Hunan Meihu Intelligent Manufacturing Co (SHSE:603319) Receivables Turnover : 0.74 (As of Mar. 2025)

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What is Hunan Meihu Intelligent Manufacturing 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. Hunan Meihu Intelligent Manufacturing Co's Revenue for the three months ended in Mar. 2025 was ¥524 Mil. Hunan Meihu Intelligent Manufacturing Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥711 Mil. Hence, Hunan Meihu Intelligent Manufacturing Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.74.

Hunan Meihu Intelligent Manufacturing Co Receivables Turnover Historical Data

The historical data trend for Hunan Meihu Intelligent Manufacturing 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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Hunan Meihu Intelligent Manufacturing Co Receivables Turnover Chart

Hunan Meihu Intelligent Manufacturing Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.88

4.21

3.63

3.26

2.89

Hunan Meihu Intelligent Manufacturing Co 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															0.71	0.77	0.77	0.72	0.74

Competitive Comparison of Hunan Meihu Intelligent Manufacturing Co's Receivables Turnover

For the Auto Parts subindustry, Hunan Meihu Intelligent Manufacturing 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.

Hunan Meihu Intelligent Manufacturing Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hunan Meihu Intelligent Manufacturing Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hunan Meihu Intelligent Manufacturing Co's Receivables Turnover falls into.

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Hunan Meihu Intelligent Manufacturing Co Receivables Turnover Calculation

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

Hunan Meihu Intelligent Manufacturing Co'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 )
=	1977.356	/ (	(655.986	+	713.91)	/	2 )
=	1977.356	/	684.948
=	2.89

Hunan Meihu Intelligent Manufacturing Co'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 )
=	523.741	/ (	(713.91	+	708.311)	/	2 )
=	523.741	/	711.1105
=	0.74

Hunan Meihu Intelligent Manufacturing Co (SHSE:603319) 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.

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Hunan Meihu Intelligent Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hunan Meihu Intelligent Manufacturing Co Ltd (SHSE:603319) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 69, North Hengyue Road, Hengdong County, Hunan Province, Chengguan, CHN, 421400

Website

http://www.hnjyb.com

Hunan Meihu Intelligent Manufacturing Co Ltd manufactures and sells oil pumps including diesel engine pumps, gasoline, mechanical and electric control variable displacement oil pumps, cooling water pumps and among others.

Executives

Zhou Yong	Director
Xu Teng	Directors, senior managers
Yan Li Juan	senior management
Wang Bin	senior management
Chen Guo Rong	Director
Cai Hao	senior management
Huang Jin Hui	senior management
Tan Xiao Ping	Director
Xu Wen Hui	Director
Chen Xiang Jun	Director
Liu Guang Ming	Director
Ding Zhen Wu	Director
Luo Da Zhi	Director
Xu Zhong Qiu	Director
Yuan Chun Hua	Director

Hunan Meihu Intelligent Manufacturing Co Headlines

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