Huitongda Network Co (HKSE:09878) Receivables Turnover : 19.48 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Huitongda Network 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. Huitongda Network Co's Revenue for the six months ended in Dec. 2023 was HK$42,718 Mil. Huitongda Network Co's average Accounts Receivable for the six months ended in Dec. 2023 was HK$2,193 Mil. Hence, Huitongda Network Co's Receivables Turnover for the six months ended in Dec. 2023 was 19.48.

Huitongda Network Co Receivables Turnover Historical Data

The historical data trend for Huitongda Network 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.

* Premium members only.

Huitongda Network Co Receivables Turnover Chart

Huitongda Network Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

71.98

61.90

53.26

46.17

44.00

Huitongda Network Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				22.78	24.65	23.17	21.65	19.48

Competitive Comparison of Huitongda Network Co's Receivables Turnover

For the Software - Application subindustry, Huitongda Network 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.

Huitongda Network Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Huitongda Network Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Huitongda Network Co's Receivables Turnover falls into.

Huitongda Network Co Receivables Turnover Calculation

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

Huitongda Network 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 )
=	90162.95	/ (	(2047.505	+	2050.605)	/	2 )
=	90162.95	/	2049.055
=	44.00

Huitongda Network 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 )
=	42718.319	/ (	(2335.276	+	2050.605)	/	2 )
=	42718.319	/	2192.9405
=	19.48

Huitongda Network Co (HKSE:09878) 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.

Huitongda Network Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Huitongda Network Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Huitongda Network Co (HKSE:09878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Huitongda Network Co Ltd (HKSE:09878) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Zhongling Street, Huitongda Building, Jiangsu Province, Nanjing, CHN

Website

https://www.htd.cn

Huitongda Network Co Ltd is a transaction and service platform serving corporate customers in China's retail industry, and is committed to providing high-quality goods and services for China's sinking market. In addition, Huitongda also provides store SaaS and merchant solutions to retail stores and channel cooperation customers in the industrial value chain by virtue of its digital capabilities, and provides a stable one-stop supply chain to member retail stores, including providing rich and diverse services on the platform.

Executives

Xu Xiuxian	2101 Beneficial owner
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Taobao China Holding Limited	2201 Interest of corporation controlled by you
Taobao Holding Limited	2201 Interest of corporation controlled by you
Zhe Jiang Tian Mao Ji Shu You Xian Gong Si	2201 Interest of corporation controlled by you
Tao Bao Zhong Guo Ruan Jian You Xian Gong Si	2201 Interest of corporation controlled by you
A Li Ba Ba Zhong Guo Wang Luo Ji Shu You Xian Gong Si	2101 Beneficial owner
Wang Jianguo

Huitongda Network Co (HKSE:09878) Headlines

No Headlines