Fujian Highton Development Co (SHSE:603162) Receivables Turnover : 5.88 (As of Mar. 2024)

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What is Fujian Highton 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. Fujian Highton Development Co's Revenue for the three months ended in Mar. 2024 was ¥798 Mil. Fujian Highton Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥136 Mil. Hence, Fujian Highton Development Co's Receivables Turnover for the three months ended in Mar. 2024 was 5.88.

Fujian Highton Development Co Receivables Turnover Historical Data

The historical data trend for Fujian Highton 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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Fujian Highton Development Co Receivables Turnover Chart

Fujian Highton Development Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

33.26

20.11

21.86

25.49

19.57

Fujian Highton Development Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											4.71	5.42	5.86	6.24	5.88

Competitive Comparison of Fujian Highton Development Co's Receivables Turnover

For the Marine Shipping subindustry, Fujian Highton 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.

Fujian Highton Development Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Fujian Highton Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fujian Highton Development Co's Receivables Turnover falls into.

Fujian Highton Development Co Receivables Turnover Calculation

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

Fujian Highton 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 )
=	1705.344	/ (	(60.906	+	113.35)	/	2 )
=	1705.344	/	87.128
=	19.57

Fujian Highton 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 )
=	797.649	/ (	(113.35	+	158.133)	/	2 )
=	797.649	/	135.7415
=	5.88

Fujian Highton Development Co (SHSE:603162) 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.

Fujian Highton Development Co Receivables Turnover Related Terms

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Fujian Highton Development Co (SHSE:603162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Highton Development Co Ltd (SHSE:603162) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Jinjingwan Business Operation Center, Room 1705-2, Floor 17, Building 3, Pingtan Comprehensive Experimental Zone, Fujian Province, CHN, 350401

Website

http://www.fj-highton.com

Fujian Highton Development Co Ltd is mainly engaged in domestic coastal and international ocean shipping of dry bulk cargo.

Executives

Zheng Yu Fang	Directors, senior managers
Ceng Er Bin	Director
Le Jun Jie	Director
Huang Tian Tian	senior management
Liu Guo Yong	Directors, senior managers

Fujian Highton Development Co (SHSE:603162) Headlines

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