Hillstone Networks Co (SHSE:688030) Receivables Turnover : 0.21 (As of Mar. 2024)

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What is Hillstone Networks 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. Hillstone Networks Co's Revenue for the three months ended in Mar. 2024 was ¥151.1 Mil. Hillstone Networks Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥734.8 Mil. Hence, Hillstone Networks Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.21.

Hillstone Networks Co Receivables Turnover Historical Data

The historical data trend for Hillstone Networks 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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Hillstone Networks Co Receivables Turnover Chart

Hillstone Networks Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.29

2.51

2.19

1.21

1.20

Hillstone Networks 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															0.23	0.37	0.45	0.25	0.21

Competitive Comparison of Hillstone Networks Co's Receivables Turnover

For the Software - Infrastructure subindustry, Hillstone Networks 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.

Hillstone Networks Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Hillstone Networks Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hillstone Networks Co's Receivables Turnover falls into.

Hillstone Networks Co Receivables Turnover Calculation

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

Hillstone Networks 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 )
=	901.04	/ (	(710.441	+	793.6)	/	2 )
=	901.04	/	752.0205
=	1.20

Hillstone Networks 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 )
=	151.082	/ (	(793.6	+	676.09)	/	2 )
=	151.082	/	734.845
=	0.21

Hillstone Networks Co (SHSE:688030) 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.

Hillstone Networks Co Receivables Turnover Related Terms

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Hillstone Networks Co (SHSE:688030) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hillstone Networks Co Ltd (SHSE:688030) » Definitions » Receivables Turnover

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Address

181 Jingrun Road, Science and Technology Town, Suzhou, CHN, 215000

Website

https://www.hillstonenet.com

Hillstone Networks Co Ltd is a provider of enterprise network security and risk management solutions. Its customers include financial and educational institutions, government and service providers. The company offers visibility, intelligence and protection to ensure enterprises can comprehensively see, thoroughly understand and rapidly act against cyber-threats.

Executives

	Senior management, core technical personnel
Luo Dong Ping	Directors, senior managers

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