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Jiangxi Huawu Brake Co (SZSE:300095) Receivables Turnover : 0.27 (As of Mar. 2024)


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What is Jiangxi Huawu Brake 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. Jiangxi Huawu Brake Co's Revenue for the three months ended in Mar. 2024 was ¥242 Mil. Jiangxi Huawu Brake Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥909 Mil. Hence, Jiangxi Huawu Brake Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.27.


Jiangxi Huawu Brake Co Receivables Turnover Historical Data

The historical data trend for Jiangxi Huawu Brake 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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Jiangxi Huawu Brake Co Receivables Turnover Chart

Jiangxi Huawu Brake 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 1.77 1.91 1.92 1.71 1.49

Jiangxi Huawu Brake 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 0.32 0.37 0.32 0.43 0.27

Competitive Comparison of Jiangxi Huawu Brake Co's Receivables Turnover

For the Auto Parts subindustry, Jiangxi Huawu Brake 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.


Jiangxi Huawu Brake Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jiangxi Huawu Brake Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jiangxi Huawu Brake Co's Receivables Turnover falls into.



Jiangxi Huawu Brake Co Receivables Turnover Calculation

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

Jiangxi Huawu Brake 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 )
=1346.902 / ((913.273 + 897.271) / 2 )
=1346.902 / 905.272
=1.49

Jiangxi Huawu Brake 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 )
=241.938 / ((897.271 + 920.392) / 2 )
=241.938 / 908.8315
=0.27

* 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.


Jiangxi Huawu Brake Co  (SZSE:300095) 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.


Jiangxi Huawu Brake Co Receivables Turnover Related Terms

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Jiangxi Huawu Brake Co (SZSE:300095) Business Description

Traded in Other Exchanges
N/A
Address
City Industrial Park in Jiangxi Feng Xin Mei Road 7, Fengcheng, CHN, 331100
Jiangxi Huawu Brake Co Ltd is engaged in the research, development, design, manufacture, and sales of industrial brakes and control systems. The products of the company include poet brake, metallurgical brake, wind turbine brake, rail traffic brake, and spare parts.
Executives
Nie Jing Hua Director
Ceng Zhi Yong Directors, executives
Nie Lu Lu Executives, directors
Xie Xu Zhou Executives
Chen Feng Ju Directors, Directors, and Executives
Lai Chen Executives
Zhang Jing Executives
Cai Kui Executives
Cao Ming Sheng Directors, executives
Feng Hua Independent director
Xuan Jian Min Supervisors

Jiangxi Huawu Brake Co (SZSE:300095) Headlines

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