Zhuzhou Huarui Precision Tools Co (SHSE:688059) Receivables Turnover : 0.48 (As of Mar. 2024)

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What is Zhuzhou Huarui Precision Tools 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. Zhuzhou Huarui Precision Tools Co's Revenue for the three months ended in Mar. 2024 was ¥170.2 Mil. Zhuzhou Huarui Precision Tools Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥358.1 Mil. Hence, Zhuzhou Huarui Precision Tools Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.48.

Zhuzhou Huarui Precision Tools Co Receivables Turnover Historical Data

The historical data trend for Zhuzhou Huarui Precision Tools 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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Zhuzhou Huarui Precision Tools Co Receivables Turnover Chart

Zhuzhou Huarui Precision Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.11

5.56

6.78

5.24

3.23

Zhuzhou Huarui Precision Tools Co Quarterly Data
	Mar19	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															0.89	0.98	0.83	0.62	0.48

Competitive Comparison of Zhuzhou Huarui Precision Tools Co's Receivables Turnover

For the Tools & Accessories subindustry, Zhuzhou Huarui Precision Tools 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.

Zhuzhou Huarui Precision Tools Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhuzhou Huarui Precision Tools Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhuzhou Huarui Precision Tools Co's Receivables Turnover falls into.

Zhuzhou Huarui Precision Tools Co Receivables Turnover Calculation

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

Zhuzhou Huarui Precision Tools 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 )
=	794.271	/ (	(150.448	+	341.963)	/	2 )
=	794.271	/	246.2055
=	3.23

Zhuzhou Huarui Precision Tools 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 )
=	170.222	/ (	(341.963	+	374.336)	/	2 )
=	170.222	/	358.1495
=	0.48

Zhuzhou Huarui Precision Tools Co (SHSE:688059) 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.

Zhuzhou Huarui Precision Tools Co Receivables Turnover Related Terms

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Zhuzhou Huarui Precision Tools Co (SHSE:688059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuzhou Huarui Precision Tools Co Ltd (SHSE:688059) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Chuangye 2nd Road, Lusong District, Hunan Province, Zhuzhou, CHN, 412000

Website

https://www.chinacuttingtools.cn

Zhuzhou Huarui Precision Tools Co Ltd is engaged in research and development, production and sales of cemented carbide tools, solid carbide end mills, welded and clamped cutting tools and cemented carbide material. The company's products are mainly used in aerospace, rail transit, automobile, energy, precision electronics, precision mold and other industries.

Executives

Yang Xiong	Core technical personnel
Wang Dong	Core technical personnel
Chen Sheng Nan	Core technical personnel
Li Zhi Xiang	Directors, senior managers
Liu An Hu	Core technical personnel
Gao Jiang Xiong	Directors, senior managers
Duan Yan Lan	senior management
Ding Guo Feng	senior management

Zhuzhou Huarui Precision Tools Co (SHSE:688059) Headlines

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