Hebei Yichen Industrial Group (HKSE:01596) Receivables Turnover : 0.56 (As of Dec. 2023)

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What is Hebei Yichen Industrial 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. Hebei Yichen Industrial Group's Revenue for the six months ended in Dec. 2023 was HK$715 Mil. Hebei Yichen Industrial Group's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1,265 Mil. Hence, Hebei Yichen Industrial Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.56.

Hebei Yichen Industrial Group Receivables Turnover Historical Data

The historical data trend for Hebei Yichen Industrial 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.

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Hebei Yichen Industrial Group Receivables Turnover Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.13

1.39

1.53

1.03

0.95

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.79	0.58	0.49	0.44	0.56

Competitive Comparison of Hebei Yichen Industrial Group's Receivables Turnover

For the Railroads subindustry, Hebei Yichen Industrial 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.

Hebei Yichen Industrial Group's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hebei Yichen Industrial Group's Receivables Turnover falls into.

Hebei Yichen Industrial Group Receivables Turnover Calculation

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

Hebei Yichen Industrial Group'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 )
=	1308.319	/ (	(1461.399	+	1300.359)	/	2 )
=	1308.319	/	1380.879
=	0.95

Hebei Yichen Industrial Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	714.79	/ (	(1230.436	+	1300.359)	/	2 )
=	714.79	/	1265.3975
=	0.56

Hebei Yichen Industrial Group (HKSE:01596) 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.

Hebei Yichen Industrial Group Receivables Turnover Related Terms

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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