Jiangxi Hungpai New Material Co (SHSE:605366) Receivables Turnover : 1.08 (As of Mar. 2024)

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What is Jiangxi Hungpai New Material 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. Jiangxi Hungpai New Material Co's Revenue for the three months ended in Mar. 2024 was ¥377 Mil. Jiangxi Hungpai New Material Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥349 Mil. Hence, Jiangxi Hungpai New Material Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.08.

Jiangxi Hungpai New Material Co Receivables Turnover Historical Data

The historical data trend for Jiangxi Hungpai New Material 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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Jiangxi Hungpai New Material Co Receivables Turnover Chart

Jiangxi Hungpai New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.56

4.08

4.47

4.83

4.01

Jiangxi Hungpai New Material Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.92	1.02	1.10	1.05	1.08

Competitive Comparison of Jiangxi Hungpai New Material Co's Receivables Turnover

For the Chemicals subindustry, Jiangxi Hungpai New Material 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.

Jiangxi Hungpai New Material Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangxi Hungpai New Material Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangxi Hungpai New Material Co's Receivables Turnover falls into.

Jiangxi Hungpai New Material Co Receivables Turnover Calculation

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

Jiangxi Hungpai New Material 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 )
=	1385.021	/ (	(347.515	+	342.842)	/	2 )
=	1385.021	/	345.1785
=	4.01

Jiangxi Hungpai New Material Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	377.271	/ (	(342.842	+	354.318)	/	2 )
=	377.271	/	348.58
=	1.08

Jiangxi Hungpai New Material Co (SHSE:605366) 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.

Jiangxi Hungpai New Material Co Receivables Turnover Related Terms

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Jiangxi Hungpai New Material Co (SHSE:605366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Hungpai New Material Co Ltd (SHSE:605366) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Industrial 9th ??Road, Tashan Industrial Park, Jiangxi Province, Leping, CHN, 333332

Website

http://www.hungpai.net

Jiangxi Hungpai New Material Co Ltd is engaged in research and development, production and sales of new silicon-based materials such as functional silanes, nano-silicon materials and other chemical additives. The company's products include Silane Coupling Agent, Anti-Reversion Agent, Antioxidant Agent, Manufacturing Additive Agent, Prevent Blooming Agent, Raw Chemical Material, Silicone Products Series, Fumed Silica, Anti-Adherent Agent, and Silane coupling agent series.

Executives

Lin Qing Song	Director
Ji Jin Shu	Director
Zhang Jie	senior management
Song Jian Kun	Supervisors
Hu Cheng Fa	senior management
Lang Feng Ping	Directors, senior managers
Li Ming Zai	senior management
Chen Jie	senior management
Wu Hua	Director

Jiangxi Hungpai New Material Co (SHSE:605366) Headlines

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