Fujian Septwolves Industry Co (SZSE:002029) Receivables Turnover : 2.28 (As of Mar. 2024)

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What is Fujian Septwolves Industry 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. Fujian Septwolves Industry Co's Revenue for the three months ended in Mar. 2024 was ¥893 Mil. Fujian Septwolves Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥392 Mil. Hence, Fujian Septwolves Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.28.

Fujian Septwolves Industry Co Receivables Turnover Historical Data

The historical data trend for Fujian Septwolves Industry 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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Fujian Septwolves Industry Co Receivables Turnover Chart

Fujian Septwolves Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.72

8.35

9.38

8.96

9.58

Fujian Septwolves Industry 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															2.43	1.88	2.43	2.73	2.28

Competitive Comparison of Fujian Septwolves Industry Co's Receivables Turnover

For the Apparel Manufacturing subindustry, Fujian Septwolves Industry 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.

Fujian Septwolves Industry Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fujian Septwolves Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fujian Septwolves Industry Co's Receivables Turnover falls into.

Fujian Septwolves Industry Co Receivables Turnover Calculation

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

Fujian Septwolves Industry 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 )
=	3444.735	/ (	(356.781	+	362.68)	/	2 )
=	3444.735	/	359.7305
=	9.58

Fujian Septwolves Industry 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 )
=	892.903	/ (	(362.68	+	421.208)	/	2 )
=	892.903	/	391.944
=	2.28

Fujian Septwolves Industry Co (SZSE:002029) 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.

Fujian Septwolves Industry Co Receivables Turnover Related Terms

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Fujian Septwolves Industry Co (SZSE:002029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fujian Septwolves Industry Co Ltd (SZSE:002029) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Jinjing Town, South Industrial Zone, Fujian Province, Jinjiang, CHN, 362251

Website

http://www.septwolves.com

Fujian Septwolves Industry Co Ltd is a China-based company operates in the apparel division. It is involved in the design, production, and sale of men's clothing such as jackets, suits, coats and other accessories. These products are offered under various brands which include Septwolves, Wolf Totem, 16N, OWOOO, Mark Fairwhale, Karl Lagerfeld, and Dancing Wolves.

Executives

Zhou Shao Xiong	Directors, executives
Zhou Shao Ming	Director
Zhou Yong Wei	Director
Wu Xing Qun	Directors, executives
Hong Qing Hai	Director
Shi Yu Zhu	Supervisors
Luo Long Xiang	Supervisors
Qi Shu Jie	Independent director
Li Qiang	Executives
Dai Yi Yi	Director

Fujian Septwolves Industry Co (SZSE:002029) Headlines

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