Dehua Tb New Decoration Material Co (SZSE:002043) Receivables Turnover : 1.33 (As of Mar. 2024)

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What is Dehua Tb New Decoration Material 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. Dehua Tb New Decoration Material Co's Revenue for the three months ended in Mar. 2024 was ¥1,483 Mil. Dehua Tb New Decoration Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,118 Mil. Hence, Dehua Tb New Decoration Material Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.33.

Dehua Tb New Decoration Material Co Receivables Turnover Historical Data

The historical data trend for Dehua Tb New Decoration Material 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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Dehua Tb New Decoration Material Co Receivables Turnover Chart

Dehua Tb New Decoration Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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44.50

13.07

8.68

6.67

7.23

Dehua Tb New Decoration Material 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															0.85	1.76	2.10	2.92	1.33

Competitive Comparison of Dehua Tb New Decoration Material Co's Receivables Turnover

For the Lumber & Wood Production subindustry, Dehua Tb New Decoration Material 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.

Dehua Tb New Decoration Material Co's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Dehua Tb New Decoration Material Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dehua Tb New Decoration Material Co's Receivables Turnover falls into.

Dehua Tb New Decoration Material Co Receivables Turnover Calculation

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

Dehua Tb New Decoration Material 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 )
=	9062.859	/ (	(1376.07	+	1129.69)	/	2 )
=	9062.859	/	1252.88
=	7.23

Dehua Tb New Decoration Material 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 )
=	1482.677	/ (	(1129.69	+	1105.399)	/	2 )
=	1482.677	/	1117.5445
=	1.33

Dehua Tb New Decoration Material Co (SZSE:002043) 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.

Dehua Tb New Decoration Material Co Receivables Turnover Related Terms

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Dehua Tb New Decoration Material Co (SZSE:002043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Dehua Tb New Decoration Material Co Ltd (SZSE:002043) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Luoshe Town Industrial Zone, Deqing County, Zhejiang Province, Huzhou, CHN, 313200

Website

http://www.tubaobao.com

Dehua Tb New Decoration Material Co Ltd is a China-based decorative plywood manufacturer. Its product portfolio comprises veneers, plywood, flitches, wooden doors, adhesive products, raw wood and single boards, and others. The company sells its products in China and also exports it to the other international countries.

Executives

Lu Li Hua	Directors, executives
Ding Guan Fen	Supervisors
Ni Liu Shun	Executives
Yao Yan Ying	Supervisors
Yao Hong Xia	Directors, executives
Zhuo Yan	Executives
Xu Jun	Directors, Directors, and Executives
Zhang Qi Sheng	Independent director
Sun Chao Kun	Executives
Wang Bin Bin	Executives

Dehua Tb New Decoration Material Co (SZSE:002043) Headlines

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