Hefei Urban Construction Development Co (SZSE:002208) Receivables Turnover : 1.31 (As of Mar. 2024)

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What is Hefei Urban Construction Development 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. Hefei Urban Construction Development Co's Revenue for the three months ended in Mar. 2024 was ¥397 Mil. Hefei Urban Construction Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥302 Mil. Hence, Hefei Urban Construction Development Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.31.

Hefei Urban Construction Development Co Receivables Turnover Historical Data

The historical data trend for Hefei Urban Construction Development 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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Hefei Urban Construction Development Co Receivables Turnover Chart

Hefei Urban Construction Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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34.05

70.49

148.29

24.48

28.37

Hefei Urban Construction Development 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															4.62	11.55	8.11	18.86	1.31

Competitive Comparison of Hefei Urban Construction Development Co's Receivables Turnover

For the Real Estate - Development subindustry, Hefei Urban Construction Development 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.

Hefei Urban Construction Development Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hefei Urban Construction Development Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hefei Urban Construction Development Co's Receivables Turnover falls into.

Hefei Urban Construction Development Co Receivables Turnover Calculation

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

Hefei Urban Construction Development 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 )
=	7897.419	/ (	(276.374	+	280.331)	/	2 )
=	7897.419	/	278.3525
=	28.37

Hefei Urban Construction Development 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 )
=	397.119	/ (	(280.331	+	324.021)	/	2 )
=	397.119	/	302.176
=	1.31

Hefei Urban Construction Development Co (SZSE:002208) 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.

Hefei Urban Construction Development Co Receivables Turnover Related Terms

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Hefei Urban Construction Development Co (SZSE:002208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hefei Urban Construction Development Co Ltd (SZSE:002208) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 319 Changjiang Middle Road, Renhe Tower, 23-24F, Hefei, Anhui, CHN, 230061

Website

http://www.hucd.cn

Hefei Urban Construction Development Co Ltd is a real estate company. The company is focusing on the development and construction of residential real estate, commercial real estate and office buildings.

Executives

Tian Feng	Secretary, Director
Wu Qian Qiu	Executives
Xu Shu Ping	Independent director
Tian Ran	Supervisors
Zheng Pei Fei	Supervisors
Wang Qing Sheng	Executives
Xu Hong	Directors, executives
Chen Qi Mei	Directors, executives
He Yi Ou	Executives
Ding Yan	Executives
Wang Xiao Yi	Director
Hang Hao	Executives
Yuan Ke Jun	Executives
Zhang Jin Sheng	Executives, executives, directors

Hefei Urban Construction Development Co (SZSE:002208) Headlines

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