Haina Intelligent Equipment International Holdings (HKSE:01645) Receivables Turnover : 2.57 (As of Dec. 2023)

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What is Haina Intelligent Equipment International Holdings 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. Haina Intelligent Equipment International Holdings's Revenue for the six months ended in Dec. 2023 was HK$262.7 Mil. Haina Intelligent Equipment International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$102.2 Mil. Hence, Haina Intelligent Equipment International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.57.

Haina Intelligent Equipment International Holdings Receivables Turnover Historical Data

The historical data trend for Haina Intelligent Equipment International Holdings'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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Haina Intelligent Equipment International Holdings Receivables Turnover Chart

Haina Intelligent Equipment International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.17

6.50

5.37

5.09

4.66

Haina Intelligent Equipment International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								2.37	2.54	2.46	1.16	2.57

Competitive Comparison of Haina Intelligent Equipment International Holdings's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Haina Intelligent Equipment International Holdings'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.

Haina Intelligent Equipment International Holdings's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haina Intelligent Equipment International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Haina Intelligent Equipment International Holdings's Receivables Turnover falls into.

Haina Intelligent Equipment International Holdings Receivables Turnover Calculation

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

Haina Intelligent Equipment International Holdings'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 )
=	383.588	/ (	(84.611	+	79.979)	/	2 )
=	383.588	/	82.295
=	4.66

Haina Intelligent Equipment International Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	262.687	/ (	(124.421	+	79.979)	/	2 )
=	262.687	/	102.2
=	2.57

Haina Intelligent Equipment International Holdings (HKSE:01645) 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.

Haina Intelligent Equipment International Holdings Receivables Turnover Related Terms

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Haina Intelligent Equipment International Holdings (HKSE:01645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haina Intelligent Equipment International Holdings Ltd (HKSE:01645) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wuli Technology Park, Economic Development Area, Fujian Province, Jinjiang, CHN

Website

https://www.haina-intelligent.com

Haina Intelligent Equipment International Holdings Ltd is an investment holding company. It is engaged in design and production of automated machines for manufacturing disposable hygiene products, including baby diapers, adult diapers, and lady sanitary napkins in the PRC. The company provides comprehensive services to its customers, from collaborating with customers on product designs and customizing its products based on specifications provided by customers, conducting quality control, delivering products to customers, installing products for customers, and providing after-sales services. Its geographical segments are China, South Korea, Indonesia, Uzbekistan, Vietnam, Thailand, Dubai, Bangladesh, Angola, Pakistan, Cambodia, and other countries.

Executives

Chang Chi Hsung	2201 Interest of corporation controlled by you
He Ziping
Hong Yiyuan
Su Chengya
Zhang Zhixiong
Prestige Name International Limited	2101 Beneficial owner

Haina Intelligent Equipment International Holdings (HKSE:01645) Headlines

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