology Co (SZSE:301511) Receivables Turnover : 0.76 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Jiujiang Defu 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. Jiujiang Defu Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,191 Mil. Jiujiang Defu Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,565 Mil. Hence, Jiujiang Defu Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.76.

Jiujiang Defu Technology Co Receivables Turnover Historical Data

The historical data trend for Jiujiang Defu 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.

* Premium members only.

Jiujiang Defu Technology Co Receivables Turnover Chart

Jiujiang Defu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

9.40

6.32

8.98

8.50

4.98

Jiujiang Defu 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									1.29	1.38	1.31	0.92	0.76

Competitive Comparison of Jiujiang Defu Technology Co's Receivables Turnover

For the Copper subindustry, Jiujiang Defu 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.

Jiujiang Defu Technology Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiujiang Defu Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiujiang Defu Technology Co's Receivables Turnover falls into.

Jiujiang Defu Technology Co Receivables Turnover Calculation

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

Jiujiang Defu 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 )
=	6531.324	/ (	(921.213	+	1700.48)	/	2 )
=	6531.324	/	1310.8465
=	4.98

Jiujiang Defu 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 )
=	1190.527	/ (	(1700.48	+	1428.942)	/	2 )
=	1190.527	/	1564.711
=	0.76

Jiujiang Defu Technology Co (SZSE:301511) 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.

Jiujiang Defu Technology Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Jiujiang Defu Technology Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiujiang Defu Technology Co (SZSE:301511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiujiang Defu Technology Co Ltd (SZSE:301511) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 15, Shunyi Road, Automobile Industrial Park, Development Zone, Jiangxi Province, Jiujiang, CHN, 332005

Website

http://www.jjdefu.com

Jiujiang Defu Technology Co Ltd is engaged in the research and development, production and sales of various high-performance electrolytic copper foils. The products mainly include various high-performance lithium battery copper foils and electronic circuit copper foils.

Jiujiang Defu Technology Co (SZSE:301511) Headlines

No Headlines