Ximei Resources Holding (HKSE:09936) Receivables Turnover : 2.52 (As of Dec. 2023)

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What is Ximei Resources Holding 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. Ximei Resources Holding's Revenue for the six months ended in Dec. 2023 was HK$843 Mil. Ximei Resources Holding's average Accounts Receivable for the six months ended in Dec. 2023 was HK$335 Mil. Hence, Ximei Resources Holding's Receivables Turnover for the six months ended in Dec. 2023 was 2.52.

Ximei Resources Holding Receivables Turnover Historical Data

The historical data trend for Ximei Resources Holding'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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Ximei Resources Holding Receivables Turnover Chart

Ximei Resources Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.98

6.15

7.64

7.37

6.54

Ximei Resources Holding Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								2.78	3.16	3.02	2.44	2.52

Competitive Comparison of Ximei Resources Holding's Receivables Turnover

For the Specialty Chemicals subindustry, Ximei Resources Holding'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.

Ximei Resources Holding's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ximei Resources Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ximei Resources Holding's Receivables Turnover falls into.

Ximei Resources Holding Receivables Turnover Calculation

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

Ximei Resources Holding'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 )
=	1534.757	/ (	(183.386	+	286.2)	/	2 )
=	1534.757	/	234.793
=	6.54

Ximei Resources Holding'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 )
=	842.77	/ (	(383.163	+	286.2)	/	2 )
=	842.77	/	334.6815
=	2.52

Ximei Resources Holding (HKSE:09936) 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.

Ximei Resources Holding Receivables Turnover Related Terms

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Ximei Resources Holding (HKSE:09936) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ximei Resources Holding Ltd (HKSE:09936) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongqiao Village, Qiaotou Town, Guangdong Province, Yingde, CHN

Website

http://www.zhiyuanm.com

Ximei Resources Holding Ltd produces tantalum- and niobium-based metallurgical products in China. Tantalum- and niobium-based metallurgical products are essential in the downstream manufacture of many products used in high-tech industries, such as special alloy, chemical, electronic ceramics, aeronautics, aerospace, high-end electronics, defence and hard alloy. Its principal products are tantalum pentoxide and niobium pentoxide. It also produces and sells potassium heptafluorotantalate. The company sells processed products such as tantalum bars, tantalum carbide, niobium bars and niobium powder, which are produced by engaging third-party metallurgy companies to process the pentoxide products and potassium heptafluorotantalate it produces or purchased from third-party metallurgy companies.

Executives

Ganfeng Lithium Co., Ltd.	2101 Beneficial owner
Jiawei Resources Holding Limited	2101 Beneficial owner
Ruan Xiaomei	2202 Interest of your spouse
Wu Lijue	2201 Interest of corporation controlled by you

Ximei Resources Holding (HKSE:09936) Headlines

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