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Jiangsu Huaxicun Co (SZSE:000936) Receivables Turnover : 5.09 (As of Mar. 2024)


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What is Jiangsu Huaxicun 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. Jiangsu Huaxicun Co's Revenue for the three months ended in Mar. 2024 was ¥648 Mil. Jiangsu Huaxicun Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥127 Mil. Hence, Jiangsu Huaxicun Co's Receivables Turnover for the three months ended in Mar. 2024 was 5.09.


Jiangsu Huaxicun Co Receivables Turnover Historical Data

The historical data trend for Jiangsu Huaxicun 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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Jiangsu Huaxicun Co Receivables Turnover Chart

Jiangsu Huaxicun 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 11.54 16.22 22.63 25.66 24.83

Jiangsu Huaxicun 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 5.18 4.79 5.57 6.71 5.09

Competitive Comparison of Jiangsu Huaxicun Co's Receivables Turnover

For the Chemicals subindustry, Jiangsu Huaxicun 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.


Jiangsu Huaxicun Co's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Jiangsu Huaxicun Co's Receivables Turnover falls into.



Jiangsu Huaxicun Co Receivables Turnover Calculation

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

Jiangsu Huaxicun 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 )
=2858.147 / ((120.517 + 109.741) / 2 )
=2858.147 / 115.129
=24.83

Jiangsu Huaxicun 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 )
=647.622 / ((109.741 + 144.526) / 2 )
=647.622 / 127.1335
=5.09

* 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.


Jiangsu Huaxicun Co  (SZSE:000936) 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.


Jiangsu Huaxicun Co Receivables Turnover Related Terms

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Jiangsu Huaxicun Co (SZSE:000936) Business Description

Traded in Other Exchanges
N/A
Address
Huaxi Village, Jiangsu Province, Jiangyin, CHN, 214420
Jiangsu Huaxicun Co Ltd is engaged in the manufacture of textile and chemical fiber products as well as the generation and distribution of electric power, terylene short fibers, polyester products and storage services.
Executives
Tang Wei Qing Director
Yu Tong Executives
Wang Hong Yu Directors, executives
Wu Xiu Qin Supervisors
Li Man Liang Directors, executives
Wu Xie En Director
Bian Wu Biao Directors, Directors, and Executives
Wu Wen Tong Directors, executives
Sun Yun Feng Director
Wu Jian Rong Supervisors
Xu Jian Rong Supervisors

Jiangsu Huaxicun Co (SZSE:000936) Headlines

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