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Huazhong In-Vehicle Holdings Co (HKSE:06830) Receivables Turnover : 1.69 (As of Dec. 2023)


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What is Huazhong In-Vehicle 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. Huazhong In-Vehicle Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$1,078 Mil. Huazhong In-Vehicle Holdings Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$637 Mil. Hence, Huazhong In-Vehicle Holdings Co's Receivables Turnover for the six months ended in Dec. 2023 was 1.69.


Huazhong In-Vehicle Holdings Co Receivables Turnover Historical Data

The historical data trend for Huazhong In-Vehicle 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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Huazhong In-Vehicle Holdings Co Receivables Turnover Chart

Huazhong In-Vehicle Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.35 3.10 2.83 2.88 3.03

Huazhong In-Vehicle Holdings Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.40 1.11 1.82 1.58 1.69

Competitive Comparison of Huazhong In-Vehicle Holdings Co's Receivables Turnover

For the Auto Parts subindustry, Huazhong In-Vehicle 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.


Huazhong In-Vehicle Holdings Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Huazhong In-Vehicle Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Huazhong In-Vehicle Holdings Co's Receivables Turnover falls into.



Huazhong In-Vehicle Holdings Co Receivables Turnover Calculation

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

Huazhong In-Vehicle 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 )
=2024.269 / ((629.967 + 705.53) / 2 )
=2024.269 / 667.7485
=3.03

Huazhong In-Vehicle Holdings Co'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 )
=1078.302 / ((568.817 + 705.53) / 2 )
=1078.302 / 637.1735
=1.69

* 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.


Huazhong In-Vehicle Holdings Co  (HKSE:06830) 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.


Huazhong In-Vehicle Holdings Co Receivables Turnover Related Terms

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Huazhong In-Vehicle Holdings Co (HKSE:06830) Business Description

Traded in Other Exchanges
N/A
Address
Number 104 Zhenan Road, Xiangshan County, Zhejiang Province, Xizhou, CHN
Huazhong In-Vehicle Holdings Co Ltd is an investment holding company, which acts as a supplier of automobile body parts. The business activity of the group includes manufacturing and sale of decorative and structural automobile parts, molds and tooling, casing, and the liquid tank of air conditioning or heater units and other non-automobile products. Geographically it operates through the region of China and derives revenue from the sale of automobile body parts.
Executives
Zhou Minfeng 2101 Beneficial owner
Chen Chun'er 2202 Interest of your spouse
Huayou Holdings Company Limited 2101 Beneficial owner

Huazhong In-Vehicle Holdings Co (HKSE:06830) Headlines

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