Huajin International Holdings (HKSE:02738) Receivables Turnover : 56.78 (As of Dec. 2023)

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What is Huajin 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. Huajin International Holdings's Revenue for the six months ended in Dec. 2023 was HK$3,952 Mil. Huajin International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$70 Mil. Hence, Huajin International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 56.78.

Huajin International Holdings Receivables Turnover Historical Data

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

Huajin International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.58

25.52

41.97

48.77

102.20

Huajin International Holdings Semi-Annual Data
	Dec13	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															23.36	19.44	43.83	60.47	56.78

Competitive Comparison of Huajin International Holdings's Receivables Turnover

For the Steel subindustry, Huajin 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.

Huajin International Holdings's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Huajin International Holdings's Receivables Turnover distribution charts can be found below:

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

Huajin International Holdings Receivables Turnover Calculation

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

Huajin 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 )
=	7207.895	/ (	(54.761	+	86.293)	/	2 )
=	7207.895	/	70.527
=	102.20

Huajin 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 )
=	3951.961	/ (	(52.921	+	86.293)	/	2 )
=	3951.961	/	69.607
=	56.78

Huajin International Holdings (HKSE:02738) 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.

Huajin International Holdings Receivables Turnover Related Terms

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Huajin International Holdings (HKSE:02738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huajin International Holdings Ltd (HKSE:02738) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinsha Industrial Zone of Muzhou Town, Xinhui District, Guangdong Province, Jiangmen, CHN

Website

https://www.huajin-hk.com

Huajin International Holdings Ltd is an investment holding company engaged in the cold-rolled steel processing business. It is involved in the processing of hot-rolled steel coils into cold-rolled steel strips, sheets and welded steel tubes, and galvanized steel products. It provides processing, cutting, slitting, warehousing, and delivery services on customized cold-rolled steel products and galvanized steel products. It offers Cold-rolled steel products, Galvanized steel products, Hot-rolled steel products, and others. Its revenue is derived from customers located in the PRC and Southeast Asia, of which the main revenue is generated in the PRC.

Executives

Xu Songqing	2201 Interest of corporation controlled by you
Haiyi Limited	2101 Beneficial owner
Zhong Cheng International Limited	2101 Beneficial owner
Intrend Ventures Limited	2201 Interest of corporation controlled by you
Luo Canwen	2101 Beneficial owner

Huajin International Holdings (HKSE:02738) Headlines

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