Chengdu Hi-Tech Development Co (SZSE:000628) Receivables Turnover : 0.66 (As of Mar. 2025)

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What is Chengdu Hi-Tech Development 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. Chengdu Hi-Tech Development Co's Revenue for the three months ended in Mar. 2025 was ¥722 Mil. Chengdu Hi-Tech Development Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥1,092 Mil. Hence, Chengdu Hi-Tech Development Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.66.

Chengdu Hi-Tech Development Co Receivables Turnover Historical Data

The historical data trend for Chengdu Hi-Tech Development 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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Chengdu Hi-Tech Development Co Receivables Turnover Chart

Chengdu Hi-Tech Development Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.99

7.27

6.35

9.48

6.83

Chengdu Hi-Tech Development Co 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															2.08	2.81	1.75	2.03	0.66

Competitive Comparison of Chengdu Hi-Tech Development Co's Receivables Turnover

For the Engineering & Construction subindustry, Chengdu Hi-Tech Development 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.

Chengdu Hi-Tech Development Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chengdu Hi-Tech Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chengdu Hi-Tech Development Co's Receivables Turnover falls into.

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Chengdu Hi-Tech Development Co Receivables Turnover Calculation

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

Chengdu Hi-Tech Development Co'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 )
=	7127.244	/ (	(650.759	+	1435.534)	/	2 )
=	7127.244	/	1043.1465
=	6.83

Chengdu Hi-Tech Development Co'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 )
=	722.069	/ (	(1435.534	+	748.367)	/	2 )
=	722.069	/	1091.9505
=	0.66

Chengdu Hi-Tech Development Co (SZSE:000628) 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.

Chengdu Hi-Tech Development Co Receivables Turnover Related Terms

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Chengdu Hi-Tech Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chengdu Hi-Tech Development Co Ltd (SZSE:000628) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 8 Jiuxing Avenue, High-Tech Industrial Dvelopment Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.cdgxfz.com

Chengdu Hi-Tech Development Co Ltd is engaged in diversified business. The company's business segments include Building construction, Commodity futures, and financial futures brokerage business. Kitchen cabinets, Industrial Parks, and a hotel business segment. It generates a majority of its revenue from the construction business segment.

Executives

Ma Hong	Director
Li Ji Qin	Supervisors
Zhao Ze Song	Director

Chengdu Hi-Tech Development Co Headlines

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