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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. Hengli Petrochemical Co's Revenue for the
three
months ended in Mar. 2026 was ¥49,210 Mil. Hengli Petrochemical Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was ¥655 Mil.
Hence, Hengli Petrochemical Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 75.10.
Hengli Petrochemical Co (SHSE:600346) 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.
Hengli Petrochemical Co Receivables Turnover Related Terms
Hengli Petrochemical Co Receivables Turnover Historical Data
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The historical data trend for Hengli Petrochemical 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.
Hengli Petrochemical Co Receivables Turnover Chart
SHSE:600346 vs DOW: Receivables Turnover Comparison
For the Chemicals subindustry, Hengli Petrochemical 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.
Hengli Petrochemical Co Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hengli Petrochemical Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Hengli Petrochemical Co's Receivables Turnover falls into.
* 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.
Hengli Petrochemical Co (SHSE:600346) has a Receivables Turnover of 75.10 as of Mar. 2026. The accounts 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. View historical data on Hengli Petrochemical Co and its competitors. According to the industry distribution chart, Hengli Petrochemical Co ranks #17 out of 1577 companies in the Chemicals industry, placing it in the top 1.1%.
Is Hengli Petrochemical Co's Receivables Turnover too high?
Hengli Petrochemical Co's current Receivables Turnover is 75.10. The Chemicals industry median Receivables Turnover is 5.61. Hengli Petrochemical Co's value of 75.10 is 1238.7% above this industry median. Based on the distribution chart, Hengli Petrochemical Co ranks #17 out of 1577 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Hengli Petrochemical Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengli Petrochemical Co's Receivables Turnover compare to DOW?
According to the Chemicals industry distribution chart, Hengli Petrochemical Co ranks #17 out of 1577 companies for Receivables Turnover. This places Hengli Petrochemical Co in the top 1% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.61. Hengli Petrochemical Co's value of 75.10 is 1238.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.61, based on 1,577 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hengli Petrochemical Co's current Receivables Turnover of 75.10 is 1238.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Hengli Petrochemical Co and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengli Petrochemical Co's current Receivables Turnover is 75.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengli Petrochemical Co stock overvalued right now?
Based on GuruFocus' analysis, Hengli Petrochemical Co (SHSE:600346) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥12.59, compared to a current price of ¥18.15 — trading 44.2% above its estimated fair value. The current Receivables Turnover is 75.10 and 1238.7% above the Chemicals industry median of 5.61. Hengli Petrochemical Co's overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Hengli Petrochemical Co (SHSE:600346), the current Receivables Turnover is 75.10 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hengli Petrochemical Co (SHSE:600346) Overvalued in 2026?
Based on GuruFocus' analysis, Hengli Petrochemical Co stock appears to be overvalued.
The current stock price of ¥18.15 is trading 44.2% above its estimated GF Value™ of ¥12.59.
GuruFocus considers Hengli Petrochemical Co to be Significantly Overvalued.
Key valuation signals for SHSE:600346:
Receivables Turnover: 75.10
GF Value™: ¥12.59 vs. price of ¥18.15 (44.2% above fair value)
Industry Position: 1238.7% above the Chemicals median (#17 of 1577)
No single metric tells the full story. See the SHSE:600346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengli Petrochemical Co Ltd engages in the petrochemical industry. Its principal activities include: the production and sales of chemical fibers; sales of purified terephthalic acid; and import and export of goods. The company's main products include oil refining products, chemical products, PTA, polyester chips, polyester fibers, and films, among others. The company mainly operates in three business segments: the Petrochemical business segment, the Polyester business segment, and the Headquarters and other business segments. Maximum revenue is generated from the Petrochemical segment. Geographically, the company earns maximum revenue from overseas markets through exports.
63GF Score
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