Fujian Acetron New Materials Co (SZSE:300706) Receivables Turnover : 1.15 (As of Mar. 2024)

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What is Fujian Acetron New Materials 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. Fujian Acetron New Materials Co's Revenue for the three months ended in Mar. 2024 was ¥269 Mil. Fujian Acetron New Materials Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥234 Mil. Hence, Fujian Acetron New Materials Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.15.

Fujian Acetron New Materials Co Receivables Turnover Historical Data

The historical data trend for Fujian Acetron New Materials 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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Fujian Acetron New Materials Co Receivables Turnover Chart

Fujian Acetron New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.98

3.00

4.36

5.06

5.17

Fujian Acetron New Materials 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															1.59	1.51	1.30	1.21	1.15

Competitive Comparison of Fujian Acetron New Materials Co's Receivables Turnover

For the Chemicals subindustry, Fujian Acetron New Materials 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.

Fujian Acetron New Materials Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fujian Acetron New Materials Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fujian Acetron New Materials Co's Receivables Turnover falls into.

Fujian Acetron New Materials Co Receivables Turnover Calculation

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

Fujian Acetron New Materials 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 )
=	957.927	/ (	(129.684	+	240.776)	/	2 )
=	957.927	/	185.23
=	5.17

Fujian Acetron New Materials 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 )
=	268.778	/ (	(240.776	+	227.894)	/	2 )
=	268.778	/	234.335
=	1.15

Fujian Acetron New Materials Co (SZSE:300706) 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.

Fujian Acetron New Materials Co Receivables Turnover Related Terms

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Fujian Acetron New Materials Co (SZSE:300706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Acetron New Materials Co Ltd (SZSE:300706) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Hangcheng Street, No.169, Taipingli, Qinjiang Village, Fujian Province, Changle, CHN, 350200

Website

http://www.acetron.com.cn

Fujian Acetron New Materials Co Ltd is engaged in research and development, production and sale of coating materials. The company mainly produces vacuum evaporation and sputter coating materials for optics, semiconductors, flat-panel displays and surface decoration. Its products are widely used in flat panel display, optical components, energy-saving glass and other fields. The company's products are distributed all over the world and are primarily exported to the developed countries such as Japan, the United States, Germany and Korea.

Executives

Chen Zheng Wei	Director
Chen Qin Zhong	Directors, executives
Chen Ben Song	Directors, executives

Fujian Acetron New Materials Co (SZSE:300706) Headlines

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