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Zhejiang Dahua Technology Co (SZSE:002236) Receivables Turnover : 0.45 (As of Sep. 2024)


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What is Zhejiang Dahua Technology 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. Zhejiang Dahua Technology Co's Revenue for the three months ended in Sep. 2024 was ¥7,583 Mil. Zhejiang Dahua Technology Co's average Accounts Receivable for the three months ended in Sep. 2024 was ¥16,918 Mil. Hence, Zhejiang Dahua Technology Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.45.


Zhejiang Dahua Technology Co Receivables Turnover Historical Data

The historical data trend for Zhejiang Dahua Technology 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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Zhejiang Dahua Technology Co Receivables Turnover Chart

Zhejiang Dahua Technology 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 2.24 2.03 2.39 2.03 2.03

Zhejiang Dahua Technology 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 0.48 0.62 0.39 0.54 0.45

Competitive Comparison of Zhejiang Dahua Technology Co's Receivables Turnover

For the Security & Protection Services subindustry, Zhejiang Dahua Technology 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.


Zhejiang Dahua Technology Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Dahua Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Zhejiang Dahua Technology Co's Receivables Turnover falls into.



Zhejiang Dahua Technology Co Receivables Turnover Calculation

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

Zhejiang Dahua Technology 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 )
=32218.318 / ((15411.909 + 16276.804) / 2 )
=32218.318 / 15844.3565
=2.03

Zhejiang Dahua Technology 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 )
=7583.459 / ((16654.353 + 17181.089) / 2 )
=7583.459 / 16917.721
=0.45

* 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.


Zhejiang Dahua Technology Co  (SZSE:002236) 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.


Zhejiang Dahua Technology Co Receivables Turnover Related Terms

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Zhejiang Dahua Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1187 Bin'an Road, Binjiang District, Zhejiang, Hangzhou, CHN, 310053
Zhejiang Dahua Technology Co Ltd is engaged in the production of security and surveillance products. The product offered by the company includes transmission products, cloud products, display products, video conference products, drone, Smart fire protection, and others. These products are used for city operations, business management, personal consumer life, and others.
Executives
Wu Jian Directors, executives
Jiang Xiao Lai Executives
Zhu Jian Tang Executives
Xu Qiao Fen Executives
Li Zhi Jie Executives
Zhang Xing Ming Directors, executives
Liu Ming Executives
Zhao Yu Ning Executives
Xu Zhi Cheng Executives
Zhu Jiang Ming Directors, executives
Fu Li Quan Directors, executives
He Chao Independent director
Wu Jun Directors, executives
Li Ke Directors, executives
Wei Mei Zhong Executives

Zhejiang Dahua Technology Co Headlines

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