Lizhong Sitong Light Alloys Group Co (SZSE:300428) Receivables Turnover : 1.45 (As of Mar. 2024)

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What is Lizhong Sitong Light Alloys Group 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. Lizhong Sitong Light Alloys Group Co's Revenue for the three months ended in Mar. 2024 was ¥5,967 Mil. Lizhong Sitong Light Alloys Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥4,125 Mil. Hence, Lizhong Sitong Light Alloys Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.45.

Lizhong Sitong Light Alloys Group Co Receivables Turnover Historical Data

The historical data trend for Lizhong Sitong Light Alloys Group 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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Lizhong Sitong Light Alloys Group Co Receivables Turnover Chart

Lizhong Sitong Light Alloys Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.01

5.35

6.20

6.22

6.18

Lizhong Sitong Light Alloys Group 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															1.41	1.45	1.48	1.51	1.45

Competitive Comparison of Lizhong Sitong Light Alloys Group Co's Receivables Turnover

For the Aluminum subindustry, Lizhong Sitong Light Alloys Group 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.

Lizhong Sitong Light Alloys Group Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lizhong Sitong Light Alloys Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lizhong Sitong Light Alloys Group Co's Receivables Turnover falls into.

Lizhong Sitong Light Alloys Group Co Receivables Turnover Calculation

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

Lizhong Sitong Light Alloys Group 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 )
=	23364.865	/ (	(3524.55	+	4032.412)	/	2 )
=	23364.865	/	3778.481
=	6.18

Lizhong Sitong Light Alloys Group 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 )
=	5966.821	/ (	(4032.412	+	4217.924)	/	2 )
=	5966.821	/	4125.168
=	1.45

Lizhong Sitong Light Alloys Group Co (SZSE:300428) 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.

Lizhong Sitong Light Alloys Group Co Receivables Turnover Related Terms

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Lizhong Sitong Light Alloys Group Co (SZSE:300428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lizhong Sitong Light Alloys Group Co Ltd (SZSE:300428) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 359, West Development Road, Qingyuan District, Baoding, CHN, 071100

Website

http://www.stnm.com.cn

Lizhong Sitong Light Alloys Group Co Ltd formerly Hebei Sitong New Metal Material Co Ltd is specialized in Research and Development, manufacturing and sales of functional intermediate alloys such as metal grain refinement, metallographic deterioration, element addition and metal purification. Its products include Aluminum base alloy, Magnesium based master alloy, Zinc-based intermediate alloy and Copper base alloy. Its main objective is to research and manufacture aluminum-based steel and aluminum-based copper materials, to promote the light weight of automobiles, rail transit, aerospace materials and the performance of electrical and electronic products.

Executives

Zang Yong Jian	Director
Zang Li Guo	Director
Zang Yong Yi	Director
Zang Yong Xing	Director
Wang Qing	Executives

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