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Jihua Group (SHSE:601718) Receivables Turnover : 0.55 (As of Mar. 2025)


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What is Jihua 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. Jihua Group's Revenue for the three months ended in Mar. 2025 was ¥1,631 Mil. Jihua Group's average Accounts Receivable for the three months ended in Mar. 2025 was ¥2,955 Mil. Hence, Jihua Group's Receivables Turnover for the three months ended in Mar. 2025 was 0.55.


Jihua Group Receivables Turnover Historical Data

The historical data trend for Jihua 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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Jihua Group Receivables Turnover Chart

Jihua 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 4.76 5.84 5.41 3.47 3.32

Jihua 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 0.75 0.61 0.47 0.75 0.55

Competitive Comparison of Jihua Group's Receivables Turnover

For the Specialty Chemicals subindustry, Jihua 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.


Jihua Group's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jihua Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jihua Group's Receivables Turnover falls into.


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Jihua Group Receivables Turnover Calculation

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

Jihua 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 )
=9886.098 / ((3030.809 + 2920.664) / 2 )
=9886.098 / 2975.7365
=3.32

Jihua 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 )
=1631.495 / ((2920.664 + 2988.454) / 2 )
=1631.495 / 2954.559
=0.55

* 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.


Jihua Group  (SHSE:601718) 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.


Jihua Group Receivables Turnover Related Terms

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Jihua Group Business Description

Traded in Other Exchanges
N/A
Address
Hongshan Farm, Xiaoshan, Hangzhou, CHN
Jihua Group Corp Ltd is a China-based company engaged in the business of formal wear, textile printing and dyeing, professional footwear and protective equipment, ferroalloys, and medicines.
Executives
Xia Qian Jun Director
Ceng Wei Liang senior management
Han Yue Fen senior management
Qiu Wei Bing Director
Wang Ming Zeng senior management
Liu Gai Ping senior management
Liu Zhang Cheng senior management
Duan Yin Hai Directors, senior managers
He Hua Sheng senior management
Rong San You senior management
Zhou Zhang Sheng senior management
Yuan Hai Li Director
Wang Xing Zhi Director
Chen Xiang Dong Director
Li Chuan Wei senior management

Jihua Group Headlines

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