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HMT (Xiamen) New Technical Materials Co (SHSE:603306) Receivables Turnover : 1.04 (As of Sep. 2024)


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What is HMT (Xiamen) New Technical Materials 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. HMT (Xiamen) New Technical Materials Co's Revenue for the three months ended in Sep. 2024 was ¥571 Mil. HMT (Xiamen) New Technical Materials Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥547 Mil. Hence, HMT (Xiamen) New Technical Materials Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.04.


HMT (Xiamen) New Technical Materials Co Receivables Turnover Historical Data

The historical data trend for HMT (Xiamen) New Technical Materials 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.

* Premium members only.

HMT (Xiamen) New Technical Materials Co Receivables Turnover Chart

HMT (Xiamen) New Technical Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.33 2.83 3.65 3.87 3.62

HMT (Xiamen) New Technical Materials 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 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 1.03 0.98 0.83 0.95 1.04

Competitive Comparison of HMT (Xiamen) New Technical Materials Co's Receivables Turnover

For the Textile Manufacturing subindustry, HMT (Xiamen) New Technical Materials 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.


HMT (Xiamen) New Technical Materials Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, HMT (Xiamen) New Technical Materials Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HMT (Xiamen) New Technical Materials Co's Receivables Turnover falls into.



HMT (Xiamen) New Technical Materials Co Receivables Turnover Calculation

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

HMT (Xiamen) New Technical Materials 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 )
=2055.346 / ((520.852 + 614.439) / 2 )
=2055.346 / 567.6455
=3.62

HMT (Xiamen) New Technical Materials 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 )
=570.975 / ((537.962 + 556.493) / 2 )
=570.975 / 547.2275
=1.04

* 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.


HMT (Xiamen) New Technical Materials Co  (SHSE:603306) 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.


HMT (Xiamen) New Technical Materials Co Receivables Turnover Related Terms

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HMT (Xiamen) New Technical Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 31 Xingbei Road, Jimei District, Xiamen, CHN, 361022
HMT (Xiamen) New Technical Materials Co Ltd is an enterprise integrating research and development, production and sales of fabrics. Its business covers automotive airbag cloth, automobile airbag bag/OPW, safety belt, mesh cloth, bulletproof cloth, and other industrial fabrics.
Executives
Zhang Chu Quan Director
Cao Yao Feng senior management
Chen Shao Lin senior management
Cui Guang San senior management
Xiao Jian Bo senior management
Hu Shi Yuan Director
Jiang Wei Jun Directors, senior managers
Xie Mei Zai Supervisors

HMT (Xiamen) New Technical Materials Co Headlines

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