Henan Tongxin Transmission Co (BJSE:833454) Receivables Turnover : 0.38 (As of Sep. 2024)

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What is Henan Tongxin Transmission 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 Tongxin Transmission Co's Revenue for the three months ended in Sep. 2024 was ¥30.7 Mil. Henan Tongxin Transmission Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥79.8 Mil. Hence, Henan Tongxin Transmission Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.38.

Henan Tongxin Transmission Co Receivables Turnover Historical Data

The historical data trend for Henan Tongxin Transmission 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 Tongxin Transmission Co Receivables Turnover Chart

Henan Tongxin Transmission Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.87

3.88

2.84

2.63

2.07

Henan Tongxin Transmission Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.33	0.37	0.36	0.42	0.38

Competitive Comparison of Henan Tongxin Transmission Co's Receivables Turnover

For the Auto Parts subindustry, Henan Tongxin Transmission 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 Tongxin Transmission Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Henan Tongxin Transmission Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Henan Tongxin Transmission Co's Receivables Turnover falls into.

Henan Tongxin Transmission Co Receivables Turnover Calculation

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

Henan Tongxin Transmission 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 )
=	150.362	/ (	(71.948	+	73.209)	/	2 )
=	150.362	/	72.5785
=	2.07

Henan Tongxin Transmission Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	30.661	/ (	(79.436	+	80.071)	/	2 )
=	30.661	/	79.7535
=	0.38

Henan Tongxin Transmission Co (BJSE:833454) 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 Tongxin Transmission Co Receivables Turnover Related Terms

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Henan Tongxin Transmission Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Henan Tongxin Transmission Co Ltd (BJSE:833454) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

South of Changqing Street, Economic and Technological Development Zone, Weidu District, Henan Province, Xuchang City, CHN, 461000

Website

http://www.hntxcd.com

Henan Tongxin Transmission Co Ltd engages in the research and development, production, and sales of all kinds of automobile drive shafts, providing comprehensive one-stop solutions for industry customers. Its product offerings comprise Drive shaft with support (front axle), Telescopic Drive Shaft (Rear Shaft), Coupled drive shafts, Wing drive shafts, and spare parts.

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