Jiangsu Leadmicro Nano Technology Co (SHSE:688147) Receivables Turnover : 0.53 (As of Mar. 2024)

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What is Jiangsu Leadmicro Nano Technology 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. Jiangsu Leadmicro Nano Technology Co's Revenue for the three months ended in Mar. 2024 was ¥171 Mil. Jiangsu Leadmicro Nano Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥325 Mil. Hence, Jiangsu Leadmicro Nano Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.53.

Jiangsu Leadmicro Nano Technology Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Leadmicro Nano Technology 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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Jiangsu Leadmicro Nano Technology Co Receivables Turnover Chart

Jiangsu Leadmicro Nano Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.76

7.11

7.31

4.36

5.52

Jiangsu Leadmicro Nano Technology Co Quarterly Data
	Dec17	Dec18	Mar19	Dec19	Mar20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													0.37	1.22	1.98	1.90	0.53

Competitive Comparison of Jiangsu Leadmicro Nano Technology Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Jiangsu Leadmicro Nano Technology 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.

Jiangsu Leadmicro Nano Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Leadmicro Nano Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Leadmicro Nano Technology Co's Receivables Turnover falls into.

Jiangsu Leadmicro Nano Technology Co Receivables Turnover Calculation

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

Jiangsu Leadmicro Nano Technology 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 )
=	1679.721	/ (	(233.797	+	375.185)	/	2 )
=	1679.721	/	304.491
=	5.52

Jiangsu Leadmicro Nano Technology 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 )
=	170.695	/ (	(375.185	+	274.593)	/	2 )
=	170.695	/	324.889
=	0.53

Jiangsu Leadmicro Nano Technology Co (SHSE:688147) 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.

Jiangsu Leadmicro Nano Technology Co Receivables Turnover Related Terms

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Jiangsu Leadmicro Nano Technology Co (SHSE:688147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Leadmicro Nano Technology Co Ltd (SHSE:688147) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11 Lijiang Road, Xinwu District, Jiangsu Province, Wuxi, CHN, 214000

Website

https://www.leadmicro.com/

Jiangsu Leadmicro Nano Technology Co Ltd is engaged in the research and development, production and sales of advanced micro- and nano-scale thin film deposition equipment. Its main products are semiconductors and pan-semiconductor ALD equipment and technology, as well as thin-film equipment and mass production solutions for flexible electronics and new generation of high-efficiency solar cells.

Executives

Wu Xing Hua

Core technical personnel

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