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Sichuan Hebang Biotechnology Co (SHSE:603077) Receivables Turnover : 1.78 (As of Mar. 2024)


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What is Sichuan Hebang Biotechnology 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. Sichuan Hebang Biotechnology Co's Revenue for the three months ended in Mar. 2024 was ¥1,999 Mil. Sichuan Hebang Biotechnology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,121 Mil. Hence, Sichuan Hebang Biotechnology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.78.


Sichuan Hebang Biotechnology Co Receivables Turnover Historical Data

The historical data trend for Sichuan Hebang Biotechnology 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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Sichuan Hebang Biotechnology Co Receivables Turnover Chart

Sichuan Hebang Biotechnology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.88 9.98 19.65 20.44 10.05

Sichuan Hebang Biotechnology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.74 1.74 2.04 2.09 1.78

Competitive Comparison of Sichuan Hebang Biotechnology Co's Receivables Turnover

For the Chemicals subindustry, Sichuan Hebang Biotechnology 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.


Sichuan Hebang Biotechnology Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sichuan Hebang Biotechnology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sichuan Hebang Biotechnology Co's Receivables Turnover falls into.



Sichuan Hebang Biotechnology Co Receivables Turnover Calculation

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

Sichuan Hebang Biotechnology 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 )
=8824.108 / ((777.991 + 977.589) / 2 )
=8824.108 / 877.79
=10.05

Sichuan Hebang Biotechnology 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 )
=1999.261 / ((977.589 + 1264.993) / 2 )
=1999.261 / 1121.291
=1.78

* 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.


Sichuan Hebang Biotechnology Co  (SHSE:603077) 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.


Sichuan Hebang Biotechnology Co Receivables Turnover Related Terms

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Sichuan Hebang Biotechnology Co (SHSE:603077) Business Description

Traded in Other Exchanges
N/A
Address
Number 8, Guangfu Road, Building C6, Qingyang District, Sichuan province, Chengdu, CHN, 610073
Sichuan Hebang Biotechnology Co Ltd is engaged in manufacturing chemicals. It provides ammonium chloride which is used as raw material for fertilizers. The other chemical products offered by the company are used in various areas.
Executives
Qin Xue Ling Director
Wang Jun Director
Mo Rong Director
He Zheng Gang Director
Yang Hong Wu Director
Li Jing Lin Director
Yang Hui Rong Director

Sichuan Hebang Biotechnology Co (SHSE:603077) Headlines

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