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EHGO (Eshallgo) Receivables Turnover : 1.66 (As of Mar. 2024)


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What is Eshallgo 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. Eshallgo's Revenue for the six months ended in Mar. 2024 was $8.68 Mil. Eshallgo's average Accounts Receivable for the six months ended in Mar. 2024 was $5.24 Mil. Hence, Eshallgo's Receivables Turnover for the six months ended in Mar. 2024 was 1.66.

Eshallgo Receivables Turnover Historical Data

The historical data trend for Eshallgo'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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Eshallgo Receivables Turnover Chart

Eshallgo Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
4.49 6.49 5.82 3.13 2.92

Eshallgo Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial 2.55 1.78 1.60 1.41 1.66

Competitive Comparison of Eshallgo's Receivables Turnover

For the Business Equipment & Supplies subindustry, Eshallgo'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.

Eshallgo's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Eshallgo's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eshallgo's Receivables Turnover falls into.


Eshallgo Receivables Turnover Calculation

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

Eshallgo's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=16.964 / ((6.432 + 5.2) / 2 )
=16.964 / 5.816
=2.92

Eshallgo's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=8.681 / ((5.282 + 5.2) / 2 )
=8.681 / 5.241
=1.66

* 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.

Eshallgo  (NAS:EHGO) 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.

Eshallgo Receivables Turnover Related Terms

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Eshallgo Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eshallgo Inc (NAS:EHGO) » Definitions » Receivables Turnover
Comparable Companies
TPCS EPOW FLUX LBGJ PGDED TRSG FTEK APWC CVV CETY TSE:7752 SZSE:002152 TSE:6448 TSE:8060 SHSE:603899 HNI TSE:7984 SZSE:300130 BOM:544045 TSE:4902
Traded in Other Exchanges
N/A
Address
No. 70, Lane 818, Xianing Road, Room 2554, Jinshan Industrial Zone, Pudong New District, Shanghai, CHN, 201506
Website
http://www.eshallgo.com
Eshallgo Inc. focuses on two distinct market sectors: office supply sale and leasing, and after-sale maintenance and repair. It is an authorized distributor of brands of office equipment, including HP, Epson, Xerox, Sharp, Toshiba, Konica, Kyocera, and other brands.