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Shanghai Smart Control Co (SZSE:001266) Receivables Turnover : 0.49 (As of Mar. 2024)


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What is Shanghai Smart Control 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 Smart Control Co's Revenue for the three months ended in Mar. 2024 was ¥90.2 Mil. Shanghai Smart Control Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥184.3 Mil. Hence, Shanghai Smart Control Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.49.


Shanghai Smart Control Co Receivables Turnover Historical Data

The historical data trend for Shanghai Smart Control 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 Smart Control Co Receivables Turnover Chart

Shanghai Smart Control Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 4.97 4.60 4.80 4.06 3.12

Shanghai Smart Control Co Quarterly Data
Dec18 Dec19 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 0.84 0.74 0.61 0.84 0.49

Competitive Comparison of Shanghai Smart Control Co's Receivables Turnover

For the Electronic Components subindustry, Shanghai Smart Control 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 Smart Control Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanghai Smart Control Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Smart Control Co's Receivables Turnover falls into.



Shanghai Smart Control Co Receivables Turnover Calculation

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

Shanghai Smart Control 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 )
=400.303 / ((110.244 + 146.003) / 2 )
=400.303 / 128.1235
=3.12

Shanghai Smart Control 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 )
=90.217 / ((146.003 + 222.584) / 2 )
=90.217 / 184.2935
=0.49

* 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.


Shanghai Smart Control Co  (SZSE:001266) 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 Smart Control Co Receivables Turnover Related Terms

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Shanghai Smart Control Co (SZSE:001266) Business Description

Traded in Other Exchanges
N/A
Address
No. 4268, Zhennan Road, Room J11387, Building 2, Jiading District, Shanghai, CHN, 201802
Shanghai Smart Control Co Ltd is engaged in the research and development, production and sales of intelligent electronic control products and intelligent electronic control assemblies.

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