Haitian International Holdings (HKSE:01882) Receivables Turnover : 2.01 (As of Dec. 2023)

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What is Haitian International Holdings 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. Haitian International Holdings's Revenue for the six months ended in Dec. 2023 was HK$7,316 Mil. Haitian International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$3,643 Mil. Hence, Haitian International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.01.

Haitian International Holdings Receivables Turnover Historical Data

The historical data trend for Haitian International Holdings'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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Haitian International Holdings Receivables Turnover Chart

Haitian International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.52

4.26

4.90

3.51

3.92

Haitian International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.13	2.02	1.91	1.97	2.01

Competitive Comparison of Haitian International Holdings's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Haitian International Holdings'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.

Haitian International Holdings's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haitian International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Haitian International Holdings's Receivables Turnover falls into.

Haitian International Holdings Receivables Turnover Calculation

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

Haitian International Holdings'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 )
=	14294.932	/ (	(3546.097	+	3754.408)	/	2 )
=	14294.932	/	3650.2525
=	3.92

Haitian International Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	7316.374	/ (	(3532.515	+	3754.408)	/	2 )
=	7316.374	/	3643.4615
=	2.01

Haitian International Holdings (HKSE:01882) 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.

Haitian International Holdings Receivables Turnover Related Terms

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Haitian International Holdings (HKSE:01882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haitian International Holdings Ltd (HKSE:01882) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HI6:Germany

Address

No.1688 Haitian Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315800

Website

https://www.haitianinter.com

Haitian International Holdings Ltd is an investment holding company principally engaged in the manufacture and distribution of plastic injection moulding machines and related products. The main products are hydraulic and electric plastic injection moulding machines. The group operates in Mainland China, Hong Kong, and overseas countries. The company generates a majority of its revenue from Mainland China through sales of plastic injection moulding machines and related products.

Haitian International Holdings (HKSE:01882) Headlines

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