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Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Receivables Turnover : 0.53 (As of Mar. 2024)


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What is Guangdong Create Century Intelligent Equipment Group 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. Guangdong Create Century Intelligent Equipment Group's Revenue for the three months ended in Mar. 2024 was ¥856 Mil. Guangdong Create Century Intelligent Equipment Group's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,620 Mil. Hence, Guangdong Create Century Intelligent Equipment Group's Receivables Turnover for the three months ended in Mar. 2024 was 0.53.


Guangdong Create Century Intelligent Equipment Group Receivables Turnover Historical Data

The historical data trend for Guangdong Create Century Intelligent Equipment Group'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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Guangdong Create Century Intelligent Equipment Group Receivables Turnover Chart

Guangdong Create Century Intelligent Equipment Group 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 3.66 2.77 4.82 3.45 2.28

Guangdong Create Century Intelligent Equipment Group 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 0.66 0.51 0.43 0.47 0.53

Competitive Comparison of Guangdong Create Century Intelligent Equipment Group's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Guangdong Create Century Intelligent Equipment Group'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.


Guangdong Create Century Intelligent Equipment Group's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Create Century Intelligent Equipment Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Create Century Intelligent Equipment Group's Receivables Turnover falls into.



Guangdong Create Century Intelligent Equipment Group Receivables Turnover Calculation

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

Guangdong Create Century Intelligent Equipment Group'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 )
=3529.211 / ((1578.205 + 1515.279) / 2 )
=3529.211 / 1546.742
=2.28

Guangdong Create Century Intelligent Equipment Group'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 )
=856.354 / ((1515.279 + 1724.516) / 2 )
=856.354 / 1619.8975
=0.53

* 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.


Guangdong Create Century Intelligent Equipment Group  (SZSE:300083) 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.


Guangdong Create Century Intelligent Equipment Group Receivables Turnover Related Terms

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Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Business Description

Traded in Other Exchanges
N/A
Address
Weifeng Road, Jinsheng Intelligent Manufacturing Industrial Park, Administrative Office Building, Dongcheng District, Guangdong Province, Dongguan, CHN, 523007
Guangdong Create Century Intelligent Equipment Corp Ltd is engaged in research and development, production, sales and service of high-end intelligent equipment, with a complete range of CNC machine tools, including drilling and tapping machines, vertical machining centers, horizontal machining centers, gantry machining centers, CNC lathes, engraving and milling machines, and glass Series of precision processing equipment such as precision engraving machines, high-light machines, laser cutting machines. It is widely used in the processing of core components in the 5G industry chain, 3C consumer electronics, machinery manufacturing, medical equipment, new energy vehicles, auto parts, construction machinery and other fields.
Executives
Xia Jun Director
Wang Jian Director
Wang Qiong Supervisors
Zhou Qi Chao Directors, executives
Wang En Pei Supervisors
He Hai Jiang Director
Zhou Hong Min Directors, executives
Wang Jiu Quan Director
Fang Rong Shui Executives
Qian Cheng Executives
Yao Zhong Sheng Independent director

Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Headlines

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