GKG Precision Machine Co (SZSE:301338) Receivables Turnover : 0.82 (As of Mar. 2024)

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What is GKG Precision Machine 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. GKG Precision Machine Co's Revenue for the three months ended in Mar. 2024 was ¥154.5 Mil. GKG Precision Machine Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥188.0 Mil. Hence, GKG Precision Machine Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.82.

GKG Precision Machine Co Receivables Turnover Historical Data

The historical data trend for GKG Precision Machine 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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GKG Precision Machine Co Receivables Turnover Chart

GKG Precision Machine Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.46

3.99

5.81

4.78

3.79

GKG Precision Machine Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														0.66	1.25	0.87	1.56	0.82

Competitive Comparison of GKG Precision Machine Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, GKG Precision Machine 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.

GKG Precision Machine Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GKG Precision Machine Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GKG Precision Machine Co's Receivables Turnover falls into.

GKG Precision Machine Co Receivables Turnover Calculation

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

GKG Precision Machine 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 )
=	740.021	/ (	(192.394	+	197.724)	/	2 )
=	740.021	/	195.059
=	3.79

GKG Precision Machine 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 )
=	154.491	/ (	(197.724	+	178.248)	/	2 )
=	154.491	/	187.986
=	0.82

GKG Precision Machine Co (SZSE:301338) 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.

GKG Precision Machine Co Receivables Turnover Related Terms

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GKG Precision Machine Co (SZSE:301338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GKG Precision Machine Co Ltd (SZSE:301338) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 2 Shalang Road, Dongcheng Street, Guangdong Province, Dongguan, CHN, 523000

Website

http://www.gkg.cn

GKG Precision Machine Co Ltd is a manufacturing and process solution provider focusing on the research and development, production, sales and service of high end precision automation equipment, and a national high-tech enterprise. The company owns Precision Solder Paste Printing Equipment Division, High Speed ??Precision Dispensing Equipment Division, Precision Packaging Equipment Division, and Flexible Manufacturing System Division.

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