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Power HF Co (SHSE:605100) Receivables Turnover : 1.10 (As of Jun. 2024)


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What is Power HF 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. Power HF Co's Revenue for the three months ended in Jun. 2024 was ¥251 Mil. Power HF Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥230 Mil. Hence, Power HF Co's Receivables Turnover for the three months ended in Jun. 2024 was 1.10.


Power HF Co Receivables Turnover Historical Data

The historical data trend for Power HF 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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Power HF Co Receivables Turnover Chart

Power HF Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 8.03 9.63 9.65 10.07 7.42

Power HF 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 1.44 1.18 1.35 1.22 1.10

Competitive Comparison of Power HF Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Power HF 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.


Power HF Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Power HF Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Power HF Co's Receivables Turnover falls into.



Power HF Co Receivables Turnover Calculation

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

Power HF 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 )
=1352.201 / ((73.164 + 291.373) / 2 )
=1352.201 / 182.2685
=7.42

Power HF 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 )
=251.481 / ((211.166 + 247.961) / 2 )
=251.481 / 229.5635
=1.10

* 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.


Power HF Co  (SHSE:605100) 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.


Power HF Co Receivables Turnover Related Terms

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Power HF Co Business Description

Traded in Other Exchanges
N/A
Address
No. 7879 Yingqian Street, High-tech Zone, Shandong Province, Weifang, CHN, 261041
Power HF Co Ltd is engaged in the research and development, manufacturing and sales of diesel engines, core components and intelligent generator sets, as well as comprehensive operation and maintenance services for power facilities such as communication base station generator sets.

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