Harden Technologies (Harden Technologies) Receivables Turnover : 1.77 (As of Jun. 2023)

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What is Harden Technologies 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. Harden Technologies's Revenue for the six months ended in Jun. 2023 was $13.50 Mil. Harden Technologies's average Accounts Receivable for the six months ended in Jun. 2023 was $7.63 Mil. Hence, Harden Technologies's Receivables Turnover for the six months ended in Jun. 2023 was 1.77.

Harden Technologies Receivables Turnover Historical Data

The historical data trend for Harden Technologies'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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Harden Technologies Receivables Turnover Chart

Harden Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

4.47

5.09

4.06

Harden Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial			2.40	2.64	1.53	1.68	1.77

Competitive Comparison of Harden Technologies's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Harden Technologies'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.

Harden Technologies's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harden Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harden Technologies's Receivables Turnover falls into.

Harden Technologies Receivables Turnover Calculation

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

Harden Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	30.616	/ (	(7.513	+	7.551)	/	2 )
=	30.616	/	7.532
=	4.06

Harden Technologies's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	13.503	/ (	(7.551	+	7.7)	/	2 )
=	13.503	/	7.6255
=	1.77

Harden Technologies (BATS:HAHA) 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.

Harden Technologies Receivables Turnover Related Terms

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Harden Technologies (Harden Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harden Technologies Inc (BATS:HAHA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400

Website

https://www.siruide.com

Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

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