Jinhui Holdings Co (FRA:JHU1) Receivables Turnover : 49.79 (As of Jun. 2024)

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What is Jinhui Holdings 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. Jinhui Holdings Co's Revenue for the six months ended in Jun. 2024 was €64.1 Mil. Jinhui Holdings Co's average Accounts Receivable for the six months ended in Jun. 2024 was €1.3 Mil. Hence, Jinhui Holdings Co's Receivables Turnover for the six months ended in Jun. 2024 was 49.79.

Jinhui Holdings Co Receivables Turnover Historical Data

The historical data trend for Jinhui Holdings 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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Jinhui Holdings Co Receivables Turnover Chart

Jinhui Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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41.64

40.39

97.45

89.45

68.29

Jinhui Holdings Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															37.01	36.68	28.87	40.80	49.79

Competitive Comparison of Jinhui Holdings Co's Receivables Turnover

For the Marine Shipping subindustry, Jinhui Holdings 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.

Jinhui Holdings Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jinhui Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jinhui Holdings Co's Receivables Turnover falls into.

Jinhui Holdings Co Receivables Turnover Calculation

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

Jinhui Holdings 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 )
=	74.979	/ (	(1.281	+	0.915)	/	2 )
=	74.979	/	1.098
=	68.29

Jinhui Holdings Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	64.148	/ (	(0.915	+	1.662)	/	2 )
=	64.148	/	1.2885
=	49.79

Jinhui Holdings Co (FRA:JHU1) 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.

Jinhui Holdings Co Receivables Turnover Related Terms

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Jinhui Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinhui Holdings Co Ltd (FRA:JHU1) » Definitions » Receivables Turnover

Traded in Other Exchanges

00137:Hong Kong

Address

1-6 Connaught Road West, 26th Floor, Yardley Commercial Building, Sheung Wan, Hong Kong, HKG

Website

https://www.jinhuiship.com

Jinhui Holdings Co Ltd is a Hong Kong-based investment holding company. Through its subsidiaries, the concern is principally engaged in the businesses of ship chartering and ship owning. The Group has regarded the business of ship chartering and ship owning as the only reportable operating segment. It operates a fleet of dry bulk carriers which are either used for carrying cargoes or time chartered-out to other shipping operators. The group operates internationally and generates key revenue from the ship chartering operations.

Jinhui Holdings Co Headlines

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