Sailun Group Co (SHSE:601058) Receivables Turnover : 1.95 (As of Mar. 2024)

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What is Sailun 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. Sailun Group Co's Revenue for the three months ended in Mar. 2024 was ¥7,296 Mil. Sailun Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,736 Mil. Hence, Sailun Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.95.

Sailun Group Co Receivables Turnover Historical Data

The historical data trend for Sailun 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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Sailun Group Co Receivables Turnover Chart

Sailun Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.14

8.92

8.47

8.63

8.53

Sailun 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															1.90	2.01	2.10	1.95	1.95

Competitive Comparison of Sailun Group Co's Receivables Turnover

For the Auto Parts subindustry, Sailun 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.

Sailun Group Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sailun Group Co's Receivables Turnover distribution charts can be found below:

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

Sailun Group Co Receivables Turnover Calculation

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

Sailun 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 )
=	25978.259	/ (	(2714.303	+	3376.48)	/	2 )
=	25978.259	/	3045.3915
=	8.53

Sailun 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 )
=	7295.784	/ (	(3376.48	+	4096.455)	/	2 )
=	7295.784	/	3736.4675
=	1.95

Sailun Group Co (SHSE:601058) 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.

Sailun Group Co Receivables Turnover Related Terms

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Sailun Group Co (SHSE:601058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sailun Group Co Ltd (SHSE:601058) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.43, Rubber Valley, Zhengzhou Road, Building B, Shibei District, Shandong, Qingdao, CHN, 266045

Website

http://www.sailuntyre.com

Sailun Group Co Ltd is a Chinese company engaged in the research, development, and manufacturing of radial tires and its related manufacturing technology such as management and control network system and computer systems in China. It offers passenger car tires, card passenger tires, and special tires. The company provides tires in the car series, SUV series, racing series, truck tire series, bus tire series, agricultural tires, among others. Its products are sold in China and other countries.

Executives

Yuan Zhong Xue	Director
Zhou Ru Gang	senior management
Zhou Tian Ming	senior management
Zhou Bo	senior management
Zhu Xiao Bing	senior management
Zhou Sheng Yun	senior management
Zhang Bi Shu	Director
Wang Jian Ye	Directors, senior managers
Liu Yan Hua	senior management
Xie Xiao Hong	senior management
Song Jun	Directors, senior managers
Yan Wan Hua	Director
Du Yu Dai	Director

Sailun Group Co (SHSE:601058) Headlines

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