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Shenzhen Silver Basis Technology Co (SZSE:002786) Receivables Turnover : 1.29 (As of Mar. 2024)


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What is Shenzhen Silver Basis Technology 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. Shenzhen Silver Basis Technology Co's Revenue for the three months ended in Mar. 2024 was ¥531 Mil. Shenzhen Silver Basis Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥412 Mil. Hence, Shenzhen Silver Basis Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.29.


Shenzhen Silver Basis Technology Co Receivables Turnover Historical Data

The historical data trend for Shenzhen Silver Basis Technology 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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Shenzhen Silver Basis Technology Co Receivables Turnover Chart

Shenzhen Silver Basis Technology 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 4.23 5.56 4.46 4.65 4.63

Shenzhen Silver Basis Technology 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 1.19 1.17 1.22 1.30 1.29

Competitive Comparison of Shenzhen Silver Basis Technology Co's Receivables Turnover

For the Metal Fabrication subindustry, Shenzhen Silver Basis Technology 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.


Shenzhen Silver Basis Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Silver Basis Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen Silver Basis Technology Co's Receivables Turnover falls into.



Shenzhen Silver Basis Technology Co Receivables Turnover Calculation

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

Shenzhen Silver Basis Technology 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 )
=2321.851 / ((558.058 + 445.432) / 2 )
=2321.851 / 501.745
=4.63

Shenzhen Silver Basis Technology 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 )
=531.214 / ((445.432 + 377.63) / 2 )
=531.214 / 411.531
=1.29

* 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.


Shenzhen Silver Basis Technology Co  (SZSE:002786) 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.


Shenzhen Silver Basis Technology Co Receivables Turnover Related Terms

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Shenzhen Silver Basis Technology Co (SZSE:002786) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Jianxing Road, Shiyan Street, Luofang Community, Baoan District, Guangdong, Shenzhen, CHN, 518108
Shenzhen Silver Basis Technology Co Ltd is engaged in the development of precision mold. It includes automotive molds and parts, intelligent manufacturing services, hot runner control systems, industrial design.
Executives
Wei Jun Jun Executives
Huang Fu Sheng Directors, executives
Hu Zuo Huan Directors, executives
Shi Zhi Jian Executives

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