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Haining China Leather Market Co (SZSE:002344) Receivables Turnover : 3.54 (As of Mar. 2024)


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What is Haining China Leather Market 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. Haining China Leather Market Co's Revenue for the three months ended in Mar. 2024 was ¥267 Mil. Haining China Leather Market Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥75 Mil. Hence, Haining China Leather Market Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.54.


Haining China Leather Market Co Receivables Turnover Historical Data

The historical data trend for Haining China Leather Market 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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Haining China Leather Market Co Receivables Turnover Chart

Haining China Leather Market 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 147.79 388.50 23.78 18.79 23.29

Haining China Leather Market 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 3.11 1.42 1.57 4.68 3.54

Competitive Comparison of Haining China Leather Market Co's Receivables Turnover

For the Specialty Retail subindustry, Haining China Leather Market 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.


Haining China Leather Market Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Haining China Leather Market Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Haining China Leather Market Co's Receivables Turnover falls into.



Haining China Leather Market Co Receivables Turnover Calculation

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

Haining China Leather Market 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 )
=1291.1 / ((28.994 + 81.858) / 2 )
=1291.1 / 55.426
=23.29

Haining China Leather Market 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 )
=266.848 / ((81.858 + 68.805) / 2 )
=266.848 / 75.3315
=3.54

* 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.


Haining China Leather Market Co  (SZSE:002344) 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.


Haining China Leather Market Co Receivables Turnover Related Terms

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Haining China Leather Market Co (SZSE:002344) Business Description

Traded in Other Exchanges
N/A
Address
Fifth floor, 2 12, Haining Leather City Building, Zhejiang, CHN, 314400
Haining China Leather Market Co Ltd operates in the leather industry. The company is engaged in the distribution of leather clothing, fur clothing, leather luggage, fur, leather and footwear, and leather bags and suitcases.
Executives
Zhang Wei Qiang Directors, executives
Huang Yong Qun Supervisors
Yin Xiao Hong Directors, executives
Zhang Guo Xing Executives
Li Hong Liang Supervisors
Ren You Fa Directors, executives
Gu Ju Ying Executives
Shen Guo Fu Director
Li Zong Rong Directors, executives
Cha Jia Lin Executives
Qian Juan Ping Directors, executives
Zha Jia Lin Executives
Ling Jin Song Supervisors

Haining China Leather Market Co (SZSE:002344) Headlines

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