Sino Prima Gas Technology Co (SZSE:300483) Receivables Turnover : 12.76 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Sino Prima Gas 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. Sino Prima Gas Technology Co's Revenue for the three months ended in Mar. 2024 was ¥269 Mil. Sino Prima Gas Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥21 Mil. Hence, Sino Prima Gas Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 12.76.

Sino Prima Gas Technology Co Receivables Turnover Historical Data

The historical data trend for Sino Prima Gas 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.

* Premium members only.

Sino Prima Gas Technology Co Receivables Turnover Chart

Sino Prima Gas Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.22

10.15

16.14

21.27

27.91

Sino Prima Gas 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															5.34	7.95	5.72	7.09	12.76

Competitive Comparison of Sino Prima Gas Technology Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Sino Prima Gas 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.

Sino Prima Gas Technology Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sino Prima Gas Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sino Prima Gas Technology Co's Receivables Turnover falls into.

Sino Prima Gas Technology Co Receivables Turnover Calculation

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

Sino Prima Gas 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 )
=	1353.86	/ (	(83.909	+	13.106)	/	2 )
=	1353.86	/	48.5075
=	27.91

Sino Prima Gas 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 )
=	268.842	/ (	(13.106	+	29.027)	/	2 )
=	268.842	/	21.0665
=	12.76

Sino Prima Gas Technology Co (SZSE:300483) 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.

Sino Prima Gas Technology Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Sino Prima Gas Technology Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Sino Prima Gas Technology Co (SZSE:300483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sino Prima Gas Technology Co Ltd (SZSE:300483) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.5000, Yuanjiang Road, Minhang District, Shanghai, CHN, 201108

Website

http://www.worthgarden.com

Sino Prima Gas Technology Co Ltd formerly Shanghai Worth Garden Co Ltd is a service provider that focuses on the development, production, and sales of gardening products, engineering construction, and greening maintenance. Its products cover all aspects of horticultural life, including thousands of varieties and specifications, and a relatively complete horticultural product system. It offers garden hand tools, such as cutting tools, garden power tools, including lawn mowers, grass and hedge trimmers, and batteries and chargers, and garden watering products.

Executives

Wu Jun Liang

Directors, executives

Sino Prima Gas Technology Co (SZSE:300483) Headlines

No Headlines