Zhejiang Huatie Emergency Equipment Science & Technology Co (SHSE:603300) Receivables Turnover : 0.32 (As of Mar. 2024)

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What is Zhejiang Huatie Emergency Equipment Science & Technology 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. Zhejiang Huatie Emergency Equipment Science & Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,105 Mil. Zhejiang Huatie Emergency Equipment Science & Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥3,479 Mil. Hence, Zhejiang Huatie Emergency Equipment Science & Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.32.

Zhejiang Huatie Emergency Equipment Science & Technology Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Huatie Emergency Equipment Science & Technology 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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Zhejiang Huatie Emergency Equipment Science & Technology Co Receivables Turnover Chart

Zhejiang Huatie Emergency Equipment Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.52

1.28

1.47

1.35

1.41

Zhejiang Huatie Emergency Equipment Science & Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.31	0.37	0.38	0.35	0.32

Competitive Comparison of Zhejiang Huatie Emergency Equipment Science & Technology Co's Receivables Turnover

For the Rental & Leasing Services subindustry, Zhejiang Huatie Emergency Equipment Science & Technology 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.

Zhejiang Huatie Emergency Equipment Science & Technology Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Huatie Emergency Equipment Science & Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Huatie Emergency Equipment Science & Technology Co's Receivables Turnover falls into.

Zhejiang Huatie Emergency Equipment Science & Technology Co Receivables Turnover Calculation

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

Zhejiang Huatie Emergency Equipment Science & Technology 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 )
=	4443.582	/ (	(2762.175	+	3525.508)	/	2 )
=	4443.582	/	3143.8415
=	1.41

Zhejiang Huatie Emergency Equipment Science & Technology 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 )
=	1104.978	/ (	(3525.508	+	3431.709)	/	2 )
=	1104.978	/	3478.6085
=	0.32

Zhejiang Huatie Emergency Equipment Science & Technology Co (SHSE:603300) 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.

Zhejiang Huatie Emergency Equipment Science & Technology Co Receivables Turnover Related Terms

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Zhejiang Huatie Emergency Equipment Science & Technology Co (SHSE:603300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Huatie Emergency Equipment Science & Technology Co Ltd (SHSE:603300) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

E-Commerce Park East, 4th Floor, 5, 9 Shing Road, Jianggan District, Hangzhou, CHN, 310019

Website

http://www.zjhuatie.cn

Zhejiang Huatie Emergency Equipment Science & Technology Co Ltd Zhejiang Huatie Construction Safety Science And Technology Co Ltd provides professional, safe and environmentally-friendly safety support and ancillary services for all types of construction projects throughout the country.

Executives

Zhou Wei Hong	senior management
Hu Dan Feng	Director
Gui Lin	Supervisors
Guo Hai Bin	senior management
Ying Da Cheng	Director

Zhejiang Huatie Emergency Equipment Science & Technology Co (SHSE:603300) Headlines

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