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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. Shanghai Haixin Group Co's Revenue for the
three
months ended in Jun. 2026 was ¥161.7 Mil. Shanghai Haixin Group Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was ¥59.0 Mil.
Hence, Shanghai Haixin Group Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 2.74.
Shanghai Haixin Group Co (SHSE:600851) 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 Haixin Group Co Receivables Turnover Related Terms
Shanghai Haixin Group Co Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Shanghai Haixin 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.
Shanghai Haixin Group Co Receivables Turnover Chart
SHSE:600851 vs MMM, HON: Receivables Turnover Comparison
For the Conglomerates subindustry, Shanghai Haixin 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 Haixin Group Co Receivables Turnover vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Shanghai Haixin Group Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Shanghai Haixin Group 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.
Shanghai Haixin Group Co (SHSE:600851) has a Receivables Turnover of 2.74 as of Jun. 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 Shanghai Haixin Group Co and its competitors. According to the industry distribution chart, Shanghai Haixin Group Co ranks #109 out of 530 companies in the Conglomerates industry, placing it in the top 20.6%.
Is Shanghai Haixin Group Co's Receivables Turnover too high?
Shanghai Haixin Group Co's current Receivables Turnover is 2.74. The Conglomerates industry median Receivables Turnover is 6.38. Shanghai Haixin Group Co's value of 2.74 is 57% below this industry median. Based on the distribution chart, Shanghai Haixin Group Co ranks #109 out of 530 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai Haixin Group Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Haixin Group Co's Receivables Turnover compare to MMM and HON?
According to the Conglomerates industry distribution chart, Shanghai Haixin Group Co ranks #109 out of 530 companies for Receivables Turnover. This places Shanghai Haixin Group Co in the top 21% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 6.38. Shanghai Haixin Group Co's value of 2.74 is 57% below 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 Conglomerates company?
The median Receivables Turnover among Conglomerates companies is 6.38, based on 530 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. Shanghai Haixin Group Co's current Receivables Turnover of 2.74 is 57% below 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 Shanghai Haixin Group Co and its competitors. For the Conglomerates industry, the median Receivables Turnover is 6.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Haixin Group Co's current Receivables Turnover is 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Haixin Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Haixin Group Co (SHSE:600851) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.27, compared to a current price of ¥8.50 — trading 61.3% above its estimated fair value. The current Receivables Turnover is 2.74 and 57% below the Conglomerates industry median of 6.38. Shanghai Haixin Group Co's overall GF Score™ is 57/100 with 7 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 Shanghai Haixin Group Co (SHSE:600851), the current Receivables Turnover is 2.74 as of Jun. 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 Shanghai Haixin Group Co (SHSE:600851) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Haixin Group Co stock appears to be overvalued.
The current stock price of ¥8.50 is trading 61.3% above its estimated GF Value™ of ¥5.27.
GuruFocus considers Shanghai Haixin Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:600851:
Receivables Turnover: 2.74
GF Value™: ¥5.27 vs. price of ¥8.50 (61.3% above fair value)
Industry Position: 57% below the Conglomerates median (#109 of 530)
No single metric tells the full story. See the SHSE:600851 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Haixin Group Co Ltd is a China-based company engaged in the pharmaceuticals business. The Pharmaceutical segment is mainly engaged in the manufacture and sales of pharmaceutical products. Further, it is also involved in financial investment, industrial plant rental management, and textile products business. Geographically, the activities are carried out through China.
57GF Score
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