Guizhou Zhenhua E-chem (SHSE:688707) Receivables Turnover : 0.58 (As of Mar. 2024)

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What is Guizhou Zhenhua E-chem 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. Guizhou Zhenhua E-chem's Revenue for the three months ended in Mar. 2024 was ¥636 Mil. Guizhou Zhenhua E-chem's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,093 Mil. Hence, Guizhou Zhenhua E-chem's Receivables Turnover for the three months ended in Mar. 2024 was 0.58.

Guizhou Zhenhua E-chem Receivables Turnover Historical Data

The historical data trend for Guizhou Zhenhua E-chem'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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Guizhou Zhenhua E-chem Receivables Turnover Chart

Guizhou Zhenhua E-chem Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.17

2.33

7.69

11.01

4.69

Guizhou Zhenhua E-chem 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														1.45	1.24	2.01	1.24	0.58

Competitive Comparison of Guizhou Zhenhua E-chem's Receivables Turnover

For the Chemicals subindustry, Guizhou Zhenhua E-chem'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.

Guizhou Zhenhua E-chem's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guizhou Zhenhua E-chem's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guizhou Zhenhua E-chem's Receivables Turnover falls into.

Guizhou Zhenhua E-chem Receivables Turnover Calculation

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

Guizhou Zhenhua E-chem'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 )
=	6875.737	/ (	(1566.77	+	1368.069)	/	2 )
=	6875.737	/	1467.4195
=	4.69

Guizhou Zhenhua E-chem'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 )
=	636.345	/ (	(1368.069	+	818.547)	/	2 )
=	636.345	/	1093.308
=	0.58

Guizhou Zhenhua E-chem (SHSE:688707) 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.

Guizhou Zhenhua E-chem Receivables Turnover Related Terms

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Guizhou Zhenhua E-chem (SHSE:688707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guizhou Zhenhua E-chem Inc (SHSE:688707) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 1, Gaokua Road, Baiyun District, Guizhou Province, Guiyang, CHN, 550016

Website

http://www.zh-echem.com

Guizhou Zhenhua E-chem Inc is engaged in the research and development, production and sales of cathode materials for lithium-ion batteries.

Executives

Zhou Chao Yi	Core technical personnel
Xiang Qian Xin	Directors, senior managers, core technical personn
Li Lu	Core technical personnel

Guizhou Zhenhua E-chem (SHSE:688707) Headlines

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