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Sichuan Hexie Shuangma Co (SZSE:000935) Receivables Turnover : 3.06 (As of Mar. 2024)


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What is Sichuan Hexie Shuangma 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. Sichuan Hexie Shuangma Co's Revenue for the three months ended in Mar. 2024 was ¥213 Mil. Sichuan Hexie Shuangma Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥70 Mil. Hence, Sichuan Hexie Shuangma Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.06.


Sichuan Hexie Shuangma Co Receivables Turnover Historical Data

The historical data trend for Sichuan Hexie Shuangma 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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Sichuan Hexie Shuangma Co Receivables Turnover Chart

Sichuan Hexie Shuangma 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 34.70 91.05 406.92 111.99 30.27

Sichuan Hexie Shuangma Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.90 7.21 4.79 6.77 3.06

Competitive Comparison of Sichuan Hexie Shuangma Co's Receivables Turnover

For the Asset Management subindustry, Sichuan Hexie Shuangma 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.


Sichuan Hexie Shuangma Co's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sichuan Hexie Shuangma Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sichuan Hexie Shuangma Co's Receivables Turnover falls into.



Sichuan Hexie Shuangma Co Receivables Turnover Calculation

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

Sichuan Hexie Shuangma 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 )
=1219.345 / ((18.394 + 62.158) / 2 )
=1219.345 / 40.276
=30.27

Sichuan Hexie Shuangma Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=213.059 / ((62.158 + 77.288) / 2 )
=213.059 / 69.723
=3.06

* 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.


Sichuan Hexie Shuangma Co  (SZSE:000935) 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.


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Sichuan Hexie Shuangma Co (SZSE:000935) Business Description

Traded in Other Exchanges
N/A
Address
Erlangmiao Town, Sichuan Province, Jiangyou, CHN, 610000
Sichuan Hexie Shuangma Co Ltd is engaged in industrial investment and equity investment fund management. The company mainly manages assets including building materials manufacturing enterprises and equity investment fund management companies. Its building materials manufacturing enterprise business includes the production and sales of cement products and construction aggregates.
Executives
Feng Tao Executives
Xie Jin Hua Supervisors
Wang Qiao Director
Li Feng Li Supervisors
Zhang Yan Xue Director

Sichuan Hexie Shuangma Co (SZSE:000935) Headlines

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