Suqian Unitech (SHSE:603065) Receivables Turnover : 0.75 (As of Sep. 2024)

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What is Suqian Unitech 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. Suqian Unitech's Revenue for the three months ended in Sep. 2024 was ¥335 Mil. Suqian Unitech's average Accounts Receivable for the three months ended in Sep. 2024 was ¥448 Mil. Hence, Suqian Unitech's Receivables Turnover for the three months ended in Sep. 2024 was 0.75.

Suqian Unitech Receivables Turnover Historical Data

The historical data trend for Suqian Unitech'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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Suqian Unitech Receivables Turnover Chart

Suqian Unitech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.62

5.68

6.01

5.44

3.93

Suqian Unitech Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial											0.93	0.83	0.81	0.97	0.75

Competitive Comparison of Suqian Unitech's Receivables Turnover

For the Specialty Chemicals subindustry, Suqian Unitech'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.

Suqian Unitech's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Suqian Unitech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Suqian Unitech's Receivables Turnover falls into.

Suqian Unitech Receivables Turnover Calculation

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

Suqian Unitech'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 )
=	1417.36	/ (	(340.694	+	379.739)	/	2 )
=	1417.36	/	360.2165
=	3.93

Suqian Unitech's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	334.587	/ (	(448.31	+	446.988)	/	2 )
=	334.587	/	447.649
=	0.75

Suqian Unitech (SHSE:603065) 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.

Suqian Unitech Receivables Turnover Related Terms

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Suqian Unitech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Suqian Unitech Corp Ltd (SHSE:603065) » Definitions » Receivables Turnover

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Address

No. 88, Yangzi Road, Ecological Chemical Technology Industrial Park, Jiangsu Province, Suqian, CHN, 223800

Website

http://www.unitechem.cn

Suqian Unitech Corp Ltd is engaged in the research and development, production and sales of anti-aging additives for polymer materials and their intermediates. It specializes in the production of light stabilizers, UV absorbers and other related products.

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