Highpower International (Highpower International) Receivables Turnover : 1.18 (As of Jun. 2019)

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What is Highpower International 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. Highpower International's Revenue for the three months ended in Jun. 2019 was $75.8 Mil. Highpower International's average Accounts Receivable for the three months ended in Jun. 2019 was $64.0 Mil. Hence, Highpower International's Receivables Turnover for the three months ended in Jun. 2019 was 1.18.

Highpower International Receivables Turnover Historical Data

The historical data trend for Highpower International'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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Highpower International Receivables Turnover Chart

Highpower International Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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4.44

4.27

4.22

4.67

4.34

Highpower International Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Receivables Turnover	Get a 7-Day Free Trial															1.10	1.27	1.12	0.85	1.18

Competitive Comparison of Highpower International's Receivables Turnover

For the Electronic Components subindustry, Highpower International'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.

Highpower International's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Highpower International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Highpower International's Receivables Turnover falls into.

Highpower International Receivables Turnover Calculation

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

Highpower International's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	293.932	/ (	(58.253	+	77.28)	/	2 )
=	293.932	/	67.7665
=	4.34

Highpower International's Receivables Turnover for the quarter that ended in Jun. 2019 is calculated as

	Receivables Turnover (Q: Jun. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2019 )	/ (	(Accounts Receivable (Q: Mar. 2019 )	+	Accounts Receivable (Q: Jun. 2019 ))	/	count )
=	75.807	/ (	(59.038	+	68.999)	/	2 )
=	75.807	/	64.0185
=	1.18

Highpower International (NAS:HPJ) 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.

Highpower International Receivables Turnover Related Terms

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Highpower International (Highpower International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Highpower International Inc (NAS:HPJ) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Building A1, 68 Xinxia Street, Pinghu, Longgang, Guangdong, Shenzhen, CHN, 518111

Website

http://www.highpowertech.com

Highpower International Inc is a part of the United States' technology sector. Its key product is rechargeable batteries meant for consumer and industrial applications. The Company operates through three segments: Lithium Batteries, Ni-MH Batteries and New Material. The Lituhium Batteries segment, which helps generate the highest share of revenue, deals with the production of Lithium-ion (Li-ion) and Lithium polymer rechargeable batteries for consumer applications, such as consumer electronic products, mobile devices and wireless communication products. The company distributes its products globally, with special emphasis to China.

Executives

Richard Rappaport	director, 10 percent owner, officer: President	1900 AVENUE OF THE STARS, SUITE 301, LOS ANGELES CA 90067
Debbie Schwartzberg	10 percent owner	C/O SRKP 1, INC., 1900 AVENUE OF THE STARS, SUITE 310, LOS ANGELES CA 90067
Anthony C Pintsopoulos	director, 10 percent owner, officer: Secretary & CFO	1063 HILLSBORO MILE, SUITE 502, HILLSBORO BEACH FL 33062