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Kandi Technologies Group Inc   (KNDI)
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Kandi Technologies Group Inc Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Kandi Technologies Group Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2023 to a ratio of 12.5, above the company average. This is a clear sign of healthy business climate in the EV, Auto & Truck Manufacturers industry and improving liquidity at their respective customers, during the third quarter 2023. Average receivable collection period, for the Kandi Technologies Group Inc in Sep 30 2023 quarter, has decreased to 29 days, compared to 36 days, in the Jun 30 2023 quarter.

If we take a look into Consumer Discretionary sector 146 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 2738 to 2743.

What is Receivable Turnover Ratio?
What is Kandi Technologies Group Inc Selling?


What is Receivable Turnover Ratio?




KNDI Receivables Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Receivable Change -46.24 % 9.25 % -4.2 % 33.85 % -13.39 %
Y / Y Revenue Change 8.18 % 72.51 % -8.15 % 33.19 % 100.49 %
Receivable Turnover Ratio (TTM) 12.5 10.01 9 9.09 8.88
KNDI's Total Ranking # 2743 # 2738 # 2522 # 2099 # 1936
Average receivable collection period 29 36 41 40 41
Seq. Receivable Change 10.33 % 9.08 % -25.23 % -40.25 % 124.21 %
Seq. Revenue Change 1.32 % 57.26 % -40.47 % 14.06 % 61.57 %


Receivable Turnover Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 9
Consumer Discretionary Sector # 147
Overall Market # 2743

Receivable Turnover Ratio Statistics
High Average Low
0.63 0.33 0.13
(Sep. 30, 2014)   (Jun 30 2017)






Financial Statements
Kandi Technologies Group Inc 's Accounts Receivable $ 11 Millions Visit KNDI's Balance sheet
Kandi Technologies Group Inc 's Sales TTM $ 134 Millions Visit KNDI's Income Statement
Where are KNDI's Sales coming from? Visit KNDI's Sales by Geography

Other Accounts Receivable Turnover Ratios
EV, Auto & Truck Manufacturers Industry Accounts Receivable Turnover Trends and Statistics
Consumer Discretionary Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
KNDI's Receivable Turnover Ratio versus EV, Auto & Truck Manufacturers Industry, Consumer Discretionary Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for KNDI's Competitors
Receivables Turnover Ratio for KNDI's Suppliers
Accounts Receivables Turnover Ratio for KNDI's Customers

You may also want to know
KNDI's Growth Rates KNDI's Roa KNDI's Inventory Turnover Ratio KNDI's Dividend Comparisons
KNDI's Profitability Ratios KNDI's Roi KNDI's Asset Turnover Ratio KNDI's Dividend Growth
KNDI's Valuation Ratios KNDI's Roe KNDI's Financial Strength Ratios KNDI's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Consumer Discretionary Sector Receivable Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Receivable at quarter ending Sep 30 2023
Tesla Inc   32.21 $ 95,924.000  Millions$ 2,978.000  Millions
Jerash Holdings us Inc   31.17 $ 134.894  Millions$ 4.328  Millions
Crown Crafts Inc  28.89 $ 81.567  Millions$ 2.823  Millions
Tapestry Inc   27.50 $ 6,668.000  Millions$ 242.475  Millions
Peloton Interactive Inc   25.82 $ 2,778.400  Millions$ 107.600  Millions
Skyx Platforms Corp   25.68 $ 35.415  Millions$ 1.379  Millions
Luvu Brands Inc   24.65 $ 28.592  Millions$ 1.160  Millions
Bwx Technologies Inc   24.32 $ 2,394.971  Millions$ 98.493  Millions
Carter s Inc  24.02 $ 4,778.872  Millions$ 198.928  Millions
Polished com Inc   23.27 $ 494.114  Millions$ 21.234  Millions
Bassett Furniture Industries Incorporated  21.56 $ 416.280  Millions$ 19.312  Millions
Solo Brands Inc   21.42 $ 525.780  Millions$ 24.547  Millions
Electrameccanica Vehicles Corp   20.94 $ 6.593  Millions$ 0.315  Millions
Vera Bradley Inc   20.77 $ 523.968  Millions$ 25.231  Millions
Wesco International Inc   20.37 $ 26,657.493  Millions$ 1,308.669  Millions
Universal Security Instruments Inc  20.08 $ 22.103  Millions$ 1.101  Millions
Nova Lifestyle Inc   19.67 $ 10.034  Millions$ 0.510  Millions
Oxford Industries inc   19.43 $ 1,548.729  Millions$ 79.723  Millions
U s Lighting Group Inc   19.04 $ 3.535  Millions$ 0.186  Millions
Livewire Group Inc   18.49 $ 64.224  Millions$ 3.473  Millions
Caleres inc  18.17 $ 2,815.715  Millions$ 154.975  Millions
Rivian Automotive Inc   18.05 $ 3,782.000  Millions$ 209.500  Millions
La z boy Incorporated  16.72 $ 2,125.343  Millions$ 127.095  Millions
Patrick Industries Inc   16.59 $ 3,637.102  Millions$ 219.239  Millions
Irobot Corporation  15.59 $ 940.908  Millions$ 60.358  Millions
Superior Industries International Inc   15.50 $ 1,477.407  Millions$ 95.290  Millions
Capri Holdings Ltd  15.08 $ 5,367.000  Millions$ 356.000  Millions
Paccar Inc  15.07 $ 32,358.100  Millions$ 2,147.225  Millions
Sacks Parente Golf Inc   14.62 $ 0.095  Millions$ 0.007  Millions
Yeti Holdings inc   14.58 $ 1,584.134  Millions$ 108.631  Millions

Date modified: 2023-11-09T23:17:55+00:00



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