Wecome Intelligent Manufacturing Co (SHSE:603070) Receivables Turnover : 0.57 (As of Mar. 2024)

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What is Wecome Intelligent Manufacturing 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. Wecome Intelligent Manufacturing Co's Revenue for the three months ended in Mar. 2024 was ¥434 Mil. Wecome Intelligent Manufacturing Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥758 Mil. Hence, Wecome Intelligent Manufacturing Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.57.

Wecome Intelligent Manufacturing Co Receivables Turnover Historical Data

The historical data trend for Wecome Intelligent Manufacturing 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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Wecome Intelligent Manufacturing Co Receivables Turnover Chart

Wecome Intelligent Manufacturing Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.34

4.39

4.71

3.83

3.56

Wecome Intelligent Manufacturing Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											0.60	0.67	0.62	0.68	0.57

Competitive Comparison of Wecome Intelligent Manufacturing Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Wecome Intelligent Manufacturing 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.

Wecome Intelligent Manufacturing Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wecome Intelligent Manufacturing Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wecome Intelligent Manufacturing Co's Receivables Turnover falls into.

Wecome Intelligent Manufacturing Co Receivables Turnover Calculation

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

Wecome Intelligent Manufacturing 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 )
=	2292.415	/ (	(629.152	+	657.517)	/	2 )
=	2292.415	/	643.3345
=	3.56

Wecome Intelligent Manufacturing 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 )
=	433.875	/ (	(657.517	+	858.4)	/	2 )
=	433.875	/	757.9585
=	0.57

Wecome Intelligent Manufacturing Co (SHSE:603070) 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.

Wecome Intelligent Manufacturing Co Receivables Turnover Related Terms

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Wecome Intelligent Manufacturing Co (SHSE:603070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wecome Intelligent Manufacturing Co Ltd (SHSE:603070) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Wenzhou Bridge Industrial Park, Wankong Intelligent Manufacturing Building, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325600

Website

http://www.wecome.com.cn

Wecome Intelligent Manufacturing Co Ltd is engaged in the research and development, production and sales of distribution switch control equipment.

Executives

Hu Jie Mei	senior management
Zheng Jian Feng	senior management

Wecome Intelligent Manufacturing Co (SHSE:603070) Headlines

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