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Sichuan Kexin Mechanical and Electrical Equipment Co (SZSE:300092) Receivables Turnover : 0.85 (As of Mar. 2024)


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What is Sichuan Kexin Mechanical and Electrical Equipment 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. Sichuan Kexin Mechanical and Electrical Equipment Co's Revenue for the three months ended in Mar. 2024 was ¥275 Mil. Sichuan Kexin Mechanical and Electrical Equipment Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥324 Mil. Hence, Sichuan Kexin Mechanical and Electrical Equipment Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.85.


Sichuan Kexin Mechanical and Electrical Equipment Co Receivables Turnover Historical Data

The historical data trend for Sichuan Kexin Mechanical and Electrical Equipment 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.

* Premium members only.

Sichuan Kexin Mechanical and Electrical Equipment Co Receivables Turnover Chart

Sichuan Kexin Mechanical and Electrical Equipment 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 2.92 5.20 5.10 4.19 4.58

Sichuan Kexin Mechanical and Electrical Equipment 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 1.15 1.07 1.17 1.00 0.85

Competitive Comparison of Sichuan Kexin Mechanical and Electrical Equipment Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Sichuan Kexin Mechanical and Electrical Equipment 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.


Sichuan Kexin Mechanical and Electrical Equipment Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sichuan Kexin Mechanical and Electrical Equipment Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sichuan Kexin Mechanical and Electrical Equipment Co's Receivables Turnover falls into.



Sichuan Kexin Mechanical and Electrical Equipment Co Receivables Turnover Calculation

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

Sichuan Kexin Mechanical and Electrical Equipment 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 )
=1496.826 / ((316.467 + 337.799) / 2 )
=1496.826 / 327.133
=4.58

Sichuan Kexin Mechanical and Electrical Equipment 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 )
=275.441 / ((337.799 + 310.764) / 2 )
=275.441 / 324.2815
=0.85

* 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.


Sichuan Kexin Mechanical and Electrical Equipment Co  (SZSE:300092) 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.


Sichuan Kexin Mechanical and Electrical Equipment Co Receivables Turnover Related Terms

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Sichuan Kexin Mechanical and Electrical Equipment Co (SZSE:300092) Business Description

Traded in Other Exchanges
N/A
Address
No.21 Western Tuojiang Road, Economic Development Zone, Shifang, Sichuan, Deyang, CHN, 608407
Sichuan Kexin Mechanical and Electrical Equipment Co Ltd designs, manufactures, installs and sells pressure vessels.
Executives
Qiang Kai Director
Yang Duo Rong Secretary Dong
Tang Kai Director
Li Yong Directors, executives
Ceng Xiao Wei Securities Affairs Representative
Lin Zhen Rong Director
Lin Zhen Hua Director
Li Chun Qi Executives
Tang Wang Guo Supervisors
Wang Xiao Ming Directors, executives
Chen Fang Director
Zhao Pi Long Director

Sichuan Kexin Mechanical and Electrical Equipment Co (SZSE:300092) Headlines

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