Henan Mingtai Al Industrial Co (SHSE:601677) Receivables Turnover : 3.93 (As of Mar. 2024)

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What is Henan Mingtai Al Industrial 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. Henan Mingtai Al Industrial Co's Revenue for the three months ended in Mar. 2024 was ¥7,185 Mil. Henan Mingtai Al Industrial Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,828 Mil. Hence, Henan Mingtai Al Industrial Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.93.

Henan Mingtai Al Industrial Co Receivables Turnover Historical Data

The historical data trend for Henan Mingtai Al Industrial 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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Henan Mingtai Al Industrial Co Receivables Turnover Chart

Henan Mingtai Al Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

19.46

20.20

25.33

28.54

25.43

Henan Mingtai Al Industrial Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.26	4.62	4.57	4.75	3.93

Competitive Comparison of Henan Mingtai Al Industrial Co's Receivables Turnover

For the Aluminum subindustry, Henan Mingtai Al Industrial 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.

Henan Mingtai Al Industrial Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Henan Mingtai Al Industrial Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Henan Mingtai Al Industrial Co's Receivables Turnover falls into.

Henan Mingtai Al Industrial Co Receivables Turnover Calculation

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

Henan Mingtai Al Industrial 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 )
=	26442.184	/ (	(800.382	+	1279.3)	/	2 )
=	26442.184	/	1039.841
=	25.43

Henan Mingtai Al Industrial Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	7185.389	/ (	(1279.3	+	2377.381)	/	2 )
=	7185.389	/	1828.3405
=	3.93

Henan Mingtai Al Industrial Co (SHSE:601677) 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.

Henan Mingtai Al Industrial Co Receivables Turnover Related Terms

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Henan Mingtai Al Industrial Co (SHSE:601677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Henan Mingtai Al Industrial Co Ltd (SHSE:601677) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Huiguo Town Development Zone, Henan Province, Gongyi, CHN, 451283

Website

http://hnmtybk.cnal.com/profile.shtml

Henan Mingtai Al Industrial Co Ltd is a China based aluminum processing enterprise. It is involved in the producing and selling aluminum products. The products offered by the company include CTP plate stock, PS plate stock, aluminum electrode capacitor foil, foil stock, deep-draw stock, brazing sheet, alloy sheet and plate, and others. The products are used in different industries such as automobile making, traffic and transportation, packaging and containers, buildings and decorations, electrical and electronic, printing, among others. The company has the business presence in China and other international countries.

Executives

Wang Li Jiao	senior management
Lei Peng	senior management
Hua Xin Min	Director
Sun Jun Xun	senior management
Sun Hui Peng	Supervisors
Liu Jie	Directors, senior managers
He Zhi Gang	senior management
Du You Dong	Director
Hao Ming Xia	senior management
Li Hao Jie	Supervisors
Lei Jing Guo	Director
Ma Yue Ping	Supervisors

Henan Mingtai Al Industrial Co (SHSE:601677) Headlines

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