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Vicem Ha Tien Cement JSC (STC:HT1) Receivables Turnover : 6.76 (As of Mar. 2025)


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What is Vicem Ha Tien Cement JSC 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. Vicem Ha Tien Cement JSC's Revenue for the three months ended in Mar. 2025 was ₫1,586,827 Mil. Vicem Ha Tien Cement JSC's average Accounts Receivable for the three months ended in Mar. 2025 was ₫234,728 Mil. Hence, Vicem Ha Tien Cement JSC's Receivables Turnover for the three months ended in Mar. 2025 was 6.76.


Vicem Ha Tien Cement JSC Receivables Turnover Historical Data

The historical data trend for Vicem Ha Tien Cement JSC'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.

* Premium members only.

Vicem Ha Tien Cement JSC Receivables Turnover Chart

Vicem Ha Tien Cement JSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.90 23.18 34.38 26.14 26.53

Vicem Ha Tien Cement JSC 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 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 5.20 6.72 5.93 7.08 6.76

Competitive Comparison of Vicem Ha Tien Cement JSC's Receivables Turnover

For the Building Materials subindustry, Vicem Ha Tien Cement JSC'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.


Vicem Ha Tien Cement JSC's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Vicem Ha Tien Cement JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vicem Ha Tien Cement JSC's Receivables Turnover falls into.


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Vicem Ha Tien Cement JSC Receivables Turnover Calculation

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

Vicem Ha Tien Cement JSC'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 )
=6884245.697 / ((278817.01 + 240158.234) / 2 )
=6884245.697 / 259487.622
=26.53

Vicem Ha Tien Cement JSC'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 )
=1586826.535 / ((240158.234 + 229298.253) / 2 )
=1586826.535 / 234728.2435
=6.76

* 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.


Vicem Ha Tien Cement JSC  (STC:HT1) 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.


Vicem Ha Tien Cement JSC Receivables Turnover Related Terms

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Vicem Ha Tien Cement JSC Business Description

Traded in Other Exchanges
N/A
Address
No 360 Ben Chuong Duong, Cau Kho Ward, District 1, Ho Chi Minh City, VNM
Vicem Ha Tien Cement JSC is engaged in the manufacture and trade of cement, cement products, and other construction materials. Its products include Mortar, Brick Block, and Self-inserting bricks.

Vicem Ha Tien Cement JSC Headlines

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