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Huabao International Holdings (Huabao International Holdings) Receivables Turnover : 2.65 (As of Dec. 2023)


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What is Huabao 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. Huabao International Holdings's Revenue for the six months ended in Dec. 2023 was $248.2 Mil. Huabao International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $93.5 Mil. Hence, Huabao International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.65.


Huabao International Holdings Receivables Turnover Historical Data

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

Huabao International Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.09 4.15 4.24 3.95 3.87

Huabao International Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.56 1.95 1.94 1.80 2.65

Competitive Comparison of Huabao International Holdings's Receivables Turnover

For the Specialty Chemicals subindustry, Huabao 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.


Huabao International Holdings's Receivables Turnover Distribution in the Chemicals Industry

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

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



Huabao International Holdings Receivables Turnover Calculation

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

Huabao 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 )
=463.27 / ((144.941 + 94.317) / 2 )
=463.27 / 119.629
=3.87

Huabao 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 )
=248.191 / ((92.732 + 94.317) / 2 )
=248.191 / 93.5245
=2.65

* 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.


Huabao International Holdings  (OTCPK:HUIHY) 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.


Huabao International Holdings Receivables Turnover Related Terms

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Huabao International Holdings (Huabao International Holdings) Business Description

Traded in Other Exchanges
Address
18 Harbour Road, Suite 3008, 30th Floor, Central Plaza, Wanchai, Hong Kong, HKG
Huabao International Holdings Ltd is an investment holding company. Its segments are Flavours and fragrances, Tobacco raw materials, aroma raw materials, and Condiments. The company generates maximum revenue from Flavours and fragrances segment. Its Flavours and fragrances segment includes research and development, production and sale of flavors and fragrances products.

Huabao International Holdings (Huabao International Holdings) Headlines

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