Mingguang Haomiao Security Protection Technology Co (BJSE:831856) Receivables Turnover : 0.30 (As of Mar. 2025)

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What is Mingguang Haomiao Security Protection 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. Mingguang Haomiao Security Protection Technology Co's Revenue for the three months ended in Mar. 2025 was ¥98.4 Mil. Mingguang Haomiao Security Protection Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥326.2 Mil. Hence, Mingguang Haomiao Security Protection Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.30.

Mingguang Haomiao Security Protection Technology Co Receivables Turnover Historical Data

The historical data trend for Mingguang Haomiao Security Protection 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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Mingguang Haomiao Security Protection Technology Co Receivables Turnover Chart

Mingguang Haomiao Security Protection Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.70

2.54

2.01

2.45

2.00

Mingguang Haomiao Security Protection Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.22	0.60	0.79	1.02	0.30

Competitive Comparison of Mingguang Haomiao Security Protection Technology Co's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Mingguang Haomiao Security Protection 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.

Mingguang Haomiao Security Protection Technology Co's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Mingguang Haomiao Security Protection Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mingguang Haomiao Security Protection Technology Co's Receivables Turnover falls into.

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Mingguang Haomiao Security Protection Technology Co Receivables Turnover Calculation

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

Mingguang Haomiao Security Protection Technology Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	544.598	/ (	(175.818	+	369.915)	/	2 )
=	544.598	/	272.8665
=	2.00

Mingguang Haomiao Security Protection Technology Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	98.397	/ (	(369.915	+	282.473)	/	2 )
=	98.397	/	326.194
=	0.30

Mingguang Haomiao Security Protection Technology Co (BJSE:831856) 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.

Mingguang Haomiao Security Protection Technology Co Receivables Turnover Related Terms

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Mingguang Haomiao Security Protection Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Mingguang Haomiao Security Protection Technology Co Ltd (BJSE:831856) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 151 Tiyu Road, Anhui Province, Mingguang, CHN, 239400

Website

https://www.hmvehicle.com

Mingguang Haomiao Security Protection Technology Co Ltd is mainly engaged in the research and development, production, sales and service of various fire trucks, police special vehicles and fire simulation training equipment. The company is committed to providing fire-fighting, elevating, security, and special-purpose fire trucks for the national comprehensive fire rescue team, the government's full-time firefighting team, and the full-time firefighting teams of petroleum, chemical, port, dock, energy and other enterprises, fire simulation training equipment, police equipment, fire pumps and other emergency rescue and firefighting equipment.

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