Shandong Homey Aquatic Development Co (SHSE:600467) Receivables Turnover : 10.27 (As of Mar. 2024)

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What is Shandong Homey Aquatic Development 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. Shandong Homey Aquatic Development Co's Revenue for the three months ended in Mar. 2024 was ¥225 Mil. Shandong Homey Aquatic Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥22 Mil. Hence, Shandong Homey Aquatic Development Co's Receivables Turnover for the three months ended in Mar. 2024 was 10.27.

Shandong Homey Aquatic Development Co Receivables Turnover Historical Data

The historical data trend for Shandong Homey Aquatic Development 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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Shandong Homey Aquatic Development Co Receivables Turnover Chart

Shandong Homey Aquatic Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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33.88

33.75

49.57

56.93

67.21

Shandong Homey Aquatic Development 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															9.59	21.57	9.32	22.55	10.27

Competitive Comparison of Shandong Homey Aquatic Development Co's Receivables Turnover

For the Farm Products subindustry, Shandong Homey Aquatic Development 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.

Shandong Homey Aquatic Development Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Homey Aquatic Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shandong Homey Aquatic Development Co's Receivables Turnover falls into.

Shandong Homey Aquatic Development Co Receivables Turnover Calculation

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

Shandong Homey Aquatic Development 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 )
=	1563.805	/ (	(26.259	+	20.273)	/	2 )
=	1563.805	/	23.266
=	67.21

Shandong Homey Aquatic Development 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 )
=	225.286	/ (	(20.273	+	23.599)	/	2 )
=	225.286	/	21.936
=	10.27

Shandong Homey Aquatic Development Co (SHSE:600467) 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.

Shandong Homey Aquatic Development Co Receivables Turnover Related Terms

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Shandong Homey Aquatic Development Co (SHSE:600467) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Homey Aquatic Development Co Ltd (SHSE:600467) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Shazuizi, Hushan Town, Rongcheng, Shandong, CHN, 264305

Website

http://www.sdhaodangjia.com

Shandong Homey Aquatic Development Co Ltd is engaged in the aquaculture and food processing businesses in China. Its products include sea cucumber, sea bream, abalone, prawn, kelp, clam, loach and other sea treasures, all of which are medium and high-grade seafood. Its other products include frozen food, aquatic products, health tonic series, beverage series products and salted aquatic products. The company distributes its products within domestic market and to overseas markets.

Shandong Homey Aquatic Development Co (SHSE:600467) Headlines

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