China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Receivables Turnover : 0.96 (As of Mar. 2024)

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What is China Machinery Huanyu Certification and Inspection 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. China Machinery Huanyu Certification and Inspection Co's Revenue for the three months ended in Mar. 2024 was ¥169.1 Mil. China Machinery Huanyu Certification and Inspection Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥175.4 Mil. Hence, China Machinery Huanyu Certification and Inspection Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.96.

China Machinery Huanyu Certification and Inspection Co Receivables Turnover Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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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China Machinery Huanyu Certification and Inspection Co Receivables Turnover Chart

China Machinery Huanyu Certification and Inspection Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.71

4.40

4.90

5.18

5.04

China Machinery Huanyu Certification and Inspection Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							1.16	1.13	0.92	1.17	0.96

Competitive Comparison of China Machinery Huanyu Certification and Inspection Co's Receivables Turnover

For the Specialty Business Services subindustry, China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Machinery Huanyu Certification and Inspection Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China Machinery Huanyu Certification and Inspection Co's Receivables Turnover falls into.

China Machinery Huanyu Certification and Inspection Co Receivables Turnover Calculation

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

China Machinery Huanyu Certification and Inspection 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 )
=	753.72	/ (	(129.037	+	169.863)	/	2 )
=	753.72	/	149.45
=	5.04

China Machinery Huanyu Certification and Inspection 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 )
=	169.116	/ (	(169.863	+	180.942)	/	2 )
=	169.116	/	175.4025
=	0.96

China Machinery Huanyu Certification and Inspection Co (SZSE:301508) 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.

China Machinery Huanyu Certification and Inspection Co Receivables Turnover Related Terms

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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609

Website

http://www.cmhci.com.cn

China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

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