Shanghai Daimay Automotive Interior Co (SHSE:603730) Receivables Turnover : 1.54 (As of Mar. 2024)

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What is Shanghai Daimay Automotive Interior 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. Shanghai Daimay Automotive Interior Co's Revenue for the three months ended in Mar. 2024 was ¥1,589 Mil. Shanghai Daimay Automotive Interior Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,031 Mil. Hence, Shanghai Daimay Automotive Interior Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.54.

Shanghai Daimay Automotive Interior Co Receivables Turnover Historical Data

The historical data trend for Shanghai Daimay Automotive Interior 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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Shanghai Daimay Automotive Interior Co Receivables Turnover Chart

Shanghai Daimay Automotive Interior Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.74

4.55

5.06

5.80

5.73

Shanghai Daimay Automotive Interior 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															1.30	1.34	1.28	1.28	1.54

Competitive Comparison of Shanghai Daimay Automotive Interior Co's Receivables Turnover

For the Auto Parts subindustry, Shanghai Daimay Automotive Interior 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.

Shanghai Daimay Automotive Interior Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Daimay Automotive Interior Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Daimay Automotive Interior Co's Receivables Turnover falls into.

Shanghai Daimay Automotive Interior Co Receivables Turnover Calculation

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

Shanghai Daimay Automotive Interior 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 )
=	5861.304	/ (	(1016.79	+	1030.185)	/	2 )
=	5861.304	/	1023.4875
=	5.73

Shanghai Daimay Automotive Interior 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 )
=	1589.269	/ (	(1030.185	+	1031.883)	/	2 )
=	1589.269	/	1031.034
=	1.54

Shanghai Daimay Automotive Interior Co (SHSE:603730) 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.

Shanghai Daimay Automotive Interior Co Receivables Turnover Related Terms

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Shanghai Daimay Automotive Interior Co (SHSE:603730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Daimay Automotive Interior Co Ltd (SHSE:603730) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.1299, lianxi Road, Beicai Industrial Park, Pudong New District, Shanghai, CHN, 201204

Website

http://www.daimay.com

Shanghai Daimay Automotive Interior Co Ltd is engaged in the production and sale of passenger car components. Its suite of products comprises of visors, steering wheels, headrests, consoles and others. It offers services to the foreign mainstream vehicle such as GM, Ford, Chrysler, Volkswagen, PSA, Mitsubishi Fuso, as well as Chinese (Domestic) automakers which include SAIC, FAW, Dongfeng, Chery and Great Wall.

Executives

Xiao Chuan Long	Director
Lu Bei Jun	Supervisors
Qiu Cai Bo	Supervisors
Jiang Yin Tai	Director
Ye Chun Lei	Director
Jiang Ming	Director
Li Xue Quan	Supervisors
Zhu Cai You	Director
Jiang Jie	Director

Shanghai Daimay Automotive Interior Co (SHSE:603730) Headlines

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