What is Xinyi Glass Holdings 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. Xinyi Glass Holdings's Revenue for the
six
months ended in Dec. 2023 was $1,815 Mil. Xinyi Glass Holdings's average Accounts Receivable for the
six
months ended in Dec. 2023 was $229 Mil.
Hence, Xinyi Glass Holdings's Receivables Turnover for the
six
months ended in Dec. 2023 was 7.94.
Xinyi Glass Holdings Receivables Turnover Historical Data
The historical data trend for Xinyi Glass Holdings'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.
Competitive Comparison of Xinyi Glass Holdings's Receivables Turnover
For the Building Materials subindustry, Xinyi Glass Holdings'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.
Xinyi Glass Holdings's Receivables Turnover Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Xinyi Glass Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Xinyi Glass Holdings's Receivables Turnover falls into.
* 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.
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.
Xinyi Glass Holdings Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Xinyi Glass Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Xinyi Glass Holdings (Xinyi Glass Holdings) Business Description
Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products and a variety of related products in the PRC and Malaysia. It produces and sells range of glass products, including automobile glass, energy-saving architectural glass, high-quality float glass and other glass products for different commercial and industrial applications. Its glass products are sold to customers in over 140 countries and territories, including the PRC, Hong Kong, the United States, Canada, Australia, New Zealand and countries in Asia, the Middle East, Europe, Africa, and America. Its segments include float glass; automobile glass; and architectural glass out of which the float glass segment accounts for the majority of revenue.
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