Chengdu Huasun Technology Group (SZSE:000790) Receivables Turnover : 0.64 (As of Jun. 2024)

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What is Chengdu Huasun Technology Group 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 Huasun Technology Group's Revenue for the three months ended in Jun. 2024 was ¥278.6 Mil. Chengdu Huasun Technology Group's average Accounts Receivable for the three months ended in Jun. 2024 was ¥434.8 Mil. Hence, Chengdu Huasun Technology Group's Receivables Turnover for the three months ended in Jun. 2024 was 0.64.

Chengdu Huasun Technology Group Receivables Turnover Historical Data

The historical data trend for Chengdu Huasun Technology Group'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 Huasun Technology Group Receivables Turnover Chart

Chengdu Huasun Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.63

2.95

3.51

2.47

2.25

Chengdu Huasun Technology Group 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															0.60	0.42	0.73	0.40	0.64

Competitive Comparison of Chengdu Huasun Technology Group's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Chengdu Huasun Technology Group'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 Huasun Technology Group's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Chengdu Huasun Technology Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chengdu Huasun Technology Group's Receivables Turnover falls into.

Chengdu Huasun Technology Group Receivables Turnover Calculation

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

Chengdu Huasun Technology Group'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 )
=	1003.377	/ (	(412.73	+	479.75)	/	2 )
=	1003.377	/	446.24
=	2.25

Chengdu Huasun Technology Group'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 )
=	278.564	/ (	(407.107	+	462.557)	/	2 )
=	278.564	/	434.832
=	0.64

Chengdu Huasun Technology Group (SZSE:000790) 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 Huasun Technology Group Receivables Turnover Related Terms

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Chengdu Huasun Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chengdu Huasun Technology Group Inc Ltd (SZSE:000790) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

1168 Fuxin Avenue, High-tech Zone (West District), No. 101, 1st Floor, Building 2, Sichuan, Chengdu, CHN, 611731

Website

http://www.huasungrp.com

Chengdu Huasun Technology Group Inc Ltd, formerly Chengdu Taihe Health Technology Group Inc Ltd is engaged in the production and distribution of traditional Chinese medicines and chemical drugs in China. It is also involved in veterinary drugs, biological vaccines, and modern steel products.

Executives

Huang Xue	Director
Wang Ren Guo	Directors, executives
Ye Jing	Executives
Jiang Li	Executives
Bo Jian Ping	Executives
Wang Tian Xiang	Executives
Tang Ji Ying	Executives
Li Jian Hua	Executives
Wan Fang	Executives
Wei Yi Guo	Executives
Chen Zhong Qiao	Director

Chengdu Huasun Technology Group Headlines

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