Hangzhou Hota M&E Holdings Co (SZSE:001225) Receivables Turnover : 1.69 (As of Jun. 2024)

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What is Hangzhou Hota M&E Holdings 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. Hangzhou Hota M&E Holdings Co's Revenue for the three months ended in Jun. 2024 was ¥39.7 Mil. Hangzhou Hota M&E Holdings Co's average Accounts Receivable for the three months ended in Jun. 2024 was ¥23.5 Mil. Hence, Hangzhou Hota M&E Holdings Co's Receivables Turnover for the three months ended in Jun. 2024 was 1.69.

Hangzhou Hota M&E Holdings Co Receivables Turnover Historical Data

The historical data trend for Hangzhou Hota M&E Holdings 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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Hangzhou Hota M&E Holdings Co Receivables Turnover Chart

Hangzhou Hota M&E Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.40

59.86

108.70

122.67

27.56

Hangzhou Hota M&E Holdings Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial										4.27	2.67	4.70	3.02	1.69

Competitive Comparison of Hangzhou Hota M&E Holdings Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Hangzhou Hota M&E Holdings 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.

Hangzhou Hota M&E Holdings Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Hota M&E Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hangzhou Hota M&E Holdings Co's Receivables Turnover falls into.

Hangzhou Hota M&E Holdings Co Receivables Turnover Calculation

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

Hangzhou Hota M&E Holdings 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 )
=	385.622	/ (	(4.467	+	23.513)	/	2 )
=	385.622	/	13.99
=	27.56

Hangzhou Hota M&E Holdings Co'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 )
=	39.679	/ (	(31.611	+	15.323)	/	2 )
=	39.679	/	23.467
=	1.69

Hangzhou Hota M&E Holdings Co (SZSE:001225) 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.

Hangzhou Hota M&E Holdings Co Receivables Turnover Related Terms

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Hangzhou Hota M&E Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Hota M&E Holdings Co Ltd (SZSE:001225) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 1201, Tonghui North Road, Ningwei Street, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215

Website

http://www.hota.com.cn

Hangzhou Hota M&E Holdings Co Ltd is engaged in the research and development, design, manufacture and sales of material handling equipment. The company's main products include plate chain bucket elevators, belt bucket elevators and other series of conveying equipment and accessories, which are widely used in cement building materials, ports, steel, chemical and other industries, providing customers with environmentally friendly and efficient bulk materials Handling solutions.

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