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Huidanitary Ware Co (SHSE:603385) Receivables Turnover : 1.21 (As of Jun. 2024)


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What is Huidanitary Ware 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. Huidanitary Ware Co's Revenue for the three months ended in Jun. 2024 was ¥893 Mil. Huidanitary Ware Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥739 Mil. Hence, Huidanitary Ware Co's Receivables Turnover for the three months ended in Jun. 2024 was 1.21.


Huidanitary Ware Co Receivables Turnover Historical Data

The historical data trend for Huidanitary Ware 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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Huidanitary Ware Co Receivables Turnover Chart

Huidanitary Ware 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 5.26 4.87 4.72 3.66 4.30

Huidanitary Ware Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.26 1.21 1.24 0.91 1.21

Competitive Comparison of Huidanitary Ware Co's Receivables Turnover

For the Building Products & Equipment subindustry, Huidanitary Ware 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.


Huidanitary Ware Co's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Huidanitary Ware Co's Receivables Turnover falls into.



Huidanitary Ware Co Receivables Turnover Calculation

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

Huidanitary Ware 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 )
=3603.515 / ((905.609 + 770.189) / 2 )
=3603.515 / 837.899
=4.30

Huidanitary Ware Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=893.423 / ((744.995 + 732.396) / 2 )
=893.423 / 738.6955
=1.21

* 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.


Huidanitary Ware Co  (SHSE:603385) 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.


Huidanitary Ware Co Receivables Turnover Related Terms

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Huidanitary Ware Co Business Description

Traded in Other Exchanges
N/A
Address
No. 7, Huida Road, Huida Ceramic World, Huanggezhuang Town, Fengnan District, Hebei Province, Tangshan City, CHN, 063307
Huida Sanitary Ware Co Ltd is a Chinese company engaged in the production and sale of sanitary ceramics products, architectural ceramics, and sanitary ware sanitary ware accessories. It offers products such as sanitary wares, bath cabinets, wall tiles, the plastic fittings, washbasin, faucets, electronic products, the bathtub and the hardware fittings. The entity offers its products to the clients all over the world.
Executives
Wang Jia Director
Zhang Chun Yu Directors, senior managers
Yin Kang Director
Wang Yan Qing Director
Wang Yan Wei Director
Wang Hui Wen Director
Du Guo Feng Director
Dong Hua Zhong Director
Yang Chun senior management

Huidanitary Ware Co Headlines

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