Heatking Induction Technology (Shiyan) Co (BJSE:838670) Receivables Turnover : 0.98 (As of Mar. 2025)

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What is Heatking Induction Technology (Shiyan) 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. Heatking Induction Technology (Shiyan) Co's Revenue for the three months ended in Mar. 2025 was ¥22.69 Mil. Heatking Induction Technology (Shiyan) Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥23.13 Mil. Hence, Heatking Induction Technology (Shiyan) Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.98.

Heatking Induction Technology (Shiyan) Co Receivables Turnover Historical Data

The historical data trend for Heatking Induction Technology (Shiyan) 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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Heatking Induction Technology (Shiyan) Co Receivables Turnover Chart

Heatking Induction Technology (Shiyan) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.07

9.25

6.89

2.82

3.59

Heatking Induction Technology (Shiyan) Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.65	0.68	0.64	1.91	0.98

Competitive Comparison of Heatking Induction Technology (Shiyan) Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Heatking Induction Technology (Shiyan) 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.

Heatking Induction Technology (Shiyan) Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heatking Induction Technology (Shiyan) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Heatking Induction Technology (Shiyan) Co's Receivables Turnover falls into.

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Heatking Induction Technology (Shiyan) Co Receivables Turnover Calculation

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

Heatking Induction Technology (Shiyan) 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 )
=	89.401	/ (	(25.272	+	24.499)	/	2 )
=	89.401	/	24.8855
=	3.59

Heatking Induction Technology (Shiyan) 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 )
=	22.692	/ (	(24.499	+	21.762)	/	2 )
=	22.692	/	23.1305
=	0.98

Heatking Induction Technology (Shiyan) Co (BJSE:838670) 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.

Heatking Induction Technology (Shiyan) Co Receivables Turnover Related Terms

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Heatking Induction Technology (Shiyan) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heatking Induction Technology (Shiyan) Co Ltd (BJSE:838670) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 6, Pulin 1st Road, Pulin Industrial Park, Hubei Province, Shiyan City, CHN, 442000

Website

https://www.syheatking.com

Heatking Induction Technology (Shiyan) Co Ltd engages in research and development, production, sales, and technical services of medium and high-end CNC induction heat treatment complete sets of equipment and key functional components. Its products comprise induction heating, machine workpiece, automotive workpiece, wind power workpiece, Heating Industry, Military Workpiece, Standard Equipment, Heat Treatment, Cooling System, Monitoring System, Power Switch, Heating Transformer, and Heating Coils & Inductors.

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