Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Receivables Turnover : 5.77 (As of Jun. 2023)

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What is Sinotruk (Hong Kong) 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. Sinotruk (Hong Kong)'s Revenue for the six months ended in Jun. 2023 was $5,779 Mil. Sinotruk (Hong Kong)'s average Accounts Receivable for the six months ended in Jun. 2023 was $1,002 Mil. Hence, Sinotruk (Hong Kong)'s Receivables Turnover for the six months ended in Jun. 2023 was 5.77.

Sinotruk (Hong Kong) Receivables Turnover Historical Data

The historical data trend for Sinotruk (Hong Kong)'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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Sinotruk (Hong Kong) Receivables Turnover Chart

Sinotruk (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.94

13.73

14.44

8.94

11.17

Sinotruk (Hong Kong) 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															3.68	4.11	4.42	5.77	5.17

Competitive Comparison of Sinotruk (Hong Kong)'s Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Sinotruk (Hong Kong)'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.

Sinotruk (Hong Kong)'s Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sinotruk (Hong Kong)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sinotruk (Hong Kong)'s Receivables Turnover falls into.

Sinotruk (Hong Kong) Receivables Turnover Calculation

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

Sinotruk (Hong Kong)'s Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	8504.464	/ (	(1024.351	+	878.23)	/	2 )
=	8504.464	/	951.2905
=	8.94

Sinotruk (Hong Kong)'s Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	5779.479	/ (	(878.23	+	1125.888)	/	2 )
=	5779.479	/	1002.059
=	5.77

Sinotruk (Hong Kong) (OTCPK:SHKLY) 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.

Sinotruk (Hong Kong) Receivables Turnover Related Terms

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Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sinotruk (Hong Kong) Ltd (OTCPK:SHKLY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SHKLF:USA 03808:Hong Kong 4SK:Germany

Address

No. 777 Hua’ao Road, Sinotruk Tower, Innovation Zone, Gaoxin District, Shandong Province, Ji’nan, CHN, 250101

Website

http://www.sinotruk.com

Sinotruk (Hong Kong) Ltd is an investment holding company. The company manages its business in four segments: Heavy Duty Trucks, which includes manufacture and sale of heavy-duty trucks, medium-heavy duty trucks, and related components; Light Duty Trucks & Others, which manufacture and sell of light-duty trucks, buses, etc. and related components; Engines segment manufactures engines & related parts; and Finance Segment. The vast majority of its revenue comes from the Heavy-duty trucks segment. Its geographical segments are Mainland China and Overseas.

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