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Zhejiang Natural Outdoor Goods (SHSE:605080) Receivables Turnover : 1.56 (As of Mar. 2024)


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What is Zhejiang Natural Outdoor Goods 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. Zhejiang Natural Outdoor Goods's Revenue for the three months ended in Mar. 2024 was ¥273.5 Mil. Zhejiang Natural Outdoor Goods's average Accounts Receivable for the three months ended in Mar. 2024 was ¥174.8 Mil. Hence, Zhejiang Natural Outdoor Goods's Receivables Turnover for the three months ended in Mar. 2024 was 1.56.


Zhejiang Natural Outdoor Goods Receivables Turnover Historical Data

The historical data trend for Zhejiang Natural Outdoor Goods'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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Zhejiang Natural Outdoor Goods Receivables Turnover Chart

Zhejiang Natural Outdoor Goods Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 7.33 6.82 7.52 7.22 6.15

Zhejiang Natural Outdoor Goods Quarterly Data
Dec18 Jun19 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 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 Premium Member Only 1.46 1.23 0.70 1.13 1.56

Competitive Comparison of Zhejiang Natural Outdoor Goods's Receivables Turnover

For the Leisure subindustry, Zhejiang Natural Outdoor Goods'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.


Zhejiang Natural Outdoor Goods's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Zhejiang Natural Outdoor Goods's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Natural Outdoor Goods's Receivables Turnover falls into.



Zhejiang Natural Outdoor Goods Receivables Turnover Calculation

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

Zhejiang Natural Outdoor Goods'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 )
=823.316 / ((132.043 + 135.793) / 2 )
=823.316 / 133.918
=6.15

Zhejiang Natural Outdoor Goods'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 )
=273.494 / ((135.793 + 213.877) / 2 )
=273.494 / 174.835
=1.56

* 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.


Zhejiang Natural Outdoor Goods  (SHSE:605080) 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.


Zhejiang Natural Outdoor Goods Receivables Turnover Related Terms

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Zhejiang Natural Outdoor Goods (SHSE:605080) Business Description

Traded in Other Exchanges
N/A
Address
Xiacao Village, Pingqiao Town, Tiantai County, Zhejiang Province, Taizhou, CHN, 317203
Zhejiang Nature Outdoor Products Co Ltd is engaged in the research and development, design, production and sales of outdoor sports products such as inflatable mattresses, outdoor luggage, headrest cushions and others.

Zhejiang Natural Outdoor Goods (SHSE:605080) Headlines

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