Hubei Xingfa Chemicals Group Co (SHSE:600141) Receivables Turnover : 4.27 (As of Mar. 2024)

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What is Hubei Xingfa Chemicals Group 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. Hubei Xingfa Chemicals Group Co's Revenue for the three months ended in Mar. 2024 was ¥6,888 Mil. Hubei Xingfa Chemicals Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,613 Mil. Hence, Hubei Xingfa Chemicals Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 4.27.

Hubei Xingfa Chemicals Group Co Receivables Turnover Historical Data

The historical data trend for Hubei Xingfa Chemicals Group 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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Hubei Xingfa Chemicals Group Co Receivables Turnover Chart

Hubei Xingfa Chemicals Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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20.72

20.10

26.53

32.56

25.88

Hubei Xingfa Chemicals Group 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															5.44	4.71	5.38	4.36	4.27

Competitive Comparison of Hubei Xingfa Chemicals Group Co's Receivables Turnover

For the Chemicals subindustry, Hubei Xingfa Chemicals Group 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.

Hubei Xingfa Chemicals Group Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hubei Xingfa Chemicals Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hubei Xingfa Chemicals Group Co's Receivables Turnover falls into.

Hubei Xingfa Chemicals Group Co Receivables Turnover Calculation

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

Hubei Xingfa Chemicals Group 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 )
=	28105.346	/ (	(928.039	+	1244.223)	/	2 )
=	28105.346	/	1086.131
=	25.88

Hubei Xingfa Chemicals Group 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 )
=	6888.151	/ (	(1244.223	+	1982.189)	/	2 )
=	6888.151	/	1613.206
=	4.27

Hubei Xingfa Chemicals Group Co (SHSE:600141) 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.

Hubei Xingfa Chemicals Group Co Receivables Turnover Related Terms

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Hubei Xingfa Chemicals Group Co (SHSE:600141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Xingfa Chemicals Group Co Ltd (SHSE:600141) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

The Ancient Town Of Gaoyang Road, Cardiff 58, Xingshan County, Hubei Province, Yichang City, CHN, 443711

Website

http://www.xingfagroup.com

Hubei Xingfa Chemicals Group Co Ltd is engaged in developing, producing, and selling phosphoric products and fine chemicals primarily in China. The company offers phosphoric products, such as dicalcium phosphate, phosphoric acid, sodium tripolyphosphate, sodium hexametaphosphate, monosodium phosphate and trisodium phosphate food grade among others.

Executives

Bao Bo Ying	senior management
Hu Kun Yi	Director
Lu Ming Qing	senior management
Cheng Ya Li	Director
Liu Chang	senior management
Li Mei Hui	Supervisors
Yang Tie Jun	senior management
Chen Fang	Supervisors
Gong Jun	Supervisors
Xie Juan	Supervisors
Wang Jie	Director
Yuan Bing	Director
Shu Long	Director
Ni Xiao Shan	senior management
Li Shao Ping	senior management

Hubei Xingfa Chemicals Group Co (SHSE:600141) Headlines

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