Xingda International Holdings (HKSE:01899) Receivables Turnover : 1.60 (As of Dec. 2023)

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What is Xingda 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. Xingda International Holdings's Revenue for the six months ended in Dec. 2023 was HK$6,642 Mil. Xingda International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$4,148 Mil. Hence, Xingda International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.60.

Xingda International Holdings Receivables Turnover Historical Data

The historical data trend for Xingda 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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Xingda International Holdings Receivables Turnover Chart

Xingda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.03

3.51

3.99

3.34

3.13

Xingda 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															1.77	1.61	1.50	1.63	1.60

Competitive Comparison of Xingda International Holdings's Receivables Turnover

For the Auto Parts subindustry, Xingda 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.

Xingda International Holdings's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xingda International Holdings's Receivables Turnover distribution charts can be found below:

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

Xingda International Holdings Receivables Turnover Calculation

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

Xingda 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 )
=	12568.035	/ (	(3504.462	+	4522.37)	/	2 )
=	12568.035	/	4013.416
=	3.13

Xingda 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 )
=	6641.853	/ (	(3773.157	+	4522.37)	/	2 )
=	6641.853	/	4147.7635
=	1.60

Xingda International Holdings (HKSE:01899) 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.

Xingda International Holdings Receivables Turnover Related Terms

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Xingda International Holdings (HKSE:01899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xingda International Holdings Ltd (HKSE:01899) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

XDH:Germany

Address

Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062

Website

http://www.xingda.com.cn

Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.

Executives

Liu Jinlan	2501 Other
Zhao Yue	2201 Interest of corporation controlled by you
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Always Blooming Holdings Limited	2201 Interest of corporation controlled by you
Wise Creative Limited	2101 Beneficial owner
Widen Success Holdings Limited	2501 Other
Liu Tao	2501 Other
In-plus Limited	2501 Other
Great Trade Limited	2501 Other
Hang Youming	2501 Other
Liu Xiang	2501 Other
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Qing Dao Jian Xin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

Xingda International Holdings (HKSE:01899) Headlines

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