HuaDian Heavy Industries Co (SHSE:601226) Receivables Turnover : 0.76 (As of Sep. 2024)

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What is HuaDian Heavy Industries 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. HuaDian Heavy Industries Co's Revenue for the three months ended in Sep. 2024 was ¥1,995 Mil. HuaDian Heavy Industries Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥2,620 Mil. Hence, HuaDian Heavy Industries Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.76.

HuaDian Heavy Industries Co Receivables Turnover Historical Data

The historical data trend for HuaDian Heavy Industries 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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HuaDian Heavy Industries Co Receivables Turnover Chart

HuaDian Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.54

5.58

6.13

4.63

3.83

HuaDian Heavy Industries Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.77	1.67	0.61	0.69	0.76

Competitive Comparison of HuaDian Heavy Industries Co's Receivables Turnover

For the Engineering & Construction subindustry, HuaDian Heavy Industries 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.

HuaDian Heavy Industries Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, HuaDian Heavy Industries Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HuaDian Heavy Industries Co's Receivables Turnover falls into.

HuaDian Heavy Industries Co Receivables Turnover Calculation

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

HuaDian Heavy Industries Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7174.495	/ (	(1765.864	+	1978.015)	/	2 )
=	7174.495	/	1871.9395
=	3.83

HuaDian Heavy Industries Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1994.588	/ (	(2586.613	+	2653.665)	/	2 )
=	1994.588	/	2620.139
=	0.76

HuaDian Heavy Industries Co (SHSE:601226) 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.

HuaDian Heavy Industries Co Receivables Turnover Related Terms

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HuaDian Heavy Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HuaDian Heavy Industries Co Ltd (SHSE:601226) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower B, Huadian Industrial Park, No.6, Automobile Museum Road, Fengtai District, Beijing, CHN

Website

http://www.hhi.com.cn

HuaDian Heavy Industries Co Ltd provides engineering solutions. The company's business covers domestic and foreign power, coal, petrochemical, mining, metallurgy, port, water conservancy, building materials, urban construction and other fields. Some of the company's services are Electric metallurgy building materials, Coal petrochemical engineering, Port engineering, Overseas engineering, Internal market engineering, Operation and maintenance, and others.

Executives

Qi Bing Sheng	senior management
Zhao Ying Jiu	senior management
Guo Shu Wang	Directors, senior managers
Xiao Dong Yu	senior management
Zhao Jiang	senior management
Yuan Xin Yong	Directors, senior managers
Zhao Sheng Guo	Director

HuaDian Heavy Industries Co Headlines

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