GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Gian Technology Co Ltd (SZSE:300709) » Definitions » Receivables Turnover

Jiangsu Gian Technology Co (SZSE:300709) Receivables Turnover : 0.67 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Jiangsu Gian 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. Jiangsu Gian Technology Co's Revenue for the three months ended in Mar. 2024 was ¥389 Mil. Jiangsu Gian Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥581 Mil. Hence, Jiangsu Gian Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.67.


Jiangsu Gian Technology Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Gian 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.

Jiangsu Gian Technology Co Receivables Turnover Chart

Jiangsu Gian Technology 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 3.41 2.71 3.42 3.22 3.26

Jiangsu Gian 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 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 0.51 0.94 1.38 0.89 0.67

Competitive Comparison of Jiangsu Gian Technology Co's Receivables Turnover

For the Metal Fabrication subindustry, Jiangsu Gian 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.


Jiangsu Gian Technology Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Gian Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu Gian Technology Co's Receivables Turnover falls into.



Jiangsu Gian Technology Co Receivables Turnover Calculation

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

Jiangsu Gian 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 )
=2195.581 / ((715.506 + 632.687) / 2 )
=2195.581 / 674.0965
=3.26

Jiangsu Gian 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 )
=388.835 / ((632.687 + 529.586) / 2 )
=388.835 / 581.1365
=0.67

* 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.


Jiangsu Gian Technology Co  (SZSE:300709) 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.


Jiangsu Gian Technology Co Receivables Turnover Related Terms

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


Jiangsu Gian Technology Co (SZSE:300709) Business Description

Traded in Other Exchanges
N/A
Address
No.59 Zonglv Road, Zhonglou Economic Development District, Changzhou, CHN, 213014
Jiangsu Gian Technology Co Ltd is a China-based company is engaged in the manufacture and sale of metal injection molding (MIM) products. It produces a large quantity of metal structural, functional and cosmetic parts in high precision, complex shape. The company's MIM technology can be used in consumer electronic field, automotive field and medical equipment field and other fields.
Executives
Wu Jun Wen Directors, executives
Shi Jun Supervisors

Jiangsu Gian Technology Co (SZSE:300709) Headlines

No Headlines