Henan Hengxing Science & Technology Co (SZSE:002132) Receivables Turnover : 1.11 (As of Mar. 2024)

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What is Henan Hengxing 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. Henan Hengxing Science & Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,126 Mil. Henan Hengxing Science & Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,016 Mil. Hence, Henan Hengxing Science & Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.11.

Henan Hengxing Science & Technology Co Receivables Turnover Historical Data

The historical data trend for Henan Hengxing 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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Henan Hengxing Science & Technology Co Receivables Turnover Chart

Henan Hengxing Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.13

3.48

4.19

4.58

4.37

Henan Hengxing 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															0.85	1.06	1.11	1.25	1.11

Competitive Comparison of Henan Hengxing Science & Technology Co's Receivables Turnover

For the Steel subindustry, Henan Hengxing 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.

Henan Hengxing Science & Technology Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Henan Hengxing Science & Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Henan Hengxing Science & Technology Co's Receivables Turnover falls into.

Henan Hengxing Science & Technology Co Receivables Turnover Calculation

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

Henan Hengxing 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 )
=	4577.327	/ (	(1078.686	+	1016.956)	/	2 )
=	4577.327	/	1047.821
=	4.37

Henan Hengxing 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 )
=	1126.087	/ (	(1016.956	+	1015.186)	/	2 )
=	1126.087	/	1016.071
=	1.11

Henan Hengxing Science & Technology Co (SZSE:002132) 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.

Henan Hengxing Science & Technology Co Receivables Turnover Related Terms

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Henan Hengxing Science & Technology Co (SZSE:002132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Henan Hengxing Science & Technology Co Ltd (SZSE:002132) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 121 Yiluo North Road, Gongyi, Henan, CHN, 451251

Website

http://www.hengxingchinese.com

Henan Hengxing Science & Technology Co Ltd is engaged in the production of steel in China. The company mainly produces steel cords, hose steel wires, ultra-fine steel wires, galvanized and alloy coated steel wires, steel strands and PC steel strands for radial tires. Its products are widely used in automobile tires, rubber hoses, power cables, overhead power lines, high-speed railways, ports, and silicon wafer cutting for photovoltaic solar energy.

Executives

Li Ming	Directors, executives
Xu Hui Jing	Directors, executives
Xie Bao Wan	Director
Xie Bao Jian	Executives
Zhang Yun Hong	Directors, executives
Xie Xiao Long	Directors, executives
Xie Jin Bao	Executives
Zhao Wen Juan	Directors, executives
Bai Zhong Xiang	Independent director
Xie Bao Jun	Director
Chen Bing Zhang	Director
Tan Shi Hong	Supervisors
Li Bao Jie	Executives
Jiao Yao Zhong	Directors, executives
Xie Fu Qiang	Director

Henan Hengxing Science & Technology Co (SZSE:002132) Headlines

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