Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Receivables Turnover : 0.52 (As of Mar. 2024)

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What is Suzhou Hengmingda Electronic 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. Suzhou Hengmingda Electronic Technology Co's Revenue for the three months ended in Mar. 2024 was ¥425 Mil. Suzhou Hengmingda Electronic Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥813 Mil. Hence, Suzhou Hengmingda Electronic Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.52.

Suzhou Hengmingda Electronic Technology Co Receivables Turnover Historical Data

The historical data trend for Suzhou Hengmingda Electronic 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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Suzhou Hengmingda Electronic Technology Co Receivables Turnover Chart

Suzhou Hengmingda Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.11

2.50

2.35

2.20

Suzhou Hengmingda Electronic Technology 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															0.55	0.65	0.96	0.77	0.52

Competitive Comparison of Suzhou Hengmingda Electronic Technology Co's Receivables Turnover

For the Electronic Components subindustry, Suzhou Hengmingda Electronic 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.

Suzhou Hengmingda Electronic Technology Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Suzhou Hengmingda Electronic Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Suzhou Hengmingda Electronic Technology Co's Receivables Turnover falls into.

Suzhou Hengmingda Electronic Technology Co Receivables Turnover Calculation

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

Suzhou Hengmingda Electronic 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 )
=	1818.262	/ (	(727.307	+	928.909)	/	2 )
=	1818.262	/	828.108
=	2.20

Suzhou Hengmingda Electronic Technology 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 )
=	425.169	/ (	(928.909	+	697.491)	/	2 )
=	425.169	/	813.2
=	0.52

Suzhou Hengmingda Electronic Technology Co (SZSE:002947) 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.

Suzhou Hengmingda Electronic Technology Co Receivables Turnover Related Terms

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Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Hengmingda Electronic Technology Co Ltd (SZSE:002947) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1568 Shipai Taki Road, Bacheng Town, Jiangsu Province, Kunshan City, CHN, 215312

Website

http://www.hengmingda.com

Suzhou Hengmingda Electronic Technology Co Ltd is a technology company. The company is engaged in the design, development, production and sales of consumer electronic functional devices. The products have been widely used in consumer electronics and components such as mobile phones, tablet computers, notebook computers, smart wearable devices.

Executives

Jing Shi Ping	Director
Jing Jing Ping	Secretary, Director
Jing Jiang	Executives
Qi Jun	Directors, executives
Xia Chen	Executives
Zhu Xiao Hua	Director
Wu Zhi Xing	Executives
Jing Tian Ping	Directors, executives

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