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Hengyi Petrochemical Co (SZSE:000703) Receivables Turnover : 5.01 (As of Sep. 2024)


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What is Hengyi Petrochemical 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. Hengyi Petrochemical Co's Revenue for the three months ended in Sep. 2024 was ¥30,051 Mil. Hengyi Petrochemical Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥5,997 Mil. Hence, Hengyi Petrochemical Co's Receivables Turnover for the three months ended in Sep. 2024 was 5.01.


Hengyi Petrochemical Co Receivables Turnover Historical Data

The historical data trend for Hengyi Petrochemical 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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Hengyi Petrochemical Co Receivables Turnover Chart

Hengyi Petrochemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.91 17.69 25.14 22.87 21.30

Hengyi Petrochemical Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.19 4.39 5.03 5.39 5.01

Competitive Comparison of Hengyi Petrochemical Co's Receivables Turnover

For the Specialty Chemicals subindustry, Hengyi Petrochemical 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.


Hengyi Petrochemical Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hengyi Petrochemical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hengyi Petrochemical Co's Receivables Turnover falls into.



Hengyi Petrochemical Co Receivables Turnover Calculation

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

Hengyi Petrochemical 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 )
=136148.114 / ((6857.914 + 5925.175) / 2 )
=136148.114 / 6391.5445
=21.30

Hengyi Petrochemical Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=30050.897 / ((5615.403 + 6378.076) / 2 )
=30050.897 / 5996.7395
=5.01

* 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.


Hengyi Petrochemical Co  (SZSE:000703) 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.


Hengyi Petrochemical Co Receivables Turnover Related Terms

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Hengyi Petrochemical Co Business Description

Traded in Other Exchanges
N/A
Address
No. 260, Shixin North Road, Building 3, Hengyi Nan'an Mingzhu, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215
Hengyi Petrochemical Co Ltd is a China-based company engages in the petrochemical industry. Its petrochemical products include PTA, CPL and PET slices, Polyester (PET) bottle pieces, polyester pre-oriented yarn (POY), polyester fully drawn yarn (FDY), polyester elastic yarn (DTY) and polyester staple fiber. The company distributes its products in domestic market and to overseas markets.
Executives
Wang Tie Ming Supervisors
Guan Zong Xiang Executives

Hengyi Petrochemical Co Headlines

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