Shanghai Highly Group Co (SHSE:600619) Receivables Turnover : 1.93 (As of Mar. 2025)

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What is Shanghai Highly Group 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. Shanghai Highly Group Co's Revenue for the three months ended in Mar. 2025 was ¥6,753 Mil. Shanghai Highly Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥3,498 Mil. Hence, Shanghai Highly Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.93.

Shanghai Highly Group Co Receivables Turnover Historical Data

The historical data trend for Shanghai Highly Group 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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Shanghai Highly Group Co Receivables Turnover Chart

Shanghai Highly Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.71

4.46

4.17

4.98

6.86

Shanghai Highly Group Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.65	1.51	1.37	1.35	1.93

Competitive Comparison of Shanghai Highly Group Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Shanghai Highly Group 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.

Shanghai Highly Group Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Highly Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shanghai Highly Group Co's Receivables Turnover falls into.

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Shanghai Highly Group Co Receivables Turnover Calculation

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

Shanghai Highly Group Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	18747.076	/ (	(2933.075	+	2533.318)	/	2 )
=	18747.076	/	2733.1965
=	6.86

Shanghai Highly Group Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	6753.489	/ (	(2533.318	+	4463.465)	/	2 )
=	6753.489	/	3498.3915
=	1.93

Shanghai Highly Group Co (SHSE:600619) 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.

Shanghai Highly Group Co Receivables Turnover Related Terms

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Shanghai Highly Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Highly Group Co Ltd (SHSE:600619) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

900910:China

Address

No. 888 Ningqiao Road, Jinqiao Export Processing Zone, Pudong, Shanghai, Shanghai, CHN, 201206

Website

http://www.highly.cc

Shanghai Highly Group Co Ltd is a China-based company. It is principally engaged in the research and development, production and sales of compressors and related refrigeration equipment.

Executives

Zhuang Hua	Directors, senior managers
Zheng Jian Dong	Directors, senior managers
Luo Min	senior management
Zheng Min	senior management
Yuan Yuan	senior management
Ge Ming	Director
Xin Yi	Supervisors
Shen Jian Fang	Director
Feng Guo Dong	Director
Li Li	Supervisors
Qin Wen Jun	senior management
Guo Zhu Ping	Director
Lv Kang Chu	Supervisors
Dong Xiao Qing	Director
Li Li	Supervisors

Shanghai Highly Group Co Headlines

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