Shenzhen H&T Intelligent Control Co (SZSE:002402) Receivables Turnover : 0.93 (As of Mar. 2024)

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What is Shenzhen H&T Intelligent Control 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. Shenzhen H&T Intelligent Control Co's Revenue for the three months ended in Mar. 2024 was ¥1,982 Mil. Shenzhen H&T Intelligent Control Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,127 Mil. Hence, Shenzhen H&T Intelligent Control Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.93.

Shenzhen H&T Intelligent Control Co Receivables Turnover Historical Data

The historical data trend for Shenzhen H&T Intelligent Control 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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Shenzhen H&T Intelligent Control Co Receivables Turnover Chart

Shenzhen H&T Intelligent Control Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.72

5.23

5.15

4.30

4.28

Shenzhen H&T Intelligent Control 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															1.13	1.13	0.94	1.00	0.93

Competitive Comparison of Shenzhen H&T Intelligent Control Co's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Shenzhen H&T Intelligent Control 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.

Shenzhen H&T Intelligent Control Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen H&T Intelligent Control Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shenzhen H&T Intelligent Control Co's Receivables Turnover falls into.

Shenzhen H&T Intelligent Control Co Receivables Turnover Calculation

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

Shenzhen H&T Intelligent Control 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 )
=	7507.42	/ (	(1463.808	+	2048.283)	/	2 )
=	7507.42	/	1756.0455
=	4.28

Shenzhen H&T Intelligent Control 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 )
=	1981.896	/ (	(2048.283	+	2204.818)	/	2 )
=	1981.896	/	2126.5505
=	0.93

Shenzhen H&T Intelligent Control Co (SZSE:002402) 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.

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Shenzhen H&T Intelligent Control Co (SZSE:002402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen H&T Intelligent Control Co Ltd (SZSE:002402) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Shenzhen Science and Technology 10 South Road, Tech Park, Aerospace Technology Inst Building No.6, Shenzhen, CHN, 518057

Website

http://www.szhittech.com

Shenzhen H&T Intelligent Control Co Ltd is a China-based company. It is principally engaged in the research and development, production and distribution of intelligent controllers. It offers healthcare products, such as health pots, drinking cups, foot spa tubs, and desktop air purifiers; bedroom products comprising anti-snore pillows, LED bulbs, aroma diffusers, air humidifiers, and sleep recorders; and beauty products consisting of handheld facial sprayers, ultrasonic facial massagers and scrubber cleaners, skin rejuvenation.

Executives

Liu Ming	Director
Wang Xian Fang	Director
Luo Shan Shan	Directors, Directors, and Executives
Qin Hong Wu	Directors, executives
He Zhen	Director
Zhao Xiao Ting	Securities Affairs Representative
Wang Hu Shan	Supervisors
Liu Jian Wei	Directors, executives
Wang Peng	Directors, executives

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