China High Speed Transmission Equipment Group Co (China High Speed Transmission Equipment Group Co) Receivables Turnover : 1.62 (As of Dec. 2023)

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What is China High Speed Transmission Equipment Group 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. China High Speed Transmission Equipment Group Co's Revenue for the six months ended in Dec. 2023 was $1,795 Mil. China High Speed Transmission Equipment Group Co's average Accounts Receivable for the six months ended in Dec. 2023 was $1,106 Mil. Hence, China High Speed Transmission Equipment Group Co's Receivables Turnover for the six months ended in Dec. 2023 was 1.62.

China High Speed Transmission Equipment Group Co Receivables Turnover Historical Data

The historical data trend for China High Speed Transmission Equipment Group 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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China High Speed Transmission Equipment Group Co Receivables Turnover Chart

China High Speed Transmission Equipment Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.57

5.51

5.18

3.44

3.03

China High Speed Transmission Equipment Group Co 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															1.95	1.81	1.71	1.53	1.62

Competitive Comparison of China High Speed Transmission Equipment Group Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, China High Speed Transmission Equipment Group 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.

China High Speed Transmission Equipment Group Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China High Speed Transmission Equipment Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where China High Speed Transmission Equipment Group Co's Receivables Turnover falls into.

China High Speed Transmission Equipment Group Co Receivables Turnover Calculation

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

China High Speed Transmission Equipment Group 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 )
=	3372.055	/ (	(1034.451	+	1194.996)	/	2 )
=	3372.055	/	1114.7235
=	3.03

China High Speed Transmission Equipment Group Co'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 )
=	1795.405	/ (	(1017.931	+	1194.996)	/	2 )
=	1795.405	/	1106.4635
=	1.62

China High Speed Transmission Equipment Group Co (OTCPK:CHSTY) 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.

China High Speed Transmission Equipment Group Co Receivables Turnover Related Terms

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China High Speed Transmission Equipment Group Co (China High Speed Transmission Equipment Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China High Speed Transmission Equipment Group Co Ltd (OTCPK:CHSTY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

00658:Hong Kong BGR:Germany

Address

No. 30, Houjiao Road, Jiangning District, Nanjing, CHN

Website

https://www.chste.com

China High Speed Transmission Equipment Group Co Ltd is a China-based company that is engaged in researching, developing, designing, manufacturing, and distributing a wide range of mechanical transmission equipment. Its business portfolio includes Wind Energy Gearboxes; Rail Vehicle Gearboxes; Industrial Gearbox; and Robot Reducers. The company's segment includes Wind and industrial gear transmission equipment; Rail transportation gear transmission equipment segment; Trading business and Others.