GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Receivables Turnover

JL (J-Long Group) Receivables Turnover : 6.44 (As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is J-Long Group 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. J-Long Group's Revenue for the six months ended in Mar. 2024 was $13.81 Mil. J-Long Group's average Accounts Receivable for the six months ended in Mar. 2024 was $2.14 Mil. Hence, J-Long Group's Receivables Turnover for the six months ended in Mar. 2024 was 6.44.

J-Long Group Receivables Turnover Historical Data

The historical data trend for J-Long Group'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.

J-Long Group Receivables Turnover Chart

J-Long Group Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Receivables Turnover
7.96 12.75 14.86 12.65

J-Long Group Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial - 7.33 7.56 7.27 6.44

Competitive Comparison of J-Long Group's Receivables Turnover

For the Apparel Manufacturing subindustry, J-Long Group'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.

J-Long Group's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, J-Long Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where J-Long Group's Receivables Turnover falls into.


J-Long Group Receivables Turnover Calculation

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

J-Long Group's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=28.379 / ((2.103 + 2.383) / 2 )
=28.379 / 2.243
=12.65

J-Long Group'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=13.807 / ((1.905 + 2.383) / 2 )
=13.807 / 2.144
=6.44

* 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.

J-Long Group  (NAS:JL) 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.

J-Long Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of J-Long Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

J-Long Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Receivables Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG
Website
https://www.j-long.com
J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.