Hainan Haiyao Co (SZSE:000566) Receivables Turnover : 0.57 (As of Jun. 2024)

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What is Hainan Haiyao 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. Hainan Haiyao Co's Revenue for the three months ended in Jun. 2024 was ¥230 Mil. Hainan Haiyao Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥406 Mil. Hence, Hainan Haiyao Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.57.

Hainan Haiyao Co Receivables Turnover Historical Data

The historical data trend for Hainan Haiyao 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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Hainan Haiyao Co Receivables Turnover Chart

Hainan Haiyao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.71

3.41

3.46

4.40

4.30

Hainan Haiyao 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															1.22	0.77	0.63	0.90	0.57

Competitive Comparison of Hainan Haiyao Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Hainan Haiyao 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.

Hainan Haiyao Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hainan Haiyao Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hainan Haiyao Co's Receivables Turnover falls into.

Hainan Haiyao Co Receivables Turnover Calculation

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

Hainan Haiyao 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 )
=	1478.581	/ (	(326.448	+	361.505)	/	2 )
=	1478.581	/	343.9765
=	4.30

Hainan Haiyao 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 )
=	230.411	/ (	(442.246	+	369.329)	/	2 )
=	230.411	/	405.7875
=	0.57

Hainan Haiyao Co (SZSE:000566) 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.

Hainan Haiyao Co Receivables Turnover Related Terms

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Hainan Haiyao Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hainan Haiyao Co Ltd (SZSE:000566) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.192 Nanhai Avenue, Xiuying District, Haikou, Hainan, CHN, 570105

Website

http://www.haiyao.com.cn

Hainan Haiyao Co Ltd is a China-based company engages in the research, development, manufacture, and sale of medicines and medical instrument. Its product includes cephalosporin series, stomach and intestine medicines, anti-tumor medicines, cochlear implant series, bulk drugs and intermediate series. The company distributes its products in domestic market and to overseas market. Digital China Information Service Co Ltd is a China-based company principally engaged in software and information technology (IT) service industry. Its services include technical services, agricultural informatization, application software development, special financial equipment, and integrated solutions for the financial, government, enterprises, telecommunications, agriculture, and other industries.

Executives

Li Ri Meng	Directors, executives
Bai Zhi Quan	Directors, executives
Zhou Qing Guo	Supervisors
Chen Yi Hong	Directors, executives
Wang Wei	Directors, executives
Ji Ping	Executives
Xu Li Hong	Directors, executives
Zhang Hui	Executives
Wang Jun Hong	Executives
Li Mi Sheng	Executives
Feng Bai Chang	Executives
Wang Gang	Executives
Ceng Yu Ping	Director

Hainan Haiyao Co Headlines

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