Changchun High-Tech Industry (Group) Co (SZSE:000661) Receivables Turnover : 1.12 (As of Mar. 2025)

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What is Changchun High-Tech Industry (Group) 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. Changchun High-Tech Industry (Group) Co's Revenue for the three months ended in Mar. 2025 was ¥2,997 Mil. Changchun High-Tech Industry (Group) Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥2,688 Mil. Hence, Changchun High-Tech Industry (Group) Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.12.

Changchun High-Tech Industry (Group) Co Receivables Turnover Historical Data

The historical data trend for Changchun High-Tech Industry (Group) 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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Changchun High-Tech Industry (Group) Co Receivables Turnover Chart

Changchun High-Tech Industry (Group) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.62

7.74

6.98

5.38

4.54

Changchun High-Tech Industry (Group) 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															1.03	1.20	1.27	1.06	1.12

Competitive Comparison of Changchun High-Tech Industry (Group) Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Changchun High-Tech Industry (Group) 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.

Changchun High-Tech Industry (Group) Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Changchun High-Tech Industry (Group) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Changchun High-Tech Industry (Group) Co's Receivables Turnover falls into.

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Changchun High-Tech Industry (Group) Co Receivables Turnover Calculation

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

Changchun High-Tech Industry (Group) 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 )
=	13465.627	/ (	(3214.279	+	2721.105)	/	2 )
=	13465.627	/	2967.692
=	4.54

Changchun High-Tech Industry (Group) 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 )
=	2997.479	/ (	(2721.105	+	2654.329)	/	2 )
=	2997.479	/	2687.717
=	1.12

Changchun High-Tech Industry (Group) Co (SZSE:000661) 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.

Changchun High-Tech Industry (Group) Co Receivables Turnover Related Terms

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Changchun High-Tech Industry (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Changchun High-Tech Industry (Group) Co Ltd (SZSE:000661) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Intersection of Zhenyu Street and Dongweishan Road, 27th Floor, Building B, Hi-Tech Hairong Plaza, Jilin Province, Changchun, CHN, 130012

Website

http://www.ccht.jl.cn

Changchun High-Tech Industry (Group) Co Ltd is engaged in the production and sales of biopharmaceuticals, Chinese patent medicine production, and real estate development.

Executives

Jiang Yun Tao	Directors, executives
Wang Zhi Gang	Directors, executives
Li Xiu Feng	Executives
Zhu Xing Gong	Executives
Li Shu	Supervisors
Ye Peng	Directors, executives
Jie Bing	Supervisors
Liu Yong Chuan	Supervisors
Li Hong Yu	Secretary Dong
Ma Ji	Director
Zhang De Shen	Secretary Dong
Zhu Xian Chao	Director
Zhao Shu Ping	Supervisors
An Ji Xiang	Directors, executives
Jin Lei	Director

Changchun High-Tech Industry (Group) Co Headlines

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