Shandong Hiacent Technology Co (BJSE:837092) Receivables Turnover : 0.09 (As of Mar. 2025)

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What is Shandong Hiacent 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. Shandong Hiacent Technology Co's Revenue for the three months ended in Mar. 2025 was ¥34.6 Mil. Shandong Hiacent Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥367.1 Mil. Hence, Shandong Hiacent Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.09.

Shandong Hiacent Technology Co Receivables Turnover Historical Data

The historical data trend for Shandong Hiacent 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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Shandong Hiacent Technology Co Receivables Turnover Chart

Shandong Hiacent Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.01

0.95

0.55

1.33

0.84

Shandong Hiacent 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															0.09	0.31	0.09	0.37	0.09

Competitive Comparison of Shandong Hiacent Technology Co's Receivables Turnover

For the Information Technology Services subindustry, Shandong Hiacent 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.

Shandong Hiacent Technology Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Shandong Hiacent Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shandong Hiacent Technology Co's Receivables Turnover falls into.

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Shandong Hiacent Technology Co Receivables Turnover Calculation

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

Shandong Hiacent 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 )
=	271.865	/ (	(289.092	+	358.444)	/	2 )
=	271.865	/	323.768
=	0.84

Shandong Hiacent 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 )
=	34.601	/ (	(358.444	+	375.656)	/	2 )
=	34.601	/	367.05
=	0.09

Shandong Hiacent Technology Co (BJSE:837092) 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.

Shandong Hiacent Technology Co Receivables Turnover Related Terms

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Shandong Hiacent Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shandong Hiacent Technology Co Ltd (BJSE:837092) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 1, Lanhai Road, Building 4, High-tech Zone, Shandong Province, Yantai City, CHN, 264005

Website

https://www.hiacent.cn

Shandong Hiacent Technology Co Ltd provides digital transformation services for the government and enterprises, and has three provincial innovation platforms: Shandong Enterprise Technology Center, Shandong One Enterprise One Technology Center, and Shandong Software Engineering Technology Center. The company mainly has three major businesses: industrial intelligent manufacturing business, vehicle-road collaborative intelligent transportation business, and new smart city business.

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