Ningxia Buliding Materials Group Co (SHSE:600449) Receivables Turnover : 0.82 (As of Mar. 2024)

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What is Ningxia Buliding Materials Group 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. Ningxia Buliding Materials Group Co's Revenue for the three months ended in Mar. 2024 was ¥1,567 Mil. Ningxia Buliding Materials Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,904 Mil. Hence, Ningxia Buliding Materials Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.82.

Ningxia Buliding Materials Group Co Receivables Turnover Historical Data

The historical data trend for Ningxia Buliding Materials Group 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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Ningxia Buliding Materials Group Co Receivables Turnover Chart

Ningxia Buliding Materials Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.30

10.44

9.12

7.47

6.04

Ningxia Buliding Materials Group 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															0.73	1.91	1.62	1.41	0.82

Competitive Comparison of Ningxia Buliding Materials Group Co's Receivables Turnover

For the Building Materials subindustry, Ningxia Buliding Materials Group 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.

Ningxia Buliding Materials Group Co's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ningxia Buliding Materials Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ningxia Buliding Materials Group Co's Receivables Turnover falls into.

Ningxia Buliding Materials Group Co Receivables Turnover Calculation

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

Ningxia Buliding Materials Group 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 )
=	10410.061	/ (	(1558.752	+	1885.871)	/	2 )
=	10410.061	/	1722.3115
=	6.04

Ningxia Buliding Materials Group 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 )
=	1566.593	/ (	(1885.871	+	1923.057)	/	2 )
=	1566.593	/	1904.464
=	0.82

Ningxia Buliding Materials Group Co (SHSE:600449) 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.

Ningxia Buliding Materials Group Co Receivables Turnover Related Terms

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Ningxia Buliding Materials Group Co (SHSE:600449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ningxia Buliding Materials Group Co Ltd (SHSE:600449) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

2 kilometers from Xinxiao Line, Ningxia Hui Autonomous Region, Xixia District, Yinchuan, CHN, 750021

Website

http://www.saimasy.com.cn

Ningxia Building Materials Group Co Ltd is engaged in research and development, production, sales, technical services and management services of cement, cement products, cement clinker, commercial concrete and related products. The company also engaged in import and export business of building materials products and related technology import and export business Production and sales of fly ash.

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