JH Educational Technology (HKSE:01935) Receivables Turnover : 463.33 (As of Dec. 2023)

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What is JH Educational Technology 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. JH Educational Technology's Revenue for the six months ended in Dec. 2023 was HK$472.8 Mil. JH Educational Technology's average Accounts Receivable for the six months ended in Dec. 2023 was HK$1.0 Mil. Hence, JH Educational Technology's Receivables Turnover for the six months ended in Dec. 2023 was 463.33.

JH Educational Technology Receivables Turnover Historical Data

The historical data trend for JH Educational Technology'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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JH Educational Technology Receivables Turnover Chart

JH Educational Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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380.82

554.27

778.69

679.53

520.00

JH Educational Technology Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									885.40	914.85	441.01	425.22	463.33

Competitive Comparison of JH Educational Technology's Receivables Turnover

For the Education & Training Services subindustry, JH Educational Technology'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.

JH Educational Technology's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, JH Educational Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where JH Educational Technology's Receivables Turnover falls into.

JH Educational Technology Receivables Turnover Calculation

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

JH Educational Technology'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 )
=	955.246	/ (	(1.951	+	1.723)	/	2 )
=	955.246	/	1.837
=	520.00

JH Educational Technology'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 )
=	472.83	/ (	(0.318	+	1.723)	/	2 )
=	472.83	/	1.0205
=	463.33

JH Educational Technology (HKSE:01935) 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.

JH Educational Technology Receivables Turnover Related Terms

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JH Educational Technology (HKSE:01935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » JH Educational Technology Inc (HKSE:01935) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 618, Liuweng Road, Liushi Town, Yueqing, CHN

Website

http://www.jheduchina.com

JH Educational Technology Inc is engaged in the provision of higher and secondary education services and related management services in the People's Republic of China (the PRC). In addition to offering higher education, it also provides education to high school students in Zhejiang province. It controls and operates three schools, namely Zhengzhou College of Economics and Business, Zhejiang Changzheng Vocational & Technical College, and Yueqing Jingyi Secondary School. Geographically company generates its revenue from China.

Executives

Feng’s Investment Holdings Limited	2101 Beneficial owner
Chen Ling Feng	2201 Interest of corporation controlled by you
Chen Shu	2201 Interest of corporation controlled by you
Chen Yu Cao	2201 Interest of corporation controlled by you
Nan Luo Qiu	2202 Interest of your spouse
Cao’s Investment Holdings Limited	2101 Beneficial owner
Chen Yu Dian	2202 Interest of your spouse
Chen Yu Chun	2201 Interest of corporation controlled by you
Zheng Sui Lan	2202 Interest of your spouse
Zhang Xu Li	2201 Interest of corporation controlled by you
Chun’s Investment Holdings Limited	2101 Beneficial owner
Zxl Investment Holdings Limited	2101 Beneficial owner
Lin Yun Ru	2202 Interest of your spouse
Shu’s Investment Holdings Limited	2101 Beneficial owner
Chen Yu Guo	2201 Interest of corporation controlled by you

JH Educational Technology (HKSE:01935) Headlines

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