Harbin Jiuzhou Group Co (SZSE:300040) Receivables Turnover : 0.24 (As of Mar. 2025)

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What is Harbin Jiuzhou Group 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. Harbin Jiuzhou Group Co's Revenue for the three months ended in Mar. 2025 was ¥308 Mil. Harbin Jiuzhou Group Co's average Accounts Receivable for the three months ended in Mar. 2025 was ¥1,306 Mil. Hence, Harbin Jiuzhou Group Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.24.

Harbin Jiuzhou Group Co Receivables Turnover Historical Data

The historical data trend for Harbin Jiuzhou Group 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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Harbin Jiuzhou Group Co Receivables Turnover Chart

Harbin Jiuzhou Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.42

1.02

0.89

1.10

1.28

Harbin Jiuzhou Group Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.30	0.36	0.19	0.41	0.24

Competitive Comparison of Harbin Jiuzhou Group Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Harbin Jiuzhou Group 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.

Harbin Jiuzhou Group Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harbin Jiuzhou Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harbin Jiuzhou Group Co's Receivables Turnover falls into.

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Harbin Jiuzhou Group Co Receivables Turnover Calculation

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

Harbin Jiuzhou Group Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1481.197	/ (	(1020.509	+	1289.162)	/	2 )
=	1481.197	/	1154.8355
=	1.28

Harbin Jiuzhou Group Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	308.289	/ (	(1289.162	+	1323.689)	/	2 )
=	308.289	/	1306.4255
=	0.24

Harbin Jiuzhou Group Co (SZSE:300040) 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.

Harbin Jiuzhou Group Co Receivables Turnover Related Terms

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Harbin Jiuzhou Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Jiuzhou Group Co Ltd (SZSE:300040) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 609 Jiuzhou Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150027

Website

http://www.jze.com.cn

Harbin Jiuzhou Group Co Ltd operates as an electrical equipment supplier and energy efficient management solutions provider. The solutions provided by the company include building technology, distribution automation, rail transit solution, data center, and city and infrastructure. The products and services include power products, switchgear, high voltage motor drive products, and power system automation.

Executives

Li Yin	Director
Li Zhen	Securities Affairs Representative
Zhang Qing	Directors, executives
Liu Fu Li	Executives
Yang Deng Rui	Independent director
Zou Cun Dong	Executives

Harbin Jiuzhou Group Co Headlines

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