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Huaiji Dengyun Auto-parts (Holding)Co (SZSE:002715) Receivables Turnover : 0.94 (As of Mar. 2024)


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What is Huaiji Dengyun Auto-parts (Holding)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. Huaiji Dengyun Auto-parts (Holding)Co's Revenue for the three months ended in Mar. 2024 was ¥123.4 Mil. Huaiji Dengyun Auto-parts (Holding)Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥131.4 Mil. Hence, Huaiji Dengyun Auto-parts (Holding)Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.94.


Huaiji Dengyun Auto-parts (Holding)Co Receivables Turnover Historical Data

The historical data trend for Huaiji Dengyun Auto-parts (Holding)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.

* Premium members only.

Huaiji Dengyun Auto-parts (Holding)Co Receivables Turnover Chart

Huaiji Dengyun Auto-parts (Holding)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 3.12 3.27 3.90 3.69 3.92

Huaiji Dengyun Auto-parts (Holding)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 0.87 0.98 0.88 1.06 0.94

Competitive Comparison of Huaiji Dengyun Auto-parts (Holding)Co's Receivables Turnover

For the Auto Parts subindustry, Huaiji Dengyun Auto-parts (Holding)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.


Huaiji Dengyun Auto-parts (Holding)Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Huaiji Dengyun Auto-parts (Holding)Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Huaiji Dengyun Auto-parts (Holding)Co's Receivables Turnover falls into.



Huaiji Dengyun Auto-parts (Holding)Co Receivables Turnover Calculation

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

Huaiji Dengyun Auto-parts (Holding)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 )
=544.39 / ((146.302 + 131.789) / 2 )
=544.39 / 139.0455
=3.92

Huaiji Dengyun Auto-parts (Holding)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 )
=123.388 / ((131.789 + 131.078) / 2 )
=123.388 / 131.4335
=0.94

* 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.


Huaiji Dengyun Auto-parts (Holding)Co  (SZSE:002715) 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.


Huaiji Dengyun Auto-parts (Holding)Co Receivables Turnover Related Terms

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Huaiji Dengyun Auto-parts (Holding)Co (SZSE:002715) Business Description

Traded in Other Exchanges
N/A
Address
Dengyun Ting, Huaicheng Town, Huaiji, Guangdong, CHN, 526400
Huaiji Dengyun Auto-parts (Holding)Co Ltd is engaged in the research, development, and sales of valve industry. The products of the company include passenger car valve, engine block and marine valves, engine block diesel engine valve, and senior sports car and racing car.

Huaiji Dengyun Auto-parts (Holding)Co (SZSE:002715) Headlines

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