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Ningbo Fujia Industrial Co (SHSE:603219) Receivables Turnover : 0.68 (As of Mar. 2024)


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What is Ningbo Fujia Industrial 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. Ningbo Fujia Industrial Co's Revenue for the three months ended in Mar. 2024 was ¥425 Mil. Ningbo Fujia Industrial Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥629 Mil. Hence, Ningbo Fujia Industrial Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.68.


Ningbo Fujia Industrial Co Receivables Turnover Historical Data

The historical data trend for Ningbo Fujia Industrial 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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Ningbo Fujia Industrial Co Receivables Turnover Chart

Ningbo Fujia Industrial Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 4.61 6.44 4.61 4.42 4.09

Ningbo Fujia Industrial Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 1.19 1.34 0.96 0.68

Competitive Comparison of Ningbo Fujia Industrial Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Ningbo Fujia Industrial 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.


Ningbo Fujia Industrial Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ningbo Fujia Industrial Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ningbo Fujia Industrial Co's Receivables Turnover falls into.



Ningbo Fujia Industrial Co Receivables Turnover Calculation

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

Ningbo Fujia Industrial 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 )
=2692.975 / ((548.711 + 769.666) / 2 )
=2692.975 / 659.1885
=4.09

Ningbo Fujia Industrial 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 )
=425.307 / ((769.666 + 488.288) / 2 )
=425.307 / 628.977
=0.68

* 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.


Ningbo Fujia Industrial Co  (SHSE:603219) 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.


Ningbo Fujia Industrial Co Receivables Turnover Related Terms

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Ningbo Fujia Industrial Co (SHSE:603219) Business Description

Traded in Other Exchanges
N/A
Address
No. 303, Chang'an Road, Yangming Stree, Zhejiang Province, Yuyao, CHN, 315400
Ningbo Fujia Industrial Co Ltd is engaged in the research and development, design, production and sales of intelligent cleaning small household appliances such as vacuum cleaners, sweeping robots, and important components such as brushless motors.
Executives
Sun Ya Fang Supervisors
Chen Ang Liang senior management
Huang Jian Long Supervisors
Yu Shi Guo Director
Ying Ying senior management
Shen Xue Jun Supervisors
Luo Jun Bin Directors, senior managers
Tu Zi Qun Directors, senior managers

Ningbo Fujia Industrial Co (SHSE:603219) Headlines

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