Guangdong Guanhao High-Tech Co (SHSE:600433) Receivables Turnover : 1.85 (As of Mar. 2024)

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What is Guangdong Guanhao High-Tech 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. Guangdong Guanhao High-Tech Co's Revenue for the three months ended in Mar. 2024 was ¥1,690 Mil. Guangdong Guanhao High-Tech Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥913 Mil. Hence, Guangdong Guanhao High-Tech Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.85.

Guangdong Guanhao High-Tech Co Receivables Turnover Historical Data

The historical data trend for Guangdong Guanhao High-Tech 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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Guangdong Guanhao High-Tech Co Receivables Turnover Chart

Guangdong Guanhao High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.48

10.35

8.65

9.74

8.10

Guangdong Guanhao High-Tech 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															1.76	1.94	1.95	2.03	1.85

Competitive Comparison of Guangdong Guanhao High-Tech Co's Receivables Turnover

For the Paper & Paper Products subindustry, Guangdong Guanhao High-Tech 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.

Guangdong Guanhao High-Tech Co's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Guangdong Guanhao High-Tech Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Guangdong Guanhao High-Tech Co's Receivables Turnover falls into.

Guangdong Guanhao High-Tech Co Receivables Turnover Calculation

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

Guangdong Guanhao High-Tech 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 )
=	7403.37	/ (	(890.855	+	937.005)	/	2 )
=	7403.37	/	913.93
=	8.10

Guangdong Guanhao High-Tech 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 )
=	1689.921	/ (	(937.005	+	889.511)	/	2 )
=	1689.921	/	913.258
=	1.85

Guangdong Guanhao High-Tech Co (SHSE:600433) 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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Guangdong Guanhao High-Tech Co (SHSE:600433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Guangdong Guanhao High-Tech Co Ltd (SHSE:600433) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Changping Road, Zhanjiang Economy and Technology Development Zone, Guangdong, Zhanjiang, CHN, 524022

Website

http://www.guanhao.com

Guangdong Guanhao High-Tech Co Ltd is a China-based company engages in the paper production business. Its products include common carbonless copy paper, special purpose carbonless copy paper and other carbonless copy paper. Its thermal paper products are mainly used in the manufacturing of bills, tags, fax materials and others.

Executives

Liang Min	senior management
Xie Xian Long	Director
Liu Li Xin	senior management
Zhang Hong	Director
Zhuo Hao	senior management
Ding Guo Qiang	senior management
Li Fei	Directors, senior managers
Wang Qi	Director
Huang Yang Xu	Director

Guangdong Guanhao High-Tech Co (SHSE:600433) Headlines

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