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Anhui Deli Household Glass Co (SZSE:002571) Receivables Turnover : 2.72 (As of Mar. 2024)


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What is Anhui Deli Household Glass 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. Anhui Deli Household Glass Co's Revenue for the three months ended in Mar. 2024 was ¥366 Mil. Anhui Deli Household Glass Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥135 Mil. Hence, Anhui Deli Household Glass Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.72.


Anhui Deli Household Glass Co Receivables Turnover Historical Data

The historical data trend for Anhui Deli Household Glass 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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Anhui Deli Household Glass Co Receivables Turnover Chart

Anhui Deli Household Glass Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.99 6.39 8.44 9.47 10.88

Anhui Deli Household Glass 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.31 2.35 2.51 2.94 2.72

Competitive Comparison of Anhui Deli Household Glass Co's Receivables Turnover

For the Household & Personal Products subindustry, Anhui Deli Household Glass 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.


Anhui Deli Household Glass Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Anhui Deli Household Glass Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Anhui Deli Household Glass Co's Receivables Turnover falls into.



Anhui Deli Household Glass Co Receivables Turnover Calculation

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

Anhui Deli Household Glass 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 )
=1328.746 / ((120.54 + 123.808) / 2 )
=1328.746 / 122.174
=10.88

Anhui Deli Household Glass 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 )
=366.397 / ((123.808 + 145.709) / 2 )
=366.397 / 134.7585
=2.72

* 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.


Anhui Deli Household Glass Co  (SZSE:002571) 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.


Anhui Deli Household Glass Co Receivables Turnover Related Terms

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Anhui Deli Household Glass Co (SZSE:002571) Business Description

Traded in Other Exchanges
N/A
Address
Fengyang County Industrial Park, Anhui, Cangzhou, CHN, 233121
Anhui Deli Household Glass Co Ltd operates in glassware industry. The company is engaged in the manufacture and production of glassware products.
Executives
Peng Yu Xi Executives
Wei Shu Yun Supervisors
Yu Le Directors, Directors, and Executives
Shi Wei Dong Directors, executives
Peng Yi Director
Zhou Wei Zhong Executives
Huang Xiao Zu Supervisors
Yu Zhi Chun Directors, executives
Zhang Da Directors, executives
Zhang Bo Ping Director
Xiao Hu Director

Anhui Deli Household Glass Co (SZSE:002571) Headlines

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