Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) Receivables Turnover : 1.03 (As of Mar. 2024)

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What is Qinhuangdao Tianqin Equipment Manufacturing 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. Qinhuangdao Tianqin Equipment Manufacturing Co's Revenue for the three months ended in Mar. 2024 was ¥38.5 Mil. Qinhuangdao Tianqin Equipment Manufacturing Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥37.3 Mil. Hence, Qinhuangdao Tianqin Equipment Manufacturing Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.03.

Qinhuangdao Tianqin Equipment Manufacturing Co Receivables Turnover Historical Data

The historical data trend for Qinhuangdao Tianqin Equipment Manufacturing 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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Qinhuangdao Tianqin Equipment Manufacturing Co Receivables Turnover Chart

Qinhuangdao Tianqin Equipment Manufacturing Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.20

4.23

3.06

1.91

2.71

Qinhuangdao Tianqin Equipment Manufacturing 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															0.37	0.24	0.68	1.30	1.03

Competitive Comparison of Qinhuangdao Tianqin Equipment Manufacturing Co's Receivables Turnover

For the Specialty Chemicals subindustry, Qinhuangdao Tianqin Equipment Manufacturing 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.

Qinhuangdao Tianqin Equipment Manufacturing Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Qinhuangdao Tianqin Equipment Manufacturing Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Qinhuangdao Tianqin Equipment Manufacturing Co's Receivables Turnover falls into.

Qinhuangdao Tianqin Equipment Manufacturing Co Receivables Turnover Calculation

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

Qinhuangdao Tianqin Equipment Manufacturing 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 )
=	154.579	/ (	(72.642	+	41.443)	/	2 )
=	154.579	/	57.0425
=	2.71

Qinhuangdao Tianqin Equipment Manufacturing 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 )
=	38.525	/ (	(41.443	+	33.082)	/	2 )
=	38.525	/	37.2625
=	1.03

Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) 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.

Qinhuangdao Tianqin Equipment Manufacturing Co Receivables Turnover Related Terms

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Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Qinhuangdao Tianqin Equipment Manufacturing Co Ltd (SZSE:300922) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Xueshan Road, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066004

Website

http://www.tianqin.net

Qinhuangdao Tianqin Equipment Manufacturing Co Ltd is engaged in the research and development, production and sales of special protective devices and equipment parts centered on the new processing and application technology of polymer composite materials.

Executives

Liu Jin Shu	Executives
Zhang Peng	Director
Wang Zhao Jun	Director
Bi Yi Jun	Supervisors
Wang Su Rong	Directors, Directors, and Executives
Tong Qiu Ju	Executives
Ji Fu Yan	Executives
Liu Xing Min	Executives
Pan Jian Hui	Director
Li Li Yong	Supervisors

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