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Jiangsu High Hope International Group (SHSE:600981) Receivables Turnover : 2.70 (As of Mar. 2025)


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What is Jiangsu High Hope International Group 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. Jiangsu High Hope International Group's Revenue for the three months ended in Mar. 2025 was ¥11,086 Mil. Jiangsu High Hope International Group's average Accounts Receivable for the three months ended in Mar. 2025 was ¥4,104 Mil. Hence, Jiangsu High Hope International Group's Receivables Turnover for the three months ended in Mar. 2025 was 2.70.


Jiangsu High Hope International Group Receivables Turnover Historical Data

The historical data trend for Jiangsu High Hope International Group'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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Jiangsu High Hope International Group Receivables Turnover Chart

Jiangsu High Hope International Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.69 14.29 15.76 17.58 14.95

Jiangsu High Hope International Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.73 4.58 3.94 4.62 2.70

Competitive Comparison of Jiangsu High Hope International Group's Receivables Turnover

For the Conglomerates subindustry, Jiangsu High Hope International Group'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.


Jiangsu High Hope International Group's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jiangsu High Hope International Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangsu High Hope International Group's Receivables Turnover falls into.


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Jiangsu High Hope International Group Receivables Turnover Calculation

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

Jiangsu High Hope International Group'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 )
=54233.745 / ((2842.745 + 4412.472) / 2 )
=54233.745 / 3627.6085
=14.95

Jiangsu High Hope International Group'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 )
=11086.183 / ((4412.472 + 3795.026) / 2 )
=11086.183 / 4103.749
=2.70

* 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.


Jiangsu High Hope International Group  (SHSE:600981) 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.


Jiangsu High Hope International Group Receivables Turnover Related Terms

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Jiangsu High Hope International Group Business Description

Traded in Other Exchanges
N/A
Address
No. 91 Baiye Road, Jiangsu Province, Nanjing, CHN, 210002
Jiangsu High Hope International Group Corp imports and exports textile products, apparel, silk, and fashion accessories such as handbags, shoes, and hats.
Executives
Gu Song Tao Supervisors
Cao Hui Rong senior management
Fan Yun Tao senior management
Jiang Jin Hua Director
Fang Chun Ling Director
Liu Yu Zhang Director
Zhou Chun Shan senior management
Li Ning senior management
Zhu Lin Sheng senior management

Jiangsu High Hope International Group Headlines

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