Fujian Haixia Environmental Protection Group Co (SHSE:603817) Receivables Turnover : 0.36 (As of Mar. 2025)

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What is Fujian Haixia Environmental Protection Group 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. Fujian Haixia Environmental Protection Group Co's Revenue for the three months ended in Mar. 2025 was ¥279 Mil. Fujian Haixia Environmental Protection Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥778 Mil. Hence, Fujian Haixia Environmental Protection Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.36.

Fujian Haixia Environmental Protection Group Co Receivables Turnover Historical Data

The historical data trend for Fujian Haixia Environmental Protection Group 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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Fujian Haixia Environmental Protection Group Co Receivables Turnover Chart

Fujian Haixia Environmental Protection Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.06

1.92

1.33

1.00

1.32

Fujian Haixia Environmental Protection Group 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															0.28	0.45	0.37	0.42	0.36

Competitive Comparison of Fujian Haixia Environmental Protection Group Co's Receivables Turnover

For the Utilities - Regulated Water subindustry, Fujian Haixia Environmental Protection Group 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.

Fujian Haixia Environmental Protection Group Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fujian Haixia Environmental Protection Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fujian Haixia Environmental Protection Group Co's Receivables Turnover falls into.

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Fujian Haixia Environmental Protection Group Co Receivables Turnover Calculation

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

Fujian Haixia Environmental Protection Group 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 )
=	1215.878	/ (	(1058.179	+	781.73)	/	2 )
=	1215.878	/	919.9545
=	1.32

Fujian Haixia Environmental Protection Group 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 )
=	278.793	/ (	(781.73	+	775.244)	/	2 )
=	278.793	/	778.487
=	0.36

Fujian Haixia Environmental Protection Group Co (SHSE:603817) 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.

Fujian Haixia Environmental Protection Group Co Receivables Turnover Related Terms

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Fujian Haixia Environmental Protection Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fujian Haixia Environmental Protection Group Co Ltd (SHSE:603817) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 16, Yangli Road, Gushan Town, Jin'an District, Fujian Province, Fuzhou, CHN, 350014

Website

http://www.fjhxhb.com

Fujian Haixia Environmental Protection Group Co Ltd is a Chinese company engaged in the businesses of sewage treatment and its recycling; investment, construction, management and maintenance of sewage treatment plant and sewage collection, treatment and discharge facilities; consultation and design of water supply and drainage engineering; equipment sales and installation; sewage treatment and sludge treatment, development. In addition, it is also involved in the business of technology transfer; training and appraisal of urban sewage treatment workers; water pollution control; and solid waste treatment and power generation.

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